Fulton Breakefield Broenniman LLC Sells 1,191 Shares of The Boeing Company (NYSE:BA)

Fulton Breakefield Broenniman LLC lowered its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 29.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,852 shares of the aircraft producer's stock after selling 1,191 shares during the quarter. Fulton Breakefield Broenniman LLC's holdings in Boeing were worth $486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Revolve Wealth Partners LLC purchased a new stake in Boeing in the fourth quarter worth about $201,000. Bank Pictet & Cie Europe AG purchased a new stake in Boeing in the fourth quarter worth about $7,837,000. Proficio Capital Partners LLC purchased a new stake in shares of Boeing during the fourth quarter valued at approximately $293,000. AGF Management Ltd. purchased a new stake in shares of Boeing during the fourth quarter valued at approximately $766,000. Finally, Vestcor Inc grew its holdings in shares of Boeing by 17.1% during the fourth quarter. Vestcor Inc now owns 13,294 shares of the aircraft producer's stock valued at $2,353,000 after buying an additional 1,941 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Bank of America upgraded shares of Boeing from a "neutral" rating to a "buy" rating and increased their price target for the company from $185.00 to $260.00 in a report on Monday, June 2nd. Redburn Atlantic upgraded shares of Boeing from a "hold" rating to a "strong-buy" rating and increased their price target for the company from $180.00 to $275.00 in a report on Friday, June 27th. Cowen reiterated a "buy" rating on shares of Boeing in a report on Wednesday, May 7th. Royal Bank Of Canada reiterated a "cautious" rating on shares of Boeing in a report on Thursday, June 12th. Finally, The Goldman Sachs Group set a $212.00 price target on shares of Boeing and gave the company a "buy" rating in a report on Thursday, June 12th. Four analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $219.95.

Insiders Place Their Bets

In other Boeing news, EVP Jeffrey S. Shockey sold 3,205 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total value of $650,198.35. Following the transaction, the executive vice president directly owned 20,513 shares in the company, valued at approximately $4,161,472.31. This trade represents a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David Christopher Raymond sold 3,899 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $187.01, for a total transaction of $729,151.99. Following the sale, the executive vice president owned 42,513 shares in the company, valued at $7,950,356.13. The trade was a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,744 shares of company stock worth $1,511,370. Company insiders own 0.09% of the company's stock.

Boeing Stock Down 0.1%

BA traded down $0.17 during trading on Wednesday, hitting $229.83. The company's stock had a trading volume of 7,462,610 shares, compared to its average volume of 9,563,290. The Boeing Company has a one year low of $128.88 and a one year high of $233.61. The firm has a market cap of $173.29 billion, a PE ratio of -12.83 and a beta of 1.41. The business's 50 day simple moving average is $207.90 and its 200-day simple moving average is $183.67.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, topping the consensus estimate of ($1.39) by $0.90. The business had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. During the same quarter in the previous year, the business posted ($1.13) earnings per share. The firm's revenue was up 17.7% on a year-over-year basis. Equities research analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

About Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sells, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through Commercial Airplanes; Defense, Space & Security; and Global Services segments.