Hanson & Doremus Investment Management Has $2.69 Million Position in The Boeing Company (NYSE:BA)

Hanson & Doremus Investment Management reduced its stake in The Boeing Company (NYSE:BA - Free Report) by 7.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,760 shares of the aircraft producer's stock after selling 1,301 shares during the period. Hanson & Doremus Investment Management's holdings in Boeing were worth $2,688,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in BA. Good Life Advisors LLC raised its holdings in Boeing by 3.0% in the 1st quarter. Good Life Advisors LLC now owns 7,618 shares of the aircraft producer's stock valued at $1,299,000 after buying an additional 222 shares during the last quarter. Bouvel Investment Partners LLC raised its holdings in Boeing by 1.1% in the 1st quarter. Bouvel Investment Partners LLC now owns 21,862 shares of the aircraft producer's stock valued at $3,729,000 after buying an additional 246 shares during the last quarter. Hengehold Capital Management LLC bought a new position in Boeing in the 1st quarter valued at approximately $201,000. Ritholtz Wealth Management raised its holdings in Boeing by 103.5% in the 1st quarter. Ritholtz Wealth Management now owns 10,062 shares of the aircraft producer's stock valued at $1,716,000 after buying an additional 5,117 shares during the last quarter. Finally, Affinity Capital Advisors LLC raised its holdings in Boeing by 7.5% in the 1st quarter. Affinity Capital Advisors LLC now owns 1,741 shares of the aircraft producer's stock valued at $273,000 after buying an additional 121 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Analysts Set New Price Targets

Several research firms have issued reports on BA. TD Securities lowered shares of Boeing to a "cautious" rating in a report on Thursday, May 22nd. Melius upgraded shares of Boeing from a "hold" rating to a "buy" rating in a report on Monday, March 24th. Morgan Stanley restated an "equal weight" rating and set a $200.00 price target on shares of Boeing in a report on Thursday. Citigroup reaffirmed a "buy" rating on shares of Boeing in a research report on Thursday, May 22nd. Finally, UBS Group raised their price objective on shares of Boeing from $207.00 to $226.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $209.85.

Boeing Price Performance

BA opened at $200.21 on Monday. The company has a market capitalization of $150.96 billion, a price-to-earnings ratio of -10.93 and a beta of 1.43. The firm's fifty day moving average price is $188.93 and its two-hundred day moving average price is $177.11. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $218.80.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.39) by $0.90. The firm had revenue of $19.50 billion for the quarter, compared to analysts' expectations of $19.57 billion. Boeing's revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.13) earnings per share. As a group, equities analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Boeing Profile

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.

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