Integrated Advisors Network LLC Sells 2,520 Shares of The Boeing Company (NYSE:BA)

Integrated Advisors Network LLC decreased its position in The Boeing Company (NYSE:BA - Free Report) by 12.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,033 shares of the aircraft producer's stock after selling 2,520 shares during the period. Integrated Advisors Network LLC's holdings in Boeing were worth $3,015,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of BA. Vanguard Group Inc. increased its stake in Boeing by 24.4% in the fourth quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock valued at $11,406,361,000 after purchasing an additional 12,641,715 shares in the last quarter. Geode Capital Management LLC increased its stake in Boeing by 29.5% in the fourth quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock valued at $2,677,170,000 after purchasing an additional 3,452,075 shares in the last quarter. Castlekeep Investment Advisors LLC bought a new stake in Boeing in the fourth quarter valued at $568,000. Alyeska Investment Group L.P. bought a new stake in Boeing in the fourth quarter valued at $526,889,000. Finally, Zimmer Partners LP bought a new stake in Boeing in the fourth quarter valued at $393,736,000. Institutional investors and hedge funds own 64.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. TD Securities downgraded shares of Boeing to a "cautious" rating in a research note on Thursday, May 22nd. Benchmark lowered their price objective on Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a research note on Monday, April 21st. UBS Group increased their price objective on Boeing from $207.00 to $226.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Royal Bank of Canada reissued an "outperform" rating and issued a $200.00 price objective on shares of Boeing in a research note on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. increased their price objective on Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $204.35.

Insiders Place Their Bets

In other news, SVP Brendan J. Nelson sold 640 shares of the stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total value of $132,019.20. Following the transaction, the senior vice president now owns 13,258 shares of the company's stock, valued at $2,734,860.24. This represents a 4.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP David Christopher Raymond sold 3,899 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the completion of the transaction, the executive vice president now directly owns 42,513 shares in the company, valued at $7,950,356.13. The trade was a 8.40% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,744 shares of company stock worth $1,511,370 in the last three months. 0.09% of the stock is currently owned by corporate insiders.

Boeing Trading Down 0.5%

Shares of BA stock traded down $1.07 during trading on Tuesday, reaching $201.29. 5,841,298 shares of the company's stock traded hands, compared to its average volume of 9,156,486. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $209.66. The company has a market capitalization of $151.77 billion, a P/E ratio of -10.99 and a beta of 1.41. The firm's 50-day moving average is $176.77 and its 200 day moving average is $170.98.

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