Invesco LLC Decreases Stake in The Boeing Company (NYSE:BA)

Invesco LLC trimmed its stake in The Boeing Company (NYSE:BA - Free Report) by 51.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,259 shares of the aircraft producer's stock after selling 1,354 shares during the period. Invesco LLC's holdings in Boeing were worth $215,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Keynote Financial Services LLC grew its position in Boeing by 3.8% during the 4th quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer's stock worth $273,000 after purchasing an additional 57 shares during the period. Trek Financial LLC grew its holdings in Boeing by 2.7% during the fourth quarter. Trek Financial LLC now owns 2,307 shares of the aircraft producer's stock worth $408,000 after acquiring an additional 60 shares during the period. Colonial Trust Co SC grew its holdings in Boeing by 6.1% during the fourth quarter. Colonial Trust Co SC now owns 1,042 shares of the aircraft producer's stock worth $184,000 after acquiring an additional 60 shares during the period. HBW Advisory Services LLC raised its position in Boeing by 4.3% during the first quarter. HBW Advisory Services LLC now owns 1,557 shares of the aircraft producer's stock valued at $266,000 after acquiring an additional 64 shares in the last quarter. Finally, REAP Financial Group LLC lifted its holdings in Boeing by 60.2% in the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock valued at $31,000 after acquiring an additional 65 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Price Performance

Shares of NYSE:BA traded up $3.71 during midday trading on Thursday, reaching $202.61. 6,923,477 shares of the company's stock were exchanged, compared to its average volume of 9,419,990. The stock has a market cap of $152.77 billion, a price-to-earnings ratio of -11.31 and a beta of 1.43. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $218.80. The firm's 50 day simple moving average is $195.98 and its two-hundred day simple moving average is $179.22.

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 (EPS) for the quarter, beating analysts' consensus estimates of ($1.39) by $0.90. The company had revenue of $19.50 billion during the quarter, compared to analysts' expectations of $19.57 billion. Boeing's revenue was up 17.7% on a year-over-year basis. During the same period last year, the firm posted ($1.13) earnings per share. Equities research analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Transactions at Boeing

In other news, EVP David Christopher Raymond sold 3,899 shares of the company's 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 sale, the executive vice president now owns 42,513 shares of the company's stock, valued at approximately $7,950,356.13. This represents a 8.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 completion of the sale, the senior vice president now owns 13,258 shares in the company, valued at approximately $2,734,860.24. The trade was a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,744 shares of company stock worth $1,511,370 over the last ninety days. Company insiders own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on BA. Benchmark cut their target price on shares of Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a report on Monday, April 21st. Wall Street Zen downgraded shares of Boeing from a "hold" rating to a "sell" rating in a research report on Saturday, May 17th. Morgan Stanley set a $200.00 target price on Boeing and gave the company an "equal weight" rating in a research report on Thursday, June 12th. Melius Research set a $204.00 price target on Boeing in a report on Monday, March 24th. Finally, Sanford C. Bernstein raised Boeing from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $181.00 to $218.00 in a report on Monday, April 28th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Boeing has an average rating of "Moderate Buy" and a consensus price target of $209.85.

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.