Journey Strategic Wealth LLC Sells 1,411 Shares of The Boeing Company (NYSE:BA)

Journey Strategic Wealth LLC lowered its stake in The Boeing Company (NYSE:BA - Free Report) by 23.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,549 shares of the aircraft producer's stock after selling 1,411 shares during the period. Journey Strategic Wealth LLC's holdings in Boeing were worth $776,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Pinnacle Associates Ltd. increased its stake in shares of Boeing by 2.1% in the first quarter. Pinnacle Associates Ltd. now owns 51,643 shares of the aircraft producer's stock worth $8,808,000 after purchasing an additional 1,086 shares during the period. Noesis Capital Mangement Corp acquired a new position in Boeing during the 1st quarter valued at $429,000. AE Wealth Management LLC raised its stake in Boeing by 6.2% during the 1st quarter. AE Wealth Management LLC now owns 10,899 shares of the aircraft producer's stock valued at $1,859,000 after purchasing an additional 634 shares during the last quarter. Vestor Capital LLC raised its stake in Boeing by 4.4% during the 1st quarter. Vestor Capital LLC now owns 2,934 shares of the aircraft producer's stock valued at $500,000 after purchasing an additional 123 shares during the last quarter. Finally, NCP Inc. raised its stake in Boeing by 8.7% during the 1st quarter. NCP Inc. now owns 9,834 shares of the aircraft producer's stock valued at $1,677,000 after purchasing an additional 790 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Insider Buying and Selling at Boeing

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

Boeing Trading Up 0.8%

NYSE BA traded up $1.75 during trading hours on Friday, reaching $233.02. 4,613,746 shares of the company's stock were exchanged, compared to its average volume of 7,181,941. The stock has a market cap of $175.70 billion, a PE ratio of -13.00 and a beta of 1.41. The Boeing Company has a one year low of $128.88 and a one year high of $235.27. The firm has a fifty day moving average of $213.01 and a 200-day moving average of $186.75.

Boeing (NYSE:BA - Get Free Report) last released its 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 business had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. During the same quarter in the previous year, the company posted ($1.13) earnings per share. The business's revenue for the quarter was up 17.7% on a year-over-year basis. As a group, research analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on BA. Jefferies Financial Group boosted their price target on Boeing from $230.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Redburn Atlantic upgraded Boeing from a "hold" rating to a "strong-buy" rating and upped their target price for the company from $180.00 to $275.00 in a research note on Friday, June 27th. Sanford C. Bernstein restated an "outperform" rating on shares of Boeing in a research note on Monday, July 14th. UBS Group upped their target price on Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Finally, The Goldman Sachs Group set a $212.00 target price on Boeing and gave the company a "buy" rating in a research note on Thursday, June 12th. Four analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $221.55.

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.