Keybank National Association OH Sells 1,500 Shares of The Boeing Company (NYSE:BA)

Keybank National Association OH lowered its stake in The Boeing Company (NYSE:BA - Free Report) by 5.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 28,496 shares of the aircraft producer's stock after selling 1,500 shares during the quarter. Keybank National Association OH's holdings in Boeing were worth $4,860,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American National Bank & Trust boosted its holdings in Boeing by 474.1% in the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock worth $26,000 after purchasing an additional 128 shares during the last quarter. REAP Financial Group LLC boosted 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 worth $31,000 after purchasing an additional 65 shares during the last quarter. Dogwood Wealth Management LLC boosted its holdings in Boeing by 167.2% in the fourth quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after purchasing an additional 112 shares during the last quarter. Solstein Capital LLC purchased a new stake in Boeing in the fourth quarter worth approximately $33,000. Finally, Heck Capital Advisors LLC purchased a new stake in Boeing in the fourth quarter worth approximately $33,000. Hedge funds and other institutional investors own 64.82% of the company's stock.

Insider Activity at Boeing

In related news, 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 completion of the transaction, the executive vice president directly owned 42,513 shares of the company's stock, valued at approximately $7,950,356.13. This trade represents a 8.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Brendan J. Nelson sold 640 shares of the firm's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total transaction of $132,019.20. Following the transaction, the senior vice president directly owned 13,258 shares of the company's stock, valued at $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. Over the last ninety days, insiders sold 7,744 shares of company stock valued at $1,511,370. Corporate insiders own 0.09% of the company's stock.

Boeing Trading Up 1.8%

BA traded up $3.72 during trading on Friday, hitting $215.75. 4,476,122 shares of the company traded hands, compared to its average volume of 9,497,060. The company has a market cap of $162.68 billion, a PE ratio of -12.04 and a beta of 1.41. The stock's 50-day simple moving average is $202.13 and its two-hundred day simple moving average is $181.42. 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 earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, beating the consensus estimate of ($1.39) by $0.90. The company had revenue of $19.50 billion for the quarter, compared to analysts' expectations of $19.57 billion. The business's revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the business posted ($1.13) earnings per share. Equities analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Rothschild & Co Redburn upgraded shares of Boeing from a "neutral" rating to a "buy" rating and set a $275.00 target price on the stock in a report on Friday, June 27th. Citigroup reiterated a "buy" rating on shares of Boeing in a research report on Thursday, May 22nd. Jefferies Financial Group increased their price target on shares of Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 4th. Wall Street Zen downgraded shares of Boeing from a "hold" rating to a "sell" rating in a research report on Saturday, May 17th. Finally, The Goldman Sachs Group set a $212.00 price target on shares of Boeing and gave the stock a "buy" rating in a research report on Thursday, June 12th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $215.77.

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.