Lewis Asset Management LLC Sells 1,375 Shares of The Boeing Company (NYSE:BA)

Lewis Asset Management LLC reduced its stake in The Boeing Company (NYSE:BA - Free Report) by 40.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,028 shares of the aircraft producer's stock after selling 1,375 shares during the period. Lewis Asset Management LLC's holdings in Boeing were worth $346,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Revolve Wealth Partners LLC bought a new stake in shares of Boeing during the fourth quarter valued at approximately $201,000. Bank Pictet & Cie Europe AG purchased a new position in shares of Boeing during the 4th quarter worth $7,837,000. Proficio Capital Partners LLC purchased a new position in shares of Boeing during the 4th quarter worth $293,000. Teacher Retirement System of Texas boosted its stake in shares of Boeing by 997.8% during the 4th quarter. Teacher Retirement System of Texas now owns 42,980 shares of the aircraft producer's stock worth $7,607,000 after acquiring an additional 39,065 shares during the last quarter. Finally, Summit Global Investments lifted its stake in shares of Boeing by 47.9% during the 4th quarter. Summit Global Investments now owns 2,385 shares of the aircraft producer's stock valued at $422,000 after buying an additional 772 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Trading Down 0.4%

Boeing stock traded down $0.87 during trading on Tuesday, hitting $228.45. The company had a trading volume of 4,613,095 shares, compared to its average volume of 9,556,374. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $233.61. The company's 50 day simple moving average is $210.26 and its 200-day simple moving average is $184.87. The stock has a market cap of $172.25 billion, a price-to-earnings ratio of -12.75 and a beta of 1.41.

Boeing (NYSE:BA - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.39) by $0.90. The company had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. The company's quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($1.13) EPS. As a group, analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Susquehanna reissued a "positive" rating on shares of Boeing in a research report on Monday, July 14th. Wells Fargo & Company reaffirmed an "underweight" rating on shares of Boeing in a research report on Thursday, May 22nd. UBS Group boosted their price objective on shares of Boeing from $207.00 to $226.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Melius upgraded shares of Boeing from a "hold" rating to a "buy" rating in a research note on Monday, March 24th. Finally, Jefferies Financial Group boosted their price objective on shares of Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Four research analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $221.55.

Insider Buying and Selling

In other Boeing news, SVP Brendan J. Nelson sold 640 shares of Boeing 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 owned 13,258 shares in the company, valued at $2,734,860.24. This trade represents a 4.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 in the company, valued at approximately $7,950,356.13. This represents a 8.40% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,744 shares of company stock worth $1,511,370. 0.09% of the stock is owned by insiders.

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.