Lindbrook Capital LLC Reduces Stake in The Boeing Company (NYSE:BA)

Lindbrook Capital LLC lowered its holdings in The Boeing Company (NYSE:BA - Free Report) by 9.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,749 shares of the aircraft producer's stock after selling 1,262 shares during the period. Lindbrook Capital LLC's holdings in Boeing were worth $2,004,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. KKM Financial LLC increased its position in shares of Boeing by 50.8% during the 4th quarter. KKM Financial LLC now owns 15,368 shares of the aircraft producer's stock valued at $2,720,000 after purchasing an additional 5,175 shares during the last quarter. Wynn Capital LLC bought a new position in shares of Boeing during the 1st quarter valued at about $584,000. Grant Private Wealth Management Inc bought a new position in shares of Boeing during the 4th quarter valued at about $903,000. Advanced Portfolio Management LLC increased its position in shares of Boeing by 182.2% during the 4th quarter. Advanced Portfolio Management LLC now owns 15,000 shares of the aircraft producer's stock valued at $2,655,000 after purchasing an additional 9,684 shares during the last quarter. Finally, Zimmer Partners LP bought a new position in shares of Boeing during the 4th quarter valued at about $393,736,000. Hedge funds and other institutional investors own 64.82% of the company's stock.

Insider Buying and Selling at Boeing

In other news, SVP Brendan J. Nelson sold 640 shares of the stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $206.28, for a total value of $132,019.20. Following the sale, the senior vice president directly owned 13,258 shares in the company, valued at approximately $2,734,860.24. This represents a 4.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total value of $650,198.35. Following the completion of the sale, the executive vice president owned 20,513 shares of the company's stock, valued at $4,161,472.31. The trade was a 13.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have 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.

Boeing Stock Down 0.7%

Shares of Boeing stock opened at $229.49 on Friday. The stock's 50-day simple moving average is $210.26 and its 200-day simple moving average is $184.78. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $233.61. The company has a market capitalization of $173.04 billion, a price-to-earnings ratio of -12.81 and a beta of 1.41.

Boeing (NYSE:BA - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, topping analysts' consensus estimates 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. Boeing's quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.13) earnings per share. On average, equities analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BA has been the topic of a number of recent analyst reports. TD Securities lowered Boeing to a "cautious" rating in a research report on Thursday, May 22nd. Citigroup raised their target price on Boeing from $220.00 to $270.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Bank of America upgraded Boeing from a "neutral" rating to a "buy" rating and raised their target price for the company from $185.00 to $260.00 in a research note on Monday, June 2nd. Sanford C. Bernstein restated an "outperform" rating on shares of Boeing in a research note on Monday, July 14th. Finally, Wall Street Zen cut Boeing from a "hold" rating to a "sell" rating in a research note on Saturday, May 17th. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $221.55.

Boeing Company 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.

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