Naviter Wealth LLC Sells 1,519 Shares of The Boeing Company (NYSE:BA)

Naviter Wealth LLC reduced its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 21.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,686 shares of the aircraft producer's stock after selling 1,519 shares during the quarter. Naviter Wealth LLC's holdings in Boeing were worth $985,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Amundi grew its stake in shares of Boeing by 473.6% during the fourth quarter. Amundi now owns 1,565,337 shares of the aircraft producer's stock valued at $268,862,000 after purchasing an additional 1,292,417 shares during the last quarter. KKM Financial LLC grew its stake in shares of Boeing by 50.8% during the fourth 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 stake in shares of Boeing during the first quarter valued at approximately $584,000. Grant Private Wealth Management Inc bought a new stake in shares of Boeing during the fourth quarter valued at approximately $903,000. Finally, Winslow Asset Management Inc. grew its stake in shares of Boeing by 8.2% during the fourth quarter. Winslow Asset Management Inc. now owns 40,761 shares of the aircraft producer's stock valued at $7,215,000 after purchasing an additional 3,096 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Stock Performance

BA opened at $214.56 on Monday. The firm's fifty day moving average is $197.85 and its two-hundred day moving average is $180.07. The firm has a market cap of $161.78 billion, a PE ratio of -11.97 and a beta of 1.43. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $218.80.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings data 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 company 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 business earned ($1.13) earnings per share. The company's revenue was up 17.7% on a year-over-year basis. Equities analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

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 sale, the senior vice president now directly owns 13,258 shares in the company, valued at approximately $2,734,860.24. The trade was a 4.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total transaction of $650,198.35. Following the completion of the sale, the executive vice president now owns 20,513 shares in the company, 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.

Analyst Ratings Changes

BA has been the topic of a number of recent research reports. Benchmark reduced their price objective on shares of Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a research note on Monday, April 21st. The Goldman Sachs Group set a $212.00 price objective on shares of Boeing and gave the company a "buy" rating in a research note on Thursday, June 12th. Wells Fargo & Company reaffirmed an "underweight" rating on shares of Boeing in a research note on Thursday, May 22nd. Royal Bank Of Canada reaffirmed a "cautious" rating on shares of Boeing in a research note on Thursday, June 12th. Finally, Melius raised shares of Boeing from a "hold" rating to a "buy" rating in a research note on Monday, March 24th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $215.77.

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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