The Boeing Company (NYSE:BA) Shares Sold by NorthRock Partners LLC

Key Points

• NorthRock Partners LLC reduced its stake in Boeing by 6.7%, selling 1,534 shares during the first quarter and ending with a total of 21,390 shares valued at approximately $3.65 million.
• Insiders at Boeing sold significant amounts of stock recently, including SVP Brendan J. Nelson selling 640 shares and EVP Jeffrey S. Shockey selling 3,205 shares, indicating a 4.60% and 13.51% decrease in their respective positions.
• Analysts have varied ratings on Boeing, with a consensus rating of "Moderate Buy" and a target price averaging around $223.59, reflecting mixed sentiment about the company's future performance.

NorthRock Partners LLC cut its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 6.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,390 shares of the aircraft producer's stock after selling 1,534 shares during the quarter. NorthRock Partners LLC's holdings in Boeing were worth $3,648,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of BA. American National Bank & Trust increased its holdings in shares of Boeing by 474.1% during the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock valued at $26,000 after purchasing an additional 128 shares in the last quarter. REAP Financial Group LLC increased its holdings in shares of Boeing by 60.2% during the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock valued at $31,000 after purchasing an additional 65 shares in the last quarter. Dogwood Wealth Management LLC increased its holdings in shares of Boeing by 167.2% during the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after purchasing an additional 112 shares in the last quarter. Solstein Capital LLC purchased a new position in shares of Boeing during the 4th quarter valued at approximately $33,000. Finally, Heck Capital Advisors LLC purchased a new position in shares of Boeing during the 4th quarter valued at approximately $33,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on BA shares. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $250.00 target price on shares of Boeing in a report on Wednesday. Citigroup reissued a "buy" rating on shares of Boeing in a research note on Monday. Sanford C. Bernstein reissued an "outperform" rating on shares of Boeing in a research note on Monday, July 14th. Redburn Atlantic raised shares of Boeing from a "hold" rating to a "strong-buy" rating and lifted their price target for the company from $180.00 to $275.00 in a research note on Friday, June 27th. Finally, Cowen reissued a "buy" rating on shares of Boeing in a research note on Wednesday, May 7th. Three analysts have rated the stock with a sell rating, three have issued a hold rating, eighteen have issued a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $229.18.

Insider Activity

In related news, SVP Brendan J. Nelson sold 640 shares of the business's stock in a transaction dated 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 directly owned 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 the business's stock in a transaction dated 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 owned 20,513 shares in the company, valued at approximately $4,161,472.31. This trade represents a 13.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by insiders.

Boeing Trading Down 1.1%

BA traded down $2.50 on Friday, hitting $219.34. The company had a trading volume of 1,998,398 shares, compared to its average volume of 8,577,467. The firm has a market cap of $165.86 billion, a P/E ratio of -13.27 and a beta of 1.41. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69. The company's fifty day moving average price is $214.84 and its 200 day moving average price is $188.30.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The company had revenue of $22.75 billion for the quarter, compared to analysts' expectations of $20.13 billion. The company's revenue for the quarter was up 34.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($2.90) EPS. On average, analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

About Boeing

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.