Principle Wealth Partners LLC Lowers Stock Position in The Boeing Company (NYSE:BA)

Principle Wealth Partners LLC reduced its holdings in The Boeing Company (NYSE:BA - Free Report) by 7.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,500 shares of the aircraft producer's stock after selling 1,585 shares during the period. Principle Wealth Partners LLC's holdings in Boeing were worth $3,326,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of BA. KKM Financial LLC raised its holdings in Boeing by 50.8% in the fourth quarter. KKM Financial LLC now owns 15,368 shares of the aircraft producer's stock worth $2,720,000 after purchasing an additional 5,175 shares during the period. Wynn Capital LLC acquired a new stake in Boeing in the first quarter worth $584,000. Grant Private Wealth Management Inc acquired a new stake in Boeing in the fourth quarter worth $903,000. Advanced Portfolio Management LLC raised its holdings in Boeing by 182.2% in the fourth quarter. Advanced Portfolio Management LLC now owns 15,000 shares of the aircraft producer's stock worth $2,655,000 after purchasing an additional 9,684 shares during the period. Finally, Zimmer Partners LP bought a new stake in shares of Boeing during the fourth quarter worth $393,736,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Price Performance

Shares of Boeing stock traded up $1.75 during trading on Friday, reaching $233.02. 4,613,746 shares of the company traded hands, compared to its average volume of 7,181,941. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $235.27. The company has a 50 day moving average price of $213.01 and a 200-day moving average price of $186.75. The firm has a market capitalization of $175.70 billion, a PE ratio of -13.00 and a beta of 1.41.

Boeing (NYSE:BA - Get Free Report) last released its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating 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 firm earned ($1.13) EPS. The firm's revenue was up 17.7% on a year-over-year basis. Equities research analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Activity at Boeing

In other Boeing news, EVP David Christopher Raymond sold 3,899 shares of the company'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 transaction, the executive vice president owned 42,513 shares in the company, valued at approximately $7,950,356.13. This represents a 8.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total transaction of $650,198.35. Following the transaction, the executive vice president owned 20,513 shares in the company, valued at approximately $4,161,472.31. The trade was a 13.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,744 shares of company stock worth $1,511,370 in the last quarter. Company insiders own 0.09% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on BA shares. Cowen reissued a "buy" rating on shares of Boeing in a research report on Wednesday, May 7th. Wall Street Zen downgraded shares of Boeing from a "hold" rating to a "sell" rating in a research report on Saturday, May 17th. The Goldman Sachs Group set a $212.00 price objective on shares of Boeing and gave the stock a "buy" rating in a research report on Thursday, June 12th. Redburn Atlantic raised shares of Boeing from a "hold" rating to a "strong-buy" rating and increased their price objective for the stock from $180.00 to $275.00 in a research report on Friday, June 27th. Finally, Morgan Stanley raised their target price on shares of Boeing from $200.00 to $235.00 and gave the company an "equal weight" rating in a research report on Thursday, July 17th. Four analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $221.55.

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.