Roffman Miller Associates Inc. PA Lowers Stock Position in The Boeing Company (NYSE:BA)

Roffman Miller Associates Inc. PA decreased its position in The Boeing Company (NYSE:BA - Free Report) by 11.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,512 shares of the aircraft producer's stock after selling 5,016 shares during the period. Roffman Miller Associates Inc. PA's holdings in Boeing were worth $6,568,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cloud Capital Management LLC acquired a new position in shares of Boeing during the first quarter valued at about $85,000. Minneapolis Portfolio Management Group LLC increased its position in Boeing by 0.5% in the 1st quarter. Minneapolis Portfolio Management Group LLC now owns 98,297 shares of the aircraft producer's stock valued at $16,765,000 after buying an additional 504 shares in the last quarter. Lee Danner & Bass Inc. boosted its holdings in Boeing by 1.2% in the first quarter. Lee Danner & Bass Inc. now owns 28,080 shares of the aircraft producer's stock worth $4,789,000 after acquiring an additional 344 shares in the last quarter. Vickerman Investment Advisors Inc. grew its stake in Boeing by 0.5% in the first quarter. Vickerman Investment Advisors Inc. now owns 15,518 shares of the aircraft producer's stock valued at $2,647,000 after acquiring an additional 76 shares during the period. Finally, Core Alternative Capital raised its position in shares of Boeing by 6.1% during the first quarter. Core Alternative Capital now owns 2,166 shares of the aircraft producer's stock worth $369,000 after purchasing an additional 125 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on BA shares. Sanford C. Bernstein raised Boeing from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $181.00 to $218.00 in a report on Monday, April 28th. UBS Group increased their target price on shares of Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a report on Friday, May 9th. Bank of America raised shares of Boeing from a "neutral" rating to a "buy" rating and raised their price target for the company from $185.00 to $260.00 in a research report on Monday, June 2nd. Wall Street Zen downgraded shares of Boeing from a "hold" rating to a "sell" rating in a research report on Saturday, May 17th. Finally, The Goldman Sachs Group set a $212.00 target price on shares of Boeing and gave the stock a "buy" rating in a research report on Thursday, June 12th. Four 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $215.77.

Boeing Stock Performance

Boeing stock traded up $2.50 during mid-day trading on Monday, reaching $218.42. The company's stock had a trading volume of 5,799,998 shares, compared to its average volume of 9,482,281. The company has a market capitalization of $164.69 billion, a P/E ratio of -12.19 and a beta of 1.41. The firm's fifty day moving average price is $202.13 and its two-hundred day moving average price is $181.45. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $218.80.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings data 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 the consensus estimate of $19.57 billion. During the same quarter in the previous year, the firm posted ($1.13) earnings per share. The business's revenue for the quarter was up 17.7% compared to the same quarter last year. On average, research analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Transactions at Boeing

In related news, SVP Brendan J. Nelson sold 640 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total transaction of $132,019.20. Following the completion of the transaction, the senior vice president owned 13,258 shares of the company's stock, valued at approximately $2,734,860.24. The trade was a 4.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the firm's 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 transaction, the executive vice president directly owned 20,513 shares of the company's stock, valued at approximately $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. Over the last ninety days, insiders have sold 7,744 shares of company stock valued at $1,511,370. 0.09% of the stock is currently owned by corporate 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.