Roffman Miller Associates Inc. PA Sells 5,016 Shares of The Boeing Company (NYSE:BA)

Roffman Miller Associates Inc. PA decreased its stake in The Boeing Company (NYSE:BA - Free Report) by 11.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BA. Vanguard Group Inc. raised its position in shares of Boeing by 24.4% during the fourth quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock worth $11,406,361,000 after acquiring an additional 12,641,715 shares during the last quarter. Geode Capital Management LLC increased its position in Boeing by 29.5% during the 4th quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock valued at $2,677,170,000 after purchasing an additional 3,452,075 shares during the period. Northern Trust Corp lifted its position in shares of Boeing by 33.6% in the 4th quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer's stock worth $1,151,316,000 after purchasing an additional 1,634,231 shares during the period. Castlekeep Investment Advisors LLC bought a new stake in shares of Boeing in the 4th quarter valued at $568,000. Finally, Alyeska Investment Group L.P. bought a new stake in Boeing during the fourth quarter valued at $526,889,000. Institutional investors own 64.82% of the company's stock.

Boeing Price Performance

NYSE BA opened at $215.75 on Monday. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $218.80. The stock has a market capitalization of $162.68 billion, a PE ratio of -12.04 and a beta of 1.41. The company's 50 day simple moving average is $202.13 and its two-hundred day simple moving average is $181.45.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (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 the consensus estimate of $19.57 billion. During the same period in the prior year, the firm posted ($1.13) earnings per share. The business's revenue was up 17.7% on a year-over-year basis. On average, research analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on BA shares. UBS Group upped their price target on shares of Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Redburn Atlantic upgraded Boeing from a "hold" rating to a "strong-buy" rating and raised their target price for the company from $180.00 to $275.00 in a report on Friday, June 27th. TD Securities cut shares of Boeing to a "cautious" rating in a report on Thursday, May 22nd. Morgan Stanley set a $200.00 price objective on shares of Boeing and gave the company an "equal weight" rating in a research note on Thursday, June 12th. Finally, Benchmark reduced their target price on shares of Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a research report on Monday, April 21st. Four analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Boeing has a consensus rating of "Moderate Buy" and an average price target of $215.77.

Insider Transactions at Boeing

In other Boeing news, EVP Jeffrey S. Shockey sold 3,205 shares of the business's stock in a transaction on 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 directly 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Brendan J. Nelson sold 640 shares of the business's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $206.28, for a total transaction of $132,019.20. Following the completion of the sale, the senior vice president directly owned 13,258 shares of the company's stock, valued at $2,734,860.24. This represents a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,744 shares of company stock valued at $1,511,370. Insiders own 0.09% of the company's stock.

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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