Simmons Bank Decreases Stock Holdings in The Boeing Company (NYSE:BA)

Simmons Bank reduced its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 16.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,533 shares of the aircraft producer's stock after selling 1,242 shares during the quarter. Simmons Bank's holdings in Boeing were worth $1,114,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. American National Bank & Trust grew its holdings in Boeing by 474.1% in the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock worth $26,000 after purchasing an additional 128 shares during the last quarter. REAP Financial Group LLC boosted its position in shares of Boeing by 60.2% in the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock worth $31,000 after purchasing an additional 65 shares in the last quarter. Dogwood Wealth Management LLC boosted its position in shares of Boeing by 167.2% in the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after purchasing an additional 112 shares in the last quarter. Solstein Capital LLC purchased a new position in Boeing during the 4th quarter worth $33,000. Finally, Heck Capital Advisors LLC acquired a new position in Boeing during the 4th quarter valued at about $33,000. Institutional investors own 64.82% of the company's stock.

Boeing Trading Up 1.8%

Shares of NYSE BA traded up $3.72 during trading on Friday, reaching $215.75. 4,476,122 shares of the company traded hands, compared to its average volume of 9,497,060. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $218.80. The stock has a market cap of $162.68 billion, a P/E ratio of -12.04 and a beta of 1.41. The firm's fifty day simple moving average is $202.13 and its 200 day simple moving average is $181.42.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, beating the consensus estimate of ($1.39) by $0.90. The company had revenue of $19.50 billion for the quarter, compared to analysts' expectations of $19.57 billion. During the same quarter in the prior year, the business posted ($1.13) earnings per share. The firm's revenue was up 17.7% compared to the same quarter last year. As a group, research analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Insider Activity

In related 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 transaction, the executive vice president directly owned 20,513 shares in the company, valued at $4,161,472.31. The trade was a 13.51% decrease in their position. 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 Boeing stock in a transaction 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 directly owned 13,258 shares of the company's stock, valued at $2,734,860.24. The trade was a 4.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,744 shares of company stock valued at $1,511,370 in the last three months. 0.09% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on BA shares. Susquehanna reiterated a "positive" rating and issued a $240.00 price target (up from $205.00) on shares of Boeing in a research note on Wednesday, May 14th. Sanford C. Bernstein upgraded shares of Boeing from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $181.00 to $218.00 in a report on Monday, April 28th. Cowen reiterated a "buy" rating on shares of Boeing in a research note on Wednesday, May 7th. Morgan Stanley set a $200.00 target price on shares of Boeing and gave the stock an "equal weight" rating in a research report on Thursday, June 12th. Finally, The Goldman Sachs Group set a $212.00 price target on shares of Boeing and gave the company a "buy" rating in a research note on Thursday, June 12th. Four 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 given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $215.77.

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.