Stephens Consulting LLC Lowers Stake in The Boeing Company (NYSE:BA)

Stephens Consulting LLC reduced its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 63.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,106 shares of the aircraft producer's stock after selling 5,293 shares during the period. Stephens Consulting LLC's holdings in Boeing were worth $530,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Keynote Financial Services LLC increased its stake in Boeing by 3.8% during the 4th quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer's stock valued at $273,000 after purchasing an additional 57 shares in the last quarter. Trek Financial LLC increased its stake in Boeing by 2.7% during the 4th quarter. Trek Financial LLC now owns 2,307 shares of the aircraft producer's stock valued at $408,000 after purchasing an additional 60 shares in the last quarter. Colonial Trust Co SC increased its stake in Boeing by 6.1% during the 4th quarter. Colonial Trust Co SC now owns 1,042 shares of the aircraft producer's stock valued at $184,000 after purchasing an additional 60 shares in the last quarter. Transcend Capital Advisors LLC increased its stake in Boeing by 1.3% during the 4th quarter. Transcend Capital Advisors LLC now owns 4,923 shares of the aircraft producer's stock valued at $871,000 after purchasing an additional 61 shares in the last quarter. Finally, HBW Advisory Services LLC increased its stake in Boeing by 4.3% during the 1st quarter. HBW Advisory Services LLC now owns 1,557 shares of the aircraft producer's stock valued at $266,000 after purchasing an additional 64 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Boeing

In other news, EVP David Christopher Raymond sold 3,899 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $187.01, for a total value of $729,151.99. Following the sale, the executive vice president now directly owns 42,513 shares in the company, valued at $7,950,356.13. The trade was a 8.40% decrease in their position. The transaction was disclosed in a filing 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 dated 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 now owns 13,258 shares in the company, valued at approximately $2,734,860.24. This trade represents a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, 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 Stock Performance

BA stock opened at $201.74 on Tuesday. The Boeing Company has a one year low of $128.88 and a one year high of $218.80. The company's fifty day moving average price is $190.18 and its 200-day moving average price is $177.43. The company has a market capitalization of $152.11 billion, a PE ratio of -11.01 and a beta of 1.43.

Boeing (NYSE:BA - Get Free Report) last released its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, topping the consensus estimate of ($1.39) by $0.90. The company had revenue of $19.50 billion during the quarter, compared to analysts' expectations of $19.57 billion. During the same period last year, the firm posted ($1.13) EPS. Boeing's quarterly revenue 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.

Analyst Upgrades and Downgrades

BA has been the subject of a number of analyst reports. Jefferies Financial Group raised their price objective on shares of Boeing from $230.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, June 4th. Bank of America upgraded shares of Boeing from a "neutral" rating to a "buy" rating and raised their price objective for the company from $185.00 to $260.00 in a research note on Monday, June 2nd. UBS Group raised their price objective on shares of Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Benchmark reduced their price target on shares of Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a research note on Monday, April 21st. Finally, Wall Street Zen lowered shares of Boeing from a "hold" rating to a "sell" rating in a research note on Saturday, May 17th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $209.85.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.