Stephens Inc. AR Trims Holdings in The Boeing Company (NYSE:BA)

Stephens Inc. AR trimmed its stake in The Boeing Company (NYSE:BA - Free Report) by 3.7% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 46,857 shares of the aircraft producer's stock after selling 1,808 shares during the period. Stephens Inc. AR's holdings in Boeing were worth $7,992,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Revolve Wealth Partners LLC acquired a new position in shares of Boeing in the fourth quarter valued at approximately $201,000. Bank Pictet & Cie Europe AG acquired a new position in shares of Boeing in the fourth quarter valued at approximately $7,837,000. Proficio Capital Partners LLC acquired a new position in shares of Boeing in the fourth quarter valued at approximately $293,000. Frank Rimerman Advisors LLC grew its holdings in shares of Boeing by 6.8% in the fourth quarter. Frank Rimerman Advisors LLC now owns 3,105 shares of the aircraft producer's stock valued at $550,000 after purchasing an additional 199 shares in the last quarter. Finally, Choate Investment Advisors grew its holdings in shares of Boeing by 3.7% in the fourth quarter. Choate Investment Advisors now owns 9,507 shares of the aircraft producer's stock valued at $1,683,000 after purchasing an additional 335 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP David Christopher Raymond sold 3,899 shares of the stock in a transaction dated 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 directly owned 42,513 shares in the company, valued at $7,950,356.13. This represents a 8.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Brendan J. Nelson sold 640 shares of the 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 transaction, the senior vice president owned 13,258 shares in the company, valued at approximately $2,734,860.24. The trade was a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,744 shares of company stock valued at $1,511,370 in the last ninety days. Insiders own 0.09% of the company's stock.

Boeing Trading Up 0.3%

Shares of NYSE BA opened at $226.68 on Monday. The stock has a market cap of $170.92 billion, a price-to-earnings ratio of -12.65 and a beta of 1.41. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $231.23. The company's 50-day moving average price is $206.14 and its 200 day moving average price is $183.00.

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

Analyst Ratings Changes

Several research analysts have commented on the stock. Cowen reiterated a "buy" rating on shares of Boeing in a report on Wednesday, May 7th. Melius Research set a $204.00 price target on shares of Boeing in a report on Monday, March 24th. Wells Fargo & Company reiterated an "underweight" rating on shares of Boeing in a report on Thursday, May 22nd. Jefferies Financial Group boosted their price target on shares of Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, June 4th. Finally, Royal Bank Of Canada reiterated a "cautious" rating on shares of Boeing in a report on Thursday, June 12th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $216.32.

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.

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