Strategic Financial Concepts LLC Has $222,000 Stake in The Boeing Company (NYSE:BA)

Strategic Financial Concepts LLC trimmed its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 93.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,301 shares of the aircraft producer's stock after selling 19,627 shares during the period. Strategic Financial Concepts LLC's holdings in Boeing were worth $222,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BA. American National Bank & Trust boosted its stake in shares of Boeing by 474.1% during the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock worth $26,000 after buying an additional 128 shares during the last quarter. REAP Financial Group LLC boosted its stake in shares of Boeing by 60.2% during the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock worth $31,000 after buying an additional 65 shares during the last quarter. Dogwood Wealth Management LLC lifted its stake in Boeing by 167.2% in the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after purchasing an additional 112 shares during the last quarter. Solstein Capital LLC acquired a new stake in Boeing in the 4th quarter valued at about $33,000. Finally, Heck Capital Advisors LLC acquired a new stake in Boeing in the 4th quarter valued at about $33,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BA has been the subject of several recent analyst reports. Jefferies Financial Group raised their target price 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. Wall Street Zen downgraded shares of Boeing from a "hold" rating to a "sell" rating in a research note on Saturday, May 17th. Benchmark cut their target price 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. Cowen reiterated a "buy" rating on shares of Boeing in a research note on Wednesday, May 7th. Finally, Morgan Stanley set a $200.00 target price on shares of Boeing and gave the company an "equal weight" rating in a research note on Thursday, June 12th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. 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 Price Performance

NYSE:BA traded up $3.72 during mid-day trading on Friday, reaching $215.75. The stock had a trading volume of 4,476,122 shares, compared to its average volume of 9,497,060. The stock has a 50-day simple moving average of $202.13 and a two-hundred day simple moving average of $181.42. The stock has a market capitalization of $162.68 billion, a PE ratio of -12.04 and a beta of 1.41. 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 posted its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share 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. The business's quarterly revenue was up 17.7% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.13) EPS. Equities analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Insider Transactions at Boeing

In other news, 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total transaction of $650,198.35. Following the transaction, the executive vice president owned 20,513 shares in the company, valued at approximately $4,161,472.31. This trade represents a 13.51% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,744 shares of company stock worth $1,511,370. Company 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.