Strategic Financial Concepts LLC Sells 19,627 Shares of The Boeing Company (NYSE:BA)

Strategic Financial Concepts LLC lessened 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 13F filing with the Securities and Exchange Commission. The fund owned 1,301 shares of the aircraft producer's stock after selling 19,627 shares during the quarter. 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 have also recently modified their holdings of BA. Amundi raised its holdings in shares of Boeing by 473.6% during the 4th quarter. Amundi now owns 1,565,337 shares of the aircraft producer's stock valued at $268,862,000 after buying an additional 1,292,417 shares in the last quarter. KKM Financial LLC raised its holdings in shares of Boeing by 50.8% during the 4th quarter. KKM Financial LLC now owns 15,368 shares of the aircraft producer's stock valued at $2,720,000 after buying an additional 5,175 shares in the last quarter. Wynn Capital LLC purchased a new position in shares of Boeing during the 1st quarter valued at about $584,000. Grant Private Wealth Management Inc purchased a new position in shares of Boeing during the 4th quarter valued at about $903,000. Finally, Advanced Portfolio Management LLC raised its holdings in shares of Boeing by 182.2% during the 4th quarter. Advanced Portfolio Management LLC now owns 15,000 shares of the aircraft producer's stock valued at $2,655,000 after buying an additional 9,684 shares in the last quarter. Institutional investors own 64.82% of the company's stock.

Boeing Stock Up 1.8%

Shares of BA traded up $3.72 during mid-day trading on Friday, hitting $215.75. 4,476,122 shares of the company's stock traded hands, compared to its average volume of 9,497,060. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $218.80. The firm has a market capitalization of $162.68 billion, a P/E ratio of -12.04 and a beta of 1.41. The business's 50-day moving average price is $202.13 and its 200-day moving average price is $181.42.

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

Insider Activity

In related news, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing stock in a transaction that occurred 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP David Christopher Raymond sold 3,899 shares of Boeing stock in a transaction that occurred on 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 owned 42,513 shares in the company, valued at $7,950,356.13. This represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,744 shares of company stock valued at $1,511,370. Company insiders own 0.09% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on BA shares. Jefferies Financial Group raised their price objective on Boeing from $230.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Benchmark decreased their price target on Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a research note on Monday, April 21st. Wells Fargo & Company reaffirmed an "underweight" rating on shares of Boeing in a research note on Thursday, May 22nd. The Goldman Sachs Group set a $212.00 price target on Boeing and gave the stock a "buy" rating in a research note on Thursday, June 12th. Finally, Royal Bank Of Canada reaffirmed a "cautious" rating on shares of Boeing in a research note on Thursday, June 12th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $215.77.

About Boeing

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.