Strategic Wealth Investment Group LLC Sells 80,147 Shares of The Boeing Company (NYSE:BA)

Strategic Wealth Investment Group LLC decreased its position in shares of The Boeing Company (NYSE:BA - Free Report) by 93.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,503 shares of the aircraft producer's stock after selling 80,147 shares during the period. Boeing comprises 1.6% of Strategic Wealth Investment Group LLC's holdings, making the stock its 24th largest holding. Strategic Wealth Investment Group LLC's holdings in Boeing were worth $939,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of BA. Keynote Financial Services LLC boosted its holdings in shares of Boeing by 3.8% in the 4th quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer's stock worth $273,000 after purchasing an additional 57 shares in the last quarter. Chaney Capital Management Inc. raised its holdings in shares of Boeing by 2.1% during the 4th quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer's stock valued at $508,000 after buying an additional 58 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its position in Boeing by 0.6% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer's stock worth $1,878,000 after buying an additional 59 shares during the last quarter. Center for Financial Planning Inc. boosted its stake in Boeing by 12.0% in the fourth quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer's stock worth $99,000 after buying an additional 60 shares in the last quarter. Finally, Trek Financial LLC grew its position in Boeing by 2.7% during the fourth quarter. Trek Financial LLC now owns 2,307 shares of the aircraft producer's stock valued at $408,000 after acquiring an additional 60 shares during the last quarter. Institutional investors own 64.82% of the company's stock.

Wall Street Analysts Forecast Growth

BA has been the subject of several analyst reports. Royal Bank of Canada increased their target price on Boeing from $200.00 to $230.00 and gave the company an "outperform" rating in a report on Monday. Melius raised Boeing from a "hold" rating to a "buy" rating in a research note on Monday, March 24th. Sanford C. Bernstein upgraded shares of Boeing from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $181.00 to $218.00 in a report on Monday, April 28th. Jefferies Financial Group lifted their target price on shares of Boeing from $230.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, June 4th. Finally, Melius Research set a $204.00 price target on shares of Boeing in a report on Monday, March 24th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Boeing has an average rating of "Moderate Buy" and a consensus price target of $209.85.

Insider Buying and Selling at Boeing

In other Boeing news, SVP Brendan J. Nelson sold 640 shares of Boeing stock in a transaction that occurred 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 now owns 13,258 shares of the company's stock, valued at $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 available through the SEC website. Also, EVP David Christopher Raymond sold 3,899 shares of the company's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the completion of the transaction, the executive vice president now directly owns 42,513 shares of the company's stock, valued at $7,950,356.13. This represents a 8.40% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,744 shares of company stock worth $1,511,370. Insiders own 0.09% of the company's stock.

Boeing Stock Performance

Shares of NYSE BA traded down $10.25 during mid-day trading on Thursday, hitting $203.75. 30,494,611 shares of the stock traded hands, compared to its average volume of 9,341,686. The stock has a fifty day moving average price of $186.41 and a 200-day moving average price of $176.08. The company has a market cap of $153.63 billion, a price-to-earnings ratio of -11.12 and a beta of 1.43. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $218.80.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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. The firm's quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.13) EPS. As a group, sell-side analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

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.