Teamwork Financial Advisors LLC Trims Position in The Boeing Company (NYSE:BA)

Teamwork Financial Advisors LLC decreased its position in The Boeing Company (NYSE:BA - Free Report) by 79.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,754 shares of the aircraft producer's stock after selling 6,954 shares during the quarter. Teamwork Financial Advisors LLC's holdings in Boeing were worth $299,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in BA. Vanguard Group Inc. grew its stake in shares of Boeing by 24.4% during the fourth quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock worth $11,406,361,000 after purchasing an additional 12,641,715 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Boeing by 29.5% during the 4th quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock worth $2,677,170,000 after acquiring an additional 3,452,075 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Boeing by 33.6% in the 4th quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer's stock valued at $1,151,316,000 after acquiring an additional 1,634,231 shares during the last quarter. Fisher Asset Management LLC raised its position in shares of Boeing by 3.4% during the 4th quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer's stock worth $890,469,000 after acquiring an additional 164,042 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Boeing by 30.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer's stock worth $739,585,000 after purchasing an additional 981,796 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.

Boeing Trading Down 1.3%

Shares of NYSE:BA traded down $2.79 during midday trading on Thursday, hitting $209.19. The stock had a trading volume of 4,730,251 shares, compared to its average volume of 9,202,400. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $215.80. The stock has a 50 day moving average price of $180.96 and a two-hundred day moving average price of $173.74. The company has a market capitalization of $157.73 billion, a PE ratio of -11.42 and a beta of 1.41.

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 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 analysts' expectations of $19.57 billion. Boeing's revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.13) EPS. As a group, equities analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Insider Buying and Selling

In other news, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total transaction of $650,198.35. Following the completion of the sale, the executive vice president now directly owns 20,513 shares in the company, valued at approximately $4,161,472.31. This trade represents a 13.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Brendan J. Nelson sold 640 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total value of $132,019.20. Following the completion of the transaction, the senior vice president now directly 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 disclosure for this sale can be found here. Insiders have sold 7,744 shares of company stock valued at $1,511,370 over the last quarter. Company insiders own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

BA has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Boeing from a "hold" rating to a "sell" rating in a report on Saturday, May 17th. Melius Research set a $204.00 price target on shares of Boeing in a research note on Monday, March 24th. Susquehanna reissued a "positive" rating and issued a $240.00 price target (up from $205.00) on shares of Boeing in a research report on Wednesday, May 14th. Citigroup reaffirmed a "buy" rating on shares of Boeing in a report on Thursday, May 22nd. Finally, Bank of America raised Boeing from a "neutral" rating to a "buy" rating and boosted their target price for the company from $185.00 to $260.00 in a report on Monday. Three analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $207.85.

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.