The Boeing Company $BA Shares Sold by Dakota Wealth Management

Key Points

• Dakota Wealth Management reduced its holdings in Boeing by 26.5%, selling 2,386 shares, leaving them with a total of 6,625 shares valued at approximately $1.39 million.
• Boeing reported a quarterly loss of ($1.24) EPS, missing analyst estimates, but achieved revenues of $22.75 billion, surpassing expectations.
• The stock has shown a 3.6% increase recently, with a market cap of $167.32 billion and a consensus rating of "Moderate Buy" among analysts.

Dakota Wealth Management lowered its position in shares of The Boeing Company (NYSE:BA - Free Report) by 26.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,625 shares of the aircraft producer's stock after selling 2,386 shares during the period. Dakota Wealth Management's holdings in Boeing were worth $1,388,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Aspire Capital Advisors LLC grew its stake in shares of Boeing by 0.8% during the second quarter. Aspire Capital Advisors LLC now owns 5,943 shares of the aircraft producer's stock worth $1,245,000 after purchasing an additional 45 shares in the last quarter. Lantz Financial LLC grew its stake in shares of Boeing by 1.5% during the second quarter. Lantz Financial LLC now owns 3,072 shares of the aircraft producer's stock worth $644,000 after purchasing an additional 46 shares in the last quarter. Atlas Brown Inc. grew its stake in shares of Boeing by 0.7% during the second quarter. Atlas Brown Inc. now owns 6,498 shares of the aircraft producer's stock worth $1,362,000 after purchasing an additional 48 shares in the last quarter. Moody National Bank Trust Division lifted its position in Boeing by 2.7% in the second quarter. Moody National Bank Trust Division now owns 1,836 shares of the aircraft producer's stock valued at $385,000 after acquiring an additional 48 shares during the last quarter. Finally, Monetary Management Group Inc. lifted its position in Boeing by 33.3% in the first quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer's stock valued at $34,000 after acquiring an additional 50 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Boeing Stock Up 3.6%

NYSE BA opened at $221.28 on Friday. The stock has a market capitalization of $167.32 billion, a P/E ratio of -13.40 and a beta of 1.48. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $242.69. The firm has a 50-day moving average price of $226.53 and a 200 day moving average price of $202.84.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing analysts' consensus estimates of ($0.92) by ($0.32). The company had revenue of $22.75 billion for the quarter, compared to analysts' expectations of $20.13 billion. The firm's revenue for the quarter was up 34.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($2.90) EPS. On average, equities research analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BA has been the subject of a number of research reports. Sanford C. Bernstein reissued an "outperform" rating on shares of Boeing in a research report on Monday, July 14th. KGI Securities raised shares of Boeing from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 24th. Jefferies Financial Group boosted their price target on shares of Boeing from $230.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 4th. Bank of America boosted their price target on shares of Boeing from $260.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, August 1st. Finally, Morgan Stanley reissued an "equal weight" rating on shares of Boeing in a research report on Monday, July 28th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $230.77.

Insider Transactions at Boeing

In related news, EVP David Christopher Raymond sold 3,771 shares of the firm's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $229.94, for a total value of $867,103.74. Following the completion of the sale, the executive vice president owned 35,873 shares in the company, valued at $8,248,637.62. This trade represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mortimer J. Buckley acquired 2,200 shares of Boeing stock in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average price of $226.10 per share, with a total value of $497,420.00. Following the transaction, the director owned 2,200 shares of the company's stock, valued at $497,420. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.09% of the stock is owned by company insiders.

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.

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