DCM Advisors LLC Lowers Stock Holdings in The Boeing Company $BA

Key Points

• DCM Advisors LLC has reduced its stake in Boeing by 15.5%, holding 11,589 shares worth approximately $1.97 million after selling 2,129 shares.
• National Pension Service increased its holdings in Boeing by 19.6%, now owning over 1.33 million shares valued at $227.36 million.
• Boeing's stock has seen fluctuations, with the latest market price at $230.89 and recent earnings results showing a reported loss per share of ($1.24), missing estimates.

DCM Advisors LLC decreased its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 15.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,589 shares of the aircraft producer's stock after selling 2,129 shares during the period. DCM Advisors LLC's holdings in Boeing were worth $1,970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. American National Bank & Trust lifted its position 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 valued at $26,000 after buying an additional 128 shares in the last quarter. REAP Financial Group LLC lifted its position 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 valued at $31,000 after buying an additional 65 shares in the last quarter. Dogwood Wealth Management LLC lifted its position in shares of Boeing by 167.2% during the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after buying an additional 112 shares in the last quarter. Heck Capital Advisors LLC purchased a new position in shares of Boeing during the 4th quarter valued at approximately $33,000. Finally, Proathlete Wealth Management LLC purchased a new position in shares of Boeing during the 1st quarter valued at approximately $34,000. Hedge funds and other institutional investors own 64.82% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BA. KGI Securities upgraded Boeing from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 24th. Sanford C. Bernstein reissued an "outperform" rating on shares of Boeing in a research note on Monday, July 14th. The Goldman Sachs Group set a $212.00 price objective on Boeing and gave the company a "buy" rating in a research note on Thursday, June 12th. Barclays increased their price objective on Boeing from $210.00 to $255.00 and gave the company an "overweight" rating in a research note on Tuesday, July 29th. Finally, JPMorgan Chase & Co. increased their price objective on Boeing from $230.00 to $251.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $230.77.

Boeing Stock Down 1.8%

Shares of BA traded down $3.87 during midday trading on Friday, reaching $216.12. The company had a trading volume of 11,078,950 shares, compared to its average volume of 6,130,396. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69. The stock has a market cap of $163.42 billion, a PE ratio of -13.09 and a beta of 1.48. The firm has a 50 day simple moving average of $228.76 and a 200-day simple moving average of $199.39.

Boeing (NYSE:BA - Get Free Report) last issued its earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.92) by ($0.32). The business had revenue of $22.75 billion during the quarter, compared to analyst estimates of $20.13 billion. During the same period in the previous year, the business earned ($2.90) earnings per share. The firm's revenue was up 34.9% on a year-over-year basis. As a group, sell-side analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

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