The Boeing Company $BA Shares Sold by Legacy Financial Advisors Inc.

Key Points

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Legacy Financial Advisors Inc. reduced its position in The Boeing Company (NYSE:BA - Free Report) by 10.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,818 shares of the aircraft producer's stock after selling 1,152 shares during the quarter. Legacy Financial Advisors Inc.'s holdings in Boeing were worth $1,674,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BA. Castlekeep Investment Advisors LLC acquired a new position in shares of Boeing during the fourth quarter worth about $568,000. Alyeska Investment Group L.P. acquired a new position in Boeing in the fourth quarter valued at approximately $526,889,000. Zimmer Partners LP acquired a new position in Boeing in the fourth quarter valued at approximately $393,736,000. Northern Trust Corp boosted its holdings in Boeing by 33.6% in the fourth quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer's stock valued at $1,151,316,000 after purchasing an additional 1,634,231 shares in the last quarter. Finally, Sculptor Capital LP acquired a new position in Boeing in the fourth quarter valued at approximately $265,500,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BA has been the subject of a number of research analyst reports. Jefferies Financial Group upped their price target on Boeing from $230.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Citigroup reaffirmed a "buy" rating on shares of Boeing in a report on Monday, July 28th. Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Boeing in a report on Monday, July 14th. Susquehanna upped their price target on Boeing from $265.00 to $270.00 and gave the company a "positive" rating in a report on Wednesday, July 30th. Finally, UBS Group set a $280.00 price objective on Boeing and gave the company a "buy" rating in a research note on Wednesday, July 30th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Boeing currently has a consensus rating of "Moderate Buy" and an average price target of $228.90.

Boeing Price Performance

Boeing stock opened at $232.48 on Tuesday. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $242.69. The business has a 50 day simple moving average of $219.75 and a 200-day simple moving average of $193.10. The stock has a market capitalization of $175.79 billion, a PE ratio of -14.08 and a beta of 1.48.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The business had revenue of $22.75 billion during the quarter, compared to analysts' expectations of $20.13 billion. The business's quarterly revenue was up 34.9% compared to the same quarter last year. During the same period last year, the firm earned ($2.90) EPS. As a group, equities research analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Insider Transactions at Boeing

In other Boeing news, 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 completion of the transaction, the executive vice president owned 35,873 shares in the company, valued at approximately $8,248,637.62. This represents a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.09% of the company's stock.

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.

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