The Boeing Company (NYSE:BA) Shares Sold by Adalta Capital Management LLC

Adalta Capital Management LLC lowered its position in shares of The Boeing Company (NYSE:BA - Free Report) by 13.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,625 shares of the aircraft producer's stock after selling 1,324 shares during the quarter. Boeing comprises 0.8% of Adalta Capital Management LLC's portfolio, making the stock its 27th largest position. Adalta Capital Management LLC's holdings in Boeing were worth $1,527,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Sierra Ocean LLC bought a new position in Boeing in the fourth quarter worth about $26,000. Sugar Maple Asset Management LLC bought a new position in shares of Boeing during the fourth quarter valued at approximately $27,000. Fiduciary Advisors Inc. acquired a new stake in shares of Boeing during the 4th quarter worth approximately $28,000. HighMark Wealth Management LLC lifted its holdings in shares of Boeing by 121.6% in the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock worth $29,000 after purchasing an additional 90 shares during the last quarter. Finally, Anfield Capital Management LLC boosted its position in Boeing by 113.1% during the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after purchasing an additional 95 shares during the period. Institutional investors and hedge funds own 64.82% of the company's stock.

Boeing Trading Up 1.1%

Shares of NYSE BA opened at $207.48 on Wednesday. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $209.66. The company has a market capitalization of $156.44 billion, a price-to-earnings ratio of -11.33 and a beta of 1.41. The firm has a 50-day moving average of $173.70 and a two-hundred day moving average of $169.40.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.39) by $0.90. The company had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. Boeing's quarterly revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the company posted ($1.13) EPS. As a group, research analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

Analyst Ratings Changes

BA has been the topic of several analyst reports. Cowen reaffirmed a "buy" rating on shares of Boeing in a research report on Wednesday, May 7th. Citigroup increased their price objective on shares of Boeing from $210.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Susquehanna reiterated a "positive" rating and issued a $240.00 price objective (up from $205.00) on shares of Boeing in a research report on Wednesday, May 14th. Melius Research set a $204.00 target price on shares of Boeing in a research report on Monday, March 24th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday, April 23rd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $204.35.

Insider Transactions at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the sale, the executive vice president now directly owns 19,213 shares of the company's stock, valued at $3,471,596.97. The trade was a 14.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total value of $650,198.35. Following the transaction, the executive vice president now owns 20,513 shares in the company, valued at $4,161,472.31. This represents a 13.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 10,903 shares of company stock valued at $2,082,169 over the last three months. Company 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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