The Boeing Company (NYSE:BA) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its position in shares of The Boeing Company (NYSE:BA - Free Report) by 1.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,880,416 shares of the aircraft producer's stock after selling 41,001 shares during the period. Bank of New York Mellon Corp owned 0.51% of Boeing worth $661,805,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in BA. American National Bank & Trust raised its position in shares of Boeing by 474.1% in the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock worth $26,000 after acquiring an additional 128 shares in the last quarter. REAP Financial Group LLC increased its position in Boeing by 60.2% in 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 increased its position in Boeing by 167.2% in 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. Solstein Capital LLC acquired a new position in Boeing during the 4th quarter valued at about $33,000. Finally, Heck Capital Advisors LLC acquired a new position in Boeing during the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 64.82% of the company's stock.

Boeing Stock Performance

NYSE:BA traded down $0.83 during midday trading on Tuesday, reaching $217.80. 3,958,067 shares of the stock traded hands, compared to its average volume of 9,460,998. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $219.94. The business has a 50-day moving average of $202.86 and a two-hundred day moving average of $181.73. The stock has a market capitalization of $164.22 billion, a PE ratio of -12.15 and a beta of 1.41.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.39) by $0.90. The company had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. The company's revenue for the quarter was up 17.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.13) EPS. Research analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Benchmark cut their target price on Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a research note on Monday, April 21st. Citigroup reissued a "buy" rating on shares of Boeing in a report on Thursday, May 22nd. Melius Research set a $204.00 price target on shares of Boeing in a report on Monday, March 24th. Melius raised shares of Boeing from a "hold" rating to a "buy" rating in a report on Monday, March 24th. Finally, Rothschild & Co Redburn raised shares of Boeing from a "neutral" rating to a "buy" rating and set a $275.00 price target on the stock in a report on Friday, June 27th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $215.77.

Insider Activity at Boeing

In related news, EVP Jeffrey S. Shockey sold 3,205 shares of the firm's stock in a transaction 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 sale, the executive vice president owned 20,513 shares in the company, valued at approximately $4,161,472.31. This trade represents a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP David Christopher Raymond sold 3,899 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $187.01, for a total transaction of $729,151.99. Following the sale, the executive vice president owned 42,513 shares in the company, valued at approximately $7,950,356.13. This represents a 8.40% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,744 shares of company stock worth $1,511,370. 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.