The Boeing Company (NYSE:BA) Shares Sold by Cetera Investment Advisers

Key Points

• Cetera Investment Advisers decreased its stake in Boeing by 16.6%, selling 41,373 shares, resulting in holdings valued at $35.49 million as of the latest SEC filing.
• Several institutional investors, including American National Bank & Trust and Dogwood Wealth Management, significantly increased their positions in Boeing, highlighting strong interest from the sector.
• Boeing reported a quarterly earnings EPS of ($0.49), surpassing analysts' estimates, while revenue increased by 17.7% compared to the previous year, indicating recovery in its financial performance.

Cetera Investment Advisers reduced its stake in The Boeing Company (NYSE:BA - Free Report) by 16.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 208,085 shares of the aircraft producer's stock after selling 41,373 shares during the period. Cetera Investment Advisers' holdings in Boeing were worth $35,489,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. American National Bank & Trust lifted its position in Boeing by 474.1% during the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock valued at $26,000 after purchasing an additional 128 shares during the period. REAP Financial Group LLC lifted its position in Boeing by 60.2% during the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock valued at $31,000 after purchasing an additional 65 shares during the period. Dogwood Wealth Management LLC lifted its position in Boeing by 167.2% during the fourth quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after purchasing an additional 112 shares during the period. Solstein Capital LLC acquired a new position in shares of Boeing in the fourth quarter worth about $33,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Boeing in the fourth quarter worth about $33,000. 64.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Boeing

In related news, EVP David Christopher Raymond sold 3,899 shares of the stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $187.01, for a total value of $729,151.99. Following the transaction, the executive vice president directly owned 42,513 shares of the company's stock, valued at $7,950,356.13. This trade represents a 8.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Brendan J. Nelson sold 640 shares of the stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total transaction of $132,019.20. Following the completion of the transaction, the senior vice president directly owned 13,258 shares in the company, valued at $2,734,860.24. This trade represents a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 7,744 shares of company stock valued at $1,511,370. Insiders own 0.09% of the company's stock.

Wall Street Analysts Forecast Growth

BA has been the subject of a number of analyst reports. Bank of America upgraded shares of Boeing from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $185.00 to $260.00 in a research report on Monday, June 2nd. UBS Group upped their price objective on shares of Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a research note on Friday, May 9th. Citigroup upped their price objective on shares of Boeing from $220.00 to $270.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Redburn Atlantic raised shares of Boeing from a "hold" rating to a "strong-buy" rating and upped their price objective for the company from $180.00 to $275.00 in a research note on Friday, June 27th. Finally, Sanford C. Bernstein reaffirmed an "outperform" rating on shares of Boeing in a research note on Monday, July 14th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $221.55.

Boeing Stock Up 1.4%

Boeing stock traded up $3.34 during mid-day trading on Monday, reaching $236.40. 7,886,003 shares of the company's stock were exchanged, compared to its average volume of 8,547,362. The company has a market cap of $178.25 billion, a P/E ratio of -13.19 and a beta of 1.41. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $236.63. The company has a fifty day moving average of $213.01 and a 200-day moving average of $186.96.

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.