Edgestream Partners L.P. Decreases Position in The Boeing Company (NYSE:BA)

Edgestream Partners L.P. decreased its position in The Boeing Company (NYSE:BA - Free Report) by 87.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,061 shares of the aircraft producer's stock after selling 34,025 shares during the period. Edgestream Partners L.P.'s holdings in Boeing were worth $863,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. American National Bank & Trust lifted its holdings in shares of Boeing by 474.1% in 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 in the last quarter. REAP Financial Group LLC lifted its stake in Boeing by 60.2% in the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock worth $31,000 after acquiring an additional 65 shares in the last quarter. Dogwood Wealth Management LLC boosted its position in Boeing by 167.2% during the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after acquiring an additional 112 shares during the period. Solstein Capital LLC purchased a new position in Boeing during the 4th quarter valued at about $33,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Boeing in the 4th quarter valued at about $33,000. Institutional investors and hedge funds own 64.82% of the company's stock.

Analyst Ratings Changes

BA has been the topic of a number of recent research reports. Jefferies Financial Group raised their price target on shares of Boeing from $230.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Melius raised Boeing from a "hold" rating to a "buy" rating in a report on Monday, March 24th. Bank of America upgraded Boeing from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $185.00 to $260.00 in a report on Monday, June 2nd. Benchmark lowered their price target on Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a report on Monday, April 21st. Finally, Cowen reiterated a "buy" rating on shares of Boeing in a report on Wednesday, May 7th. Four analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $221.55.

Insider Activity

In other news, EVP David Christopher Raymond sold 3,899 shares of the business's stock in a transaction that occurred 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 sale, the executive vice president owned 42,513 shares of the company's stock, valued at $7,950,356.13. The trade was a 8.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the business'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 directly owned 20,513 shares in the company, valued at $4,161,472.31. The trade was a 13.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,744 shares of company stock valued at $1,511,370 in the last 90 days. Insiders own 0.09% of the company's stock.

Boeing Price Performance

Shares of NYSE BA traded down $0.05 during trading on Tuesday, hitting $229.27. The stock had a trading volume of 3,008,496 shares, compared to its average volume of 9,549,854. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $233.61. The company has a market capitalization of $172.87 billion, a PE ratio of -12.80 and a beta of 1.41. The firm has a fifty day moving average of $210.26 and a two-hundred day moving average of $184.87.

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

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.