Edgestream Partners L.P. Has $863,000 Stake in The Boeing Company (NYSE:BA)

Edgestream Partners L.P. lowered its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 87.1% during the first quarter, according to the company in its most recent disclosure 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 filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BA. American National Bank & Trust boosted its stake in Boeing by 474.1% in the 1st 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 shares of Boeing by 60.2% during the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock valued at $31,000 after acquiring an additional 65 shares during the period. Dogwood Wealth Management LLC lifted its position in shares of Boeing by 167.2% during the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after acquiring an additional 112 shares during the period. Solstein Capital LLC bought a new stake in shares of Boeing during the 4th quarter valued at $33,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of Boeing during the 4th quarter valued at $33,000. Institutional investors own 64.82% of the company's stock.

Insider Buying and Selling at Boeing

In other news, SVP Brendan J. Nelson sold 640 shares of Boeing stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $206.28, for a total transaction of $132,019.20. Following the sale, the senior vice president owned 13,258 shares of the company's stock, valued at approximately $2,734,860.24. The trade was a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing stock in a transaction that occurred 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 sale, the executive vice president directly owned 20,513 shares in the company, valued at approximately $4,161,472.31. This trade represents a 13.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,744 shares of company stock valued at $1,511,370 in the last ninety days. Insiders own 0.09% of the company's stock.

Boeing Stock Performance

BA traded up $5.07 during trading on Wednesday, reaching $233.55. The company's stock had a trading volume of 7,289,600 shares, compared to its average volume of 9,573,884. The company's fifty day moving average price is $211.97 and its 200-day moving average price is $185.92. The company has a market capitalization of $176.10 billion, a price-to-earnings ratio of -13.03 and a beta of 1.41. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $235.27.

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 for the quarter, beating the consensus estimate of ($1.39) by $0.90. The business had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. The company's revenue was up 17.7% on a year-over-year basis. During the same quarter last year, the firm posted ($1.13) earnings per share. Equities analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. UBS Group raised their price objective on shares of Boeing from $207.00 to $226.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Cowen reaffirmed a "buy" rating on shares of Boeing in a research report on Wednesday, May 7th. Susquehanna reissued a "positive" rating on shares of Boeing in a research note on Monday, July 14th. Bank of America raised Boeing from a "neutral" rating to a "buy" rating and raised their price objective for the company from $185.00 to $260.00 in a research note on Monday, June 2nd. Finally, Citigroup raised their price objective on Boeing from $220.00 to $270.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Four research analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $221.55.

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.