Heritage Wealth Management Inc. Sells 3,200 Shares of The Boeing Company (NYSE:BA)

Heritage Wealth Management Inc. lowered its stake in The Boeing Company (NYSE:BA - Free Report) by 57.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,392 shares of the aircraft producer's stock after selling 3,200 shares during the quarter. Heritage Wealth Management Inc.'s holdings in Boeing were worth $408,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in BA. Cloud Capital Management LLC acquired a new stake in shares of Boeing in the first quarter worth about $85,000. Minneapolis Portfolio Management Group LLC lifted its position in shares of Boeing by 0.5% in the first quarter. Minneapolis Portfolio Management Group LLC now owns 98,297 shares of the aircraft producer's stock worth $16,765,000 after buying an additional 504 shares during the last quarter. Lee Danner & Bass Inc. lifted its position in shares of Boeing by 1.2% in the first quarter. Lee Danner & Bass Inc. now owns 28,080 shares of the aircraft producer's stock worth $4,789,000 after buying an additional 344 shares during the last quarter. Vickerman Investment Advisors Inc. lifted its position in shares of Boeing by 0.5% in the first quarter. Vickerman Investment Advisors Inc. now owns 15,518 shares of the aircraft producer's stock worth $2,647,000 after buying an additional 76 shares during the last quarter. Finally, Core Alternative Capital lifted its position in shares of Boeing by 6.1% in the first quarter. Core Alternative Capital now owns 2,166 shares of the aircraft producer's stock worth $369,000 after buying an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.

Insider Transactions at Boeing

In other Boeing news, EVP David Christopher Raymond sold 3,899 shares of the company's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the transaction, the executive vice president owned 42,513 shares of the company's stock, valued at approximately $7,950,356.13. This represents a 8.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the company's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total value of $650,198.35. Following the transaction, the executive vice president directly owned 20,513 shares in the company, valued at approximately $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 7,744 shares of company stock valued at $1,511,370 in the last three months. 0.09% of the stock is owned by corporate insiders.

Boeing Stock Performance

NYSE BA traded down $0.08 during trading on Tuesday, reaching $218.55. 6,762,997 shares of the company traded hands, compared to its average volume of 9,469,975. The company has a market cap of $164.79 billion, a price-to-earnings ratio of -12.20 and a beta of 1.41. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $219.94. The stock's 50 day moving average price is $202.86 and its two-hundred day moving average price is $181.73.

Boeing (NYSE:BA - Get Free Report) last announced its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS 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 analyst estimates of $19.57 billion. The firm's revenue was up 17.7% compared to the same quarter last year. During the same period in the previous year, the firm earned ($1.13) earnings per share. Equities research analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on BA shares. Wall Street Zen lowered Boeing from a "hold" rating to a "sell" rating in a research note on Saturday, May 17th. Wells Fargo & Company reiterated an "underweight" rating on shares of Boeing in a research note on Thursday, May 22nd. The Goldman Sachs Group set a $212.00 price objective on Boeing and gave the stock a "buy" rating in a research note on Thursday, June 12th. Citigroup reiterated a "buy" rating on shares of Boeing in a research note on Thursday, May 22nd. Finally, Sanford C. Bernstein upgraded Boeing from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $181.00 to $218.00 in a research note on Monday, April 28th. Four analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, Boeing has a consensus rating of "Moderate Buy" and a consensus price target of $215.77.

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.