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

Rhumbline Advisers lowered its position in shares of The Boeing Company (NYSE:BA - Free Report) by 1.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,238,661 shares of the aircraft producer's stock after selling 12,527 shares during the period. Rhumbline Advisers owned about 0.16% of Boeing worth $211,254,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of BA. Sierra Ocean LLC purchased a new position in Boeing during the 4th quarter valued at about $26,000. HighMark Wealth Management LLC grew its holdings in shares of Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock worth $29,000 after acquiring an additional 90 shares during the period. REAP Financial Group LLC grew its holdings 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 worth $31,000 after acquiring an additional 65 shares during the period. Anfield Capital Management LLC grew its holdings in shares of Boeing by 113.1% during the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after acquiring an additional 95 shares during the period. Finally, Dogwood Wealth Management LLC grew its holdings 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 worth $32,000 after acquiring an additional 112 shares during the period. Institutional investors own 64.82% of the company's stock.

Insider Activity

In other Boeing news, SVP Brendan J. Nelson sold 640 shares of the company's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total value of $132,019.20. Following the sale, the senior vice president now directly owns 13,258 shares of the company's stock, valued at approximately $2,734,860.24. This represents a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total transaction of $650,198.35. Following the sale, the executive vice president now directly owns 20,513 shares in the company, valued at approximately $4,161,472.31. The trade was a 13.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,744 shares of company stock valued at $1,511,370. Corporate insiders own 0.09% of the company's stock.

Boeing Trading Up 2.0%

Boeing stock traded up $4.10 during trading on Monday, reaching $211.42. The company had a trading volume of 7,554,062 shares, compared to its average volume of 9,229,073. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $212.30. The firm has a market capitalization of $159.41 billion, a price-to-earnings ratio of -11.54 and a beta of 1.41. The firm's 50-day simple moving average is $178.83 and its 200 day simple moving average is $172.69.

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

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BA. TD Securities downgraded Boeing to a "cautious" rating in a report on Thursday, May 22nd. Melius Research set a $204.00 target price on Boeing in a report on Monday, March 24th. Morgan Stanley reiterated an "equal weight" rating on shares of Boeing in a report on Thursday, May 22nd. Wall Street Zen downgraded Boeing from a "hold" rating to a "sell" rating in a report on Saturday, May 17th. Finally, Royal Bank of Canada restated an "outperform" rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday, April 23rd. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $207.35.

Boeing 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.