Valeo Financial Advisors LLC Has $9.15 Million Position in The Boeing Company (NYSE:BA)

Valeo Financial Advisors LLC decreased its position in The Boeing Company (NYSE:BA - Free Report) by 3.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 53,621 shares of the aircraft producer's stock after selling 2,113 shares during the quarter. Valeo Financial Advisors LLC's holdings in Boeing were worth $9,145,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Brown Advisory Inc. grew its position in shares of Boeing by 0.6% in the first quarter. Brown Advisory Inc. now owns 40,261 shares of the aircraft producer's stock valued at $6,866,000 after purchasing an additional 258 shares during the last quarter. Davidson Investment Advisors grew its position in Boeing by 1.4% during the first quarter. Davidson Investment Advisors now owns 87,487 shares of the aircraft producer's stock worth $14,921,000 after buying an additional 1,230 shares in the last quarter. Jessup Wealth Management Inc grew its position in Boeing by 96.4% during the first quarter. Jessup Wealth Management Inc now owns 3,431 shares of the aircraft producer's stock worth $585,000 after buying an additional 1,684 shares in the last quarter. Interchange Capital Partners LLC acquired a new stake in Boeing during the first quarter worth approximately $264,000. Finally, Crossmark Global Holdings Inc. grew its position in Boeing by 1.4% during the first quarter. Crossmark Global Holdings Inc. now owns 13,688 shares of the aircraft producer's stock worth $2,334,000 after buying an additional 185 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Wall Street Analyst Weigh In

BA has been the topic of a number of analyst reports. Melius Research set a $204.00 price target on Boeing in a research report on Monday, March 24th. Wall Street Zen downgraded Boeing from a "hold" rating to a "sell" rating in a research report on Saturday, May 17th. Citigroup reissued a "buy" rating on shares of Boeing in a research report on Thursday, May 22nd. Sanford C. Bernstein raised Boeing from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $181.00 to $218.00 in a research report on Monday, April 28th. Finally, The Goldman Sachs Group set a $212.00 target price on Boeing and gave the stock a "buy" rating in a research note on Thursday, June 12th. 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $215.77.

Insider Activity at Boeing

In related news, SVP Brendan J. Nelson sold 640 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $206.28, for a total value of $132,019.20. Following the completion of the sale, the senior vice president directly owned 13,258 shares in the company, valued at $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 SEC, which is available at this hyperlink. Also, 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 completion of 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 disclosure for this sale can be found here. Insiders sold 7,744 shares of company stock worth $1,511,370 over the last three months. Company insiders own 0.09% of the company's stock.

Boeing Stock Performance

Shares of BA traded down $0.08 during trading hours on Tuesday, reaching $218.55. The stock had a trading volume of 6,762,997 shares, compared to its average volume of 9,471,586. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $219.94. The stock has a market capitalization of $164.79 billion, a PE ratio of -12.20 and a beta of 1.41. The company's 50-day moving average is $202.86 and its two-hundred day moving average is $181.73.

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

Boeing Company 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.