The Boeing Company (NYSE:BA) Shares Sold by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC cut its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 3.8% during the first quarter, according to its most recent disclosure 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BA. Vanguard Group Inc. boosted its holdings in Boeing by 24.4% in the 4th quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock valued at $11,406,361,000 after purchasing an additional 12,641,715 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Boeing by 29.5% in the 4th quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock valued at $2,677,170,000 after purchasing an additional 3,452,075 shares during the last quarter. Northern Trust Corp boosted its holdings in Boeing by 33.6% in the 4th quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer's stock valued at $1,151,316,000 after purchasing an additional 1,634,231 shares during the last quarter. Castlekeep Investment Advisors LLC acquired a new position in Boeing in the 4th quarter valued at about $568,000. Finally, Alyeska Investment Group L.P. acquired a new position in Boeing in the 4th quarter valued at about $526,889,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BA shares. Redburn Atlantic raised shares of Boeing from a "hold" rating to a "strong-buy" rating and boosted their price target for the company from $180.00 to $275.00 in a research note on Friday, June 27th. Wells Fargo & Company reissued an "underweight" rating on shares of Boeing in a research note on Thursday, May 22nd. Cowen reissued a "buy" rating on shares of Boeing in a research note on Wednesday, May 7th. Benchmark reduced their price target on shares of Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a research note on Monday, April 21st. Finally, Citigroup reissued a "buy" rating on shares of Boeing in a research note on Thursday, May 22nd. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $216.32.

Boeing Stock Performance

Shares of NYSE:BA traded up $0.59 during trading hours on Friday, reaching $226.68. The stock had a trading volume of 6,527,919 shares, compared to its average volume of 9,537,363. The firm's 50 day moving average is $206.14 and its 200-day moving average is $182.96. The stock has a market capitalization of $170.92 billion, a price-to-earnings ratio of -12.65 and a beta of 1.41. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $231.50.

Boeing (NYSE:BA - Get Free Report) last posted its 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 company had revenue of $19.50 billion during the quarter, compared to analysts' expectations of $19.57 billion. The company's quarterly revenue was up 17.7% on a year-over-year basis. During the same period last year, the business earned ($1.13) earnings per share. Analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

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 shares were sold at an average price of $206.28, for a total value of $132,019.20. Following the transaction, the senior vice president directly owned 13,258 shares of the company's stock, valued at $2,734,860.24. This trade represents a 4.60% decrease in their position. 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 the 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 completion of the transaction, the executive vice president directly owned 20,513 shares in the company, valued at $4,161,472.31. This trade represents a 13.51% decrease in their ownership of the stock. 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 ninety days. Insiders own 0.09% of the company's stock.

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.