Wealth Enhancement Advisory Services LLC Decreases Stock Holdings in The Boeing Company (NYSE:BA)

Wealth Enhancement Advisory Services LLC lowered its position in shares of The Boeing Company (NYSE:BA - Free Report) by 29.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 478,859 shares of the aircraft producer's stock after selling 197,333 shares during the quarter. Wealth Enhancement Advisory Services LLC owned about 0.06% of Boeing worth $81,669,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. American National Bank & Trust raised its position in Boeing by 474.1% in the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock worth $26,000 after buying an additional 128 shares during the last quarter. REAP Financial Group LLC increased 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 purchasing an additional 65 shares during the last quarter. Anfield Capital Management LLC increased its position 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 valued at $32,000 after purchasing an additional 95 shares during the last quarter. Dogwood Wealth Management LLC increased 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 purchasing an additional 112 shares during the last quarter. Finally, Solstein Capital LLC purchased a new stake in shares of Boeing during the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 64.82% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Royal Bank Of Canada reaffirmed a "cautious" rating on shares of Boeing in a research report on Thursday, June 12th. Citigroup reaffirmed a "buy" rating on shares of Boeing in a research report on Thursday, May 22nd. Morgan Stanley set a $200.00 price target on shares of Boeing and gave the company an "equal weight" rating in a research report on Thursday, June 12th. Benchmark reduced their price target on shares of Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a research report on Monday, April 21st. Finally, Bank of America raised shares of Boeing from a "neutral" rating to a "buy" rating and upped their price target for the company from $185.00 to $260.00 in a research report on Monday, June 2nd. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Boeing has an average rating of "Moderate Buy" and a consensus target price of $209.85.

Insiders Place Their Bets

In other Boeing news, SVP Brendan J. Nelson sold 640 shares of the company's stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 13,258 shares in the company, valued at $2,734,860.24. This represents a 4.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 20,513 shares of the company's stock, valued at $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. Insiders sold 7,744 shares of company stock worth $1,511,370 in the last three months. 0.09% of the stock is owned by company insiders.

Boeing Stock Up 0.4%

BA stock traded up $0.73 during midday trading on Friday, hitting $198.41. The company's stock had a trading volume of 8,925,908 shares, compared to its average volume of 9,458,101. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $218.80. The firm has a market capitalization of $149.60 billion, a price-to-earnings ratio of -11.07 and a beta of 1.43. The company has a 50 day moving average of $193.38 and a two-hundred day moving average of $178.31.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share 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 the consensus estimate of $19.57 billion. During the same quarter in the previous year, the company earned ($1.13) earnings per share. The company's revenue for the quarter was up 17.7% compared to the same quarter last year. On average, analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

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.