The Boeing Company (NYSE:BA) Stake Trimmed by WFA Asset Management Corp

WFA Asset Management Corp lessened its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 92.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 266 shares of the aircraft producer's stock after selling 3,439 shares during the period. WFA Asset Management Corp's holdings in Boeing were worth $45,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of BA. Sierra Ocean LLC acquired a new position in Boeing in the 4th quarter worth approximately $26,000. American National Bank & Trust lifted its holdings in shares of Boeing by 474.1% in the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock valued at $26,000 after purchasing an additional 128 shares in the last quarter. HighMark Wealth Management LLC boosted its position in shares of Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock worth $29,000 after buying an additional 90 shares during the period. REAP Financial Group LLC grew its holdings in shares of Boeing by 60.2% during the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock valued at $31,000 after buying an additional 65 shares in the last quarter. Finally, Anfield Capital Management LLC raised its position in Boeing by 113.1% during the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after buying an additional 95 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Trading Up 1.0%

BA stock opened at $211.03 on Monday. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $215.80. The business's 50 day simple moving average is $182.59 and its 200 day simple moving average is $175.06. The firm has a market capitalization of $159.12 billion, a PE ratio of -11.52 and a beta of 1.43.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, topping analysts' consensus estimates of ($1.39) by $0.90. The company had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.57 billion. The company's revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period last year, the firm earned ($1.13) earnings per share. As a group, sell-side analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Activity at Boeing

In related news, EVP David Christopher Raymond sold 3,899 shares of the business's stock in a transaction on Friday, May 2nd. The stock was 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 now directly owns 42,513 shares in the company, valued at $7,950,356.13. The trade was a 8.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Brendan J. Nelson sold 640 shares of the firm's 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 transaction, the senior vice president now owns 13,258 shares in the company, valued at approximately $2,734,860.24. This trade represents a 4.60% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,744 shares of company stock worth $1,511,370. Insiders own 0.09% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Royal Bank of Canada restated an "outperform" rating and set a $200.00 price objective on shares of Boeing in a research report on Wednesday, April 23rd. Benchmark lowered their price target on shares of Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a report on Monday, April 21st. Citigroup restated a "buy" rating on shares of Boeing in a report on Thursday, May 22nd. Susquehanna reaffirmed a "positive" rating and issued a $240.00 price objective (up previously from $205.00) on shares of Boeing in a research note on Wednesday, May 14th. Finally, TD Securities downgraded shares of Boeing to a "cautious" rating in a report on Thursday, May 22nd. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $207.85.

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.

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