Kingsview Wealth Management LLC Lowers Stake in The Boeing Company (NYSE:BA)

Kingsview Wealth Management LLC lessened its position in shares of The Boeing Company (NYSE:BA - Free Report) by 8.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,563 shares of the aircraft producer's stock after selling 2,093 shares during the quarter. Kingsview Wealth Management LLC's holdings in Boeing were worth $3,678,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Boeing by 24.4% in the fourth quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock valued at $11,406,361,000 after buying an additional 12,641,715 shares during the period. Geode Capital Management LLC increased its holdings in shares of Boeing by 29.5% in the fourth quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock worth $2,677,170,000 after acquiring an additional 3,452,075 shares in the last quarter. Northern Trust Corp increased its holdings in shares of Boeing by 33.6% in the fourth quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer's stock worth $1,151,316,000 after acquiring an additional 1,634,231 shares in the last quarter. Castlekeep Investment Advisors LLC bought a new stake in shares of Boeing in the fourth quarter worth about $568,000. Finally, Alyeska Investment Group L.P. bought a new stake in shares of Boeing in the fourth quarter worth about $526,889,000. Institutional investors and hedge funds own 64.82% of the company's stock.

Boeing Trading Down 0.7%

BA stock traded down $1.51 during midday trading on Friday, hitting $229.49. The company's stock had a trading volume of 5,968,167 shares, compared to its average volume of 9,597,328. The company has a market cap of $173.04 billion, a PE ratio of -12.81 and a beta of 1.41. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $233.61. The firm's 50-day moving average is $210.26 and its 200-day moving average is $184.78.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, topping the consensus estimate 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. During the same quarter last year, the company earned ($1.13) earnings per share. The company's revenue for the quarter was up 17.7% on a year-over-year basis. Analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Transactions at Boeing

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 directly owned 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 David Christopher Raymond sold 3,899 shares of the company's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $187.01, for a total transaction of $729,151.99. Following the completion of the sale, the executive vice president directly owned 42,513 shares in the company, valued at approximately $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. Over the last ninety days, insiders sold 7,744 shares of company stock worth $1,511,370. Company insiders own 0.09% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Bank of America raised Boeing from a "neutral" rating to a "buy" rating and upped their price target for the stock from $185.00 to $260.00 in a research report on Monday, June 2nd. Melius Research set a $204.00 price target on Boeing in a research note on Monday, March 24th. UBS Group raised their price target on Boeing from $207.00 to $226.00 and gave the company a "buy" rating in a research note on Friday, May 9th. JPMorgan Chase & Co. raised their price target on Boeing from $200.00 to $230.00 and gave the company an "overweight" rating in a research note on Wednesday. Finally, Wall Street Zen downgraded Boeing from a "hold" rating to a "sell" rating in a research note on Saturday, May 17th. Four analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Boeing presently has an average rating of "Moderate Buy" and an average price target of $221.55.

About Boeing

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.