Triumph Capital Management Sells 1,291 Shares of The Boeing Company (NYSE:BA)

Triumph Capital Management decreased its position in shares of The Boeing Company (NYSE:BA - Free Report) by 13.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,266 shares of the aircraft producer's stock after selling 1,291 shares during the quarter. Triumph Capital Management's holdings in Boeing were worth $1,410,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wood Tarver Financial Group LLC grew its holdings in Boeing by 14.3% during the first quarter. Wood Tarver Financial Group LLC now owns 439 shares of the aircraft producer's stock worth $75,000 after buying an additional 55 shares in the last quarter. Byrne Financial Freedom LLC grew its holdings in Boeing by 3.0% during the first quarter. Byrne Financial Freedom LLC now owns 1,993 shares of the aircraft producer's stock worth $340,000 after buying an additional 58 shares in the last quarter. HighPoint Advisor Group LLC grew its holdings in Boeing by 0.3% during the first quarter. HighPoint Advisor Group LLC now owns 19,657 shares of the aircraft producer's stock worth $3,578,000 after buying an additional 58 shares in the last quarter. Trek Financial LLC boosted its position in Boeing by 2.7% in the fourth quarter. Trek Financial LLC now owns 2,307 shares of the aircraft producer's stock worth $408,000 after purchasing an additional 60 shares during the last quarter. Finally, Colonial Trust Co SC boosted its position in Boeing by 6.1% in the fourth quarter. Colonial Trust Co SC now owns 1,042 shares of the aircraft producer's stock worth $184,000 after purchasing an additional 60 shares during the last quarter. Institutional investors own 64.82% of the company's stock.

Boeing Stock Up 0.8%

Shares of Boeing stock traded up $1.75 during trading on Friday, hitting $233.02. 4,613,746 shares of the stock traded hands, compared to its average volume of 7,181,941. The stock has a market cap of $175.70 billion, a price-to-earnings ratio of -13.00 and a beta of 1.41. The firm's fifty day moving average is $213.01 and its 200-day moving average is $186.75. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $235.27.

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

Insiders Place Their Bets

In other news, SVP Brendan J. Nelson sold 640 shares of Boeing 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 sale, the senior vice president directly owned 13,258 shares in the company, valued at approximately $2,734,860.24. This trade represents a 4.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing 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 sale, the executive vice president owned 20,513 shares in the company, valued at approximately $4,161,472.31. This 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. Company insiders own 0.09% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on BA. JPMorgan Chase & Co. boosted their price objective on Boeing from $200.00 to $230.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Wall Street Zen cut Boeing from a "hold" rating to a "sell" rating in a research report on Saturday, May 17th. Benchmark cut their price objective on Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. TD Securities cut Boeing to a "cautious" rating in a research report on Thursday, May 22nd. Finally, The Goldman Sachs Group set a $212.00 price objective on Boeing and gave the stock a "buy" rating in a research report on Thursday, June 12th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.