The Boeing Company (NYSE:BA) Shares Sold by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC decreased its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 15.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,678 shares of the aircraft producer's stock after selling 1,444 shares during the quarter. Wealthcare Advisory Partners LLC's holdings in Boeing were worth $1,309,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Revolve Wealth Partners LLC bought a new position in Boeing during the 4th quarter worth about $201,000. Empowered Funds LLC raised its position in shares of Boeing by 35.1% in the 4th quarter. Empowered Funds LLC now owns 20,280 shares of the aircraft producer's stock valued at $3,590,000 after purchasing an additional 5,274 shares during the last quarter. Beacon Financial Group acquired a new stake in shares of Boeing during the fourth quarter worth $221,000. Gladstone Institutional Advisory LLC grew its stake in Boeing by 52.1% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 13,941 shares of the aircraft producer's stock valued at $2,468,000 after purchasing an additional 4,774 shares during the last quarter. Finally, Avidian Wealth Enterprises LLC boosted its position in Boeing by 4.2% in the fourth quarter. Avidian Wealth Enterprises LLC now owns 4,280 shares of the aircraft producer's stock valued at $758,000 after buying an additional 171 shares during the last quarter. Institutional investors own 64.82% of the company's stock.

Boeing Price Performance

Shares of Boeing stock traded down $3.54 on Friday, reaching $200.21. 16,066,055 shares of the company were exchanged, compared to its average volume of 9,385,115. The stock's 50 day moving average price is $187.71 and its 200-day moving average price is $176.42. The company has a market cap of $150.96 billion, a P/E ratio of -10.93 and a beta of 1.43. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $218.80.

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

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Susquehanna reaffirmed a "positive" rating and set a $240.00 price target (up from $205.00) on shares of Boeing in a research report on Wednesday, May 14th. Melius Research set a $204.00 price objective on Boeing in a research note on Monday, March 24th. Jefferies Financial Group increased their price objective on shares of Boeing from $230.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 4th. Morgan Stanley reiterated an "equal weight" rating and set a $200.00 price target on shares of Boeing in a report on Thursday. Finally, TD Securities lowered Boeing to a "cautious" rating in a research report on Thursday, May 22nd. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Boeing currently has a consensus rating of "Moderate Buy" and a consensus target price of $209.85.

Insider Buying and Selling

In other news, SVP Brendan J. Nelson sold 640 shares of Boeing 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 now directly owns 13,258 shares of the company's stock, valued at $2,734,860.24. The trade was a 4.60% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP David Christopher Raymond sold 3,899 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 42,513 shares of the company's stock, valued at $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. Insiders have sold 7,744 shares of company stock worth $1,511,370 in the last ninety days. 0.09% of the stock is owned by corporate insiders.

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.