Wesleyan Assurance Society Sells 13,750 Shares of The Boeing Company (NYSE:BA)

Wesleyan Assurance Society decreased its holdings in The Boeing Company (NYSE:BA - Free Report) by 17.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 66,500 shares of the aircraft producer's stock after selling 13,750 shares during the period. Wesleyan Assurance Society's holdings in Boeing were worth $11,344,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. American National Bank & Trust increased its stake in shares of Boeing by 474.1% during the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock worth $26,000 after purchasing an additional 128 shares during the period. REAP Financial Group LLC grew its position in Boeing by 60.2% during the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock worth $31,000 after buying an additional 65 shares in the last quarter. Dogwood Wealth Management LLC boosted its holdings in shares of Boeing by 167.2% in 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 in the last quarter. Solstein Capital LLC bought a new position in shares of Boeing in the 4th quarter valued at $33,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Boeing in the 4th quarter valued at $33,000. Institutional investors own 64.82% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on BA shares. Sanford C. Bernstein reiterated an "outperform" rating on shares of Boeing in a research note on Monday, July 14th. Wall Street Zen lowered Boeing from a "hold" rating to a "sell" rating in a research report on Saturday, May 17th. Bank of America raised Boeing from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $185.00 to $260.00 in a research report on Monday, June 2nd. Susquehanna restated a "positive" rating on shares of Boeing in a research note on Monday, July 14th. Finally, Wells Fargo & Company reiterated an "underweight" rating on shares of Boeing in a research note on Thursday, May 22nd. Four investment analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $221.55.

Insider Buying and Selling at Boeing

In other news, EVP Jeffrey S. Shockey sold 3,205 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total value of $650,198.35. Following the transaction, the executive vice president owned 20,513 shares of the company's stock, valued at approximately $4,161,472.31. This represents a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP David Christopher Raymond sold 3,899 shares of the company's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the completion of the transaction, 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 position. 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 90 days. 0.09% of the stock is currently owned by company insiders.

Boeing Stock Down 1.1%

Boeing stock traded down $2.60 during trading on Thursday, hitting $231.28. The stock had a trading volume of 4,040,693 shares, compared to its average volume of 8,562,621. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $235.27. The stock's 50 day moving average is $211.97 and its two-hundred day moving average is $185.92. The stock has a market cap of $174.39 billion, a price-to-earnings ratio of -12.91 and a beta of 1.41.

Boeing (NYSE:BA - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.39) by $0.90. The business had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.57 billion. During the same period in the previous year, the firm earned ($1.13) EPS. The company's revenue was up 17.7% compared to the same quarter last year. As a group, equities research analysts anticipate that The Boeing Company will post -2.58 EPS 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.