Western Wealth Management LLC Lowers Stock Holdings in The Boeing Company (NYSE:BA)

Western Wealth Management LLC decreased its position in shares of The Boeing Company (NYSE:BA - Free Report) by 86.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,396 shares of the aircraft producer's stock after selling 8,633 shares during the quarter. Western Wealth Management LLC's holdings in Boeing were worth $247,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of BA. Amundi increased its holdings in Boeing by 473.6% in the 4th quarter. Amundi now owns 1,565,337 shares of the aircraft producer's stock valued at $268,862,000 after acquiring an additional 1,292,417 shares during the last quarter. KKM Financial LLC increased its holdings in Boeing by 50.8% in the 4th quarter. KKM Financial LLC now owns 15,368 shares of the aircraft producer's stock valued at $2,720,000 after acquiring an additional 5,175 shares during the last quarter. Grant Private Wealth Management Inc bought a new stake in Boeing in the 4th quarter valued at $903,000. Tandem Capital Management Corp ADV increased its holdings in Boeing by 65.2% in the 4th quarter. Tandem Capital Management Corp ADV now owns 13,815 shares of the aircraft producer's stock valued at $2,445,000 after acquiring an additional 5,451 shares during the last quarter. Finally, Winslow Asset Management Inc. increased its holdings in Boeing by 8.2% in the 4th quarter. Winslow Asset Management Inc. now owns 40,761 shares of the aircraft producer's stock valued at $7,215,000 after acquiring an additional 3,096 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on BA. Cowen reiterated a "buy" rating on shares of Boeing in a report on Wednesday, May 7th. Susquehanna restated a "positive" rating and issued a $240.00 target price (up from $205.00) on shares of Boeing in a report on Wednesday, May 14th. UBS Group boosted their target price on shares of Boeing from $207.00 to $226.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Melius upgraded shares of Boeing from a "hold" rating to a "buy" rating in a report on Monday, March 24th. Finally, Sanford C. Bernstein upgraded shares of Boeing from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $181.00 to $218.00 in a report on Monday, April 28th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $204.35.

Boeing Trading Down 0.5%

Shares of NYSE:BA opened at $202.49 on Friday. The company has a market capitalization of $152.68 billion, a price-to-earnings ratio of -11.05 and a beta of 1.41. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $209.66. The firm's 50-day moving average is $176.17 and its 200 day moving average is $170.49.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating 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. Boeing'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. As a group, equities analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Buying and Selling at Boeing

In related news, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total transaction of $650,198.35. Following the transaction, the executive vice president now directly owns 20,513 shares of the company's stock, valued at $4,161,472.31. This trade represents a 13.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP David Christopher Raymond sold 3,899 shares of Boeing stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 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. Insiders sold a total of 7,744 shares of company stock valued at $1,511,370 in the last three months. Company insiders own 0.09% of the company's stock.

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.

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