Yousif Capital Management LLC Sells 1,925 Shares of The Boeing Company (NYSE:BA)

Yousif Capital Management LLC trimmed its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 2.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 78,621 shares of the aircraft producer's stock after selling 1,925 shares during the quarter. Yousif Capital Management LLC's holdings in Boeing were worth $13,409,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of BA. Amundi raised its stake in Boeing by 473.6% during the fourth quarter. Amundi now owns 1,565,337 shares of the aircraft producer's stock worth $268,862,000 after acquiring an additional 1,292,417 shares in the last quarter. KKM Financial LLC raised its holdings in shares of Boeing by 50.8% during the fourth quarter. KKM Financial LLC now owns 15,368 shares of the aircraft producer's stock valued at $2,720,000 after purchasing an additional 5,175 shares during the period. Wynn Capital LLC bought a new stake in shares of Boeing during the first quarter worth about $584,000. Grant Private Wealth Management Inc bought a new stake in shares of Boeing in the 4th quarter worth $903,000. Finally, Winslow Asset Management Inc. grew its holdings in shares of Boeing by 8.2% in the fourth 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 in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Boeing

In other Boeing news, SVP Brendan J. Nelson sold 640 shares of the firm's stock in a transaction dated 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 now owns 13,258 shares of the company's stock, valued at $2,734,860.24. This trade represents a 4.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP David Christopher Raymond sold 3,899 shares of the 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 transaction, the executive vice president now directly owns 42,513 shares in the company, valued at approximately $7,950,356.13. This represents a 8.40% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,744 shares of company stock valued at $1,511,370. 0.09% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently commented on BA. Morgan Stanley restated an "equal weight" rating on shares of Boeing in a research note on Thursday, May 22nd. Benchmark lowered their target price on Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a research note on Monday, April 21st. Wall Street Zen downgraded Boeing from a "hold" rating to a "sell" rating in a report on Saturday, May 17th. Susquehanna reissued a "positive" rating and set a $240.00 price objective (up from $205.00) on shares of Boeing in a report on Wednesday, May 14th. Finally, Wells Fargo & Company restated an "underweight" rating on shares of Boeing in a research report on Thursday, May 22nd. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $209.35.

Boeing Stock Down 4.9%

Shares of Boeing stock traded down $10.43 during trading on Thursday, hitting $203.57. The stock had a trading volume of 22,484,080 shares, compared to its average volume of 9,313,022. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $218.80. The stock has a 50 day simple moving average of $186.41 and a 200 day simple moving average of $176.08. The company has a market capitalization of $153.49 billion, a PE ratio of -11.11 and a beta of 1.43.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates of $19.57 billion. The company's revenue was up 17.7% on a year-over-year basis. During the same period last year, the company earned ($1.13) EPS. As a group, equities analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

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.