The Boeing Company (NYSE:BA) Shares Sold by Laird Norton Wetherby Wealth Management LLC

Laird Norton Wetherby Wealth Management LLC reduced its stake in The Boeing Company (NYSE:BA - Free Report) by 21.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 7,933 shares of the aircraft producer's stock after selling 2,103 shares during the quarter. Laird Norton Wetherby Wealth Management LLC's holdings in Boeing were worth $1,404,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BA. AdvisorNet Financial Inc increased its stake in shares of Boeing by 54.2% during the fourth quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer's stock worth $358,000 after buying an additional 710 shares during the period. Carnegie Investment Counsel lifted its stake in Boeing by 175.6% during the fourth quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer's stock worth $818,000 after purchasing an additional 2,943 shares during the last quarter. Amundi grew its holdings 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 during the period. KKM Financial LLC raised its position in Boeing by 50.8% in the fourth quarter. KKM Financial LLC now owns 15,368 shares of the aircraft producer's stock worth $2,720,000 after acquiring an additional 5,175 shares in the last quarter. Finally, Grant Private Wealth Management Inc purchased a new stake in shares of Boeing during the 4th quarter worth $903,000. Hedge funds and other institutional investors own 64.82% of the company's stock.

Analysts Set New Price Targets

BA has been the subject of a number of research analyst reports. Royal Bank of Canada reiterated an "outperform" rating and issued a $200.00 price target on shares of Boeing in a report on Wednesday, April 23rd. JPMorgan Chase & Co. increased their target price on shares of Boeing from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Sanford C. Bernstein raised Boeing from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $181.00 to $218.00 in a research note on Monday, April 28th. Morgan Stanley upped their price target on Boeing from $185.00 to $200.00 and gave the stock an "equal weight" rating in a report on Friday. Finally, TD Securities reiterated a "buy" rating and set a $180.00 target price on shares of Boeing in a research report on Thursday, April 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $204.35.

Boeing Stock Down 0.2%

Shares of BA stock traded down $0.36 during mid-day trading on Friday, hitting $205.88. 8,432,495 shares of the company's stock were exchanged, compared to its average volume of 9,201,622. The stock has a market cap of $155.23 billion, a price-to-earnings ratio of -11.24 and a beta of 1.41. The stock has a 50-day simple moving average of $170.78 and a two-hundred day simple moving average of $168.18. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $209.66.

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 business had revenue of $19.50 billion during the quarter, compared to analysts' expectations of $19.57 billion. The firm's quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($1.13) EPS. As a group, analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Activity at Boeing

In other news, EVP David Christopher Raymond sold 3,899 shares of Boeing stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $187.01, for a total value of $729,151.99. Following the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the business's stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total value of $650,198.35. Following the sale, the executive vice president now owns 20,513 shares of the company's stock, valued at $4,161,472.31. The trade was a 13.51% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,263 shares of company stock worth $1,950,150. 0.09% of the stock is owned by company insiders.

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.