Snowden Capital Advisors LLC Decreases Position in The Boeing Company (NYSE:BA)

Snowden Capital Advisors LLC reduced its stake in The Boeing Company (NYSE:BA - Free Report) by 19.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,565 shares of the aircraft producer's stock after selling 4,285 shares during the period. Snowden Capital Advisors LLC's holdings in Boeing were worth $3,109,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Keynote Financial Services LLC boosted its stake in Boeing by 3.8% in the fourth quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer's stock valued at $273,000 after acquiring an additional 57 shares during the last quarter. Chaney Capital Management Inc. increased its stake in shares of Boeing by 2.1% during the 4th quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer's stock worth $508,000 after purchasing an additional 58 shares during the last quarter. Farmers & Merchants Investments Inc. increased its stake in shares of Boeing by 0.6% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer's stock worth $1,878,000 after purchasing an additional 59 shares during the last quarter. Center for Financial Planning Inc. increased its stake in shares of Boeing by 12.0% during the 4th quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer's stock worth $99,000 after purchasing an additional 60 shares during the last quarter. Finally, Trek Financial LLC increased its stake in shares of Boeing by 2.7% during the 4th quarter. Trek Financial LLC now owns 2,307 shares of the aircraft producer's stock worth $408,000 after purchasing an additional 60 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on BA shares. Cowen restated a "buy" rating on shares of Boeing in a research note on Wednesday, May 7th. Sanford C. Bernstein upgraded shares of Boeing from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $181.00 to $218.00 in a research note on Monday, April 28th. StockNews.com lowered shares of Boeing from a "hold" rating to a "sell" rating in a research note on Saturday. Royal Bank of Canada restated an "outperform" rating and set a $200.00 price target on shares of Boeing in a research note on Wednesday, April 23rd. Finally, UBS Group raised their price target on shares of Boeing from $207.00 to $226.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Boeing presently has an average rating of "Moderate Buy" and an average target price of $204.35.

Insider Activity

In other news, SVP Brendan J. Nelson sold 640 shares of the firm's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total transaction of $132,019.20. Following the sale, the senior vice president now owns 13,258 shares in the company, valued at approximately $2,734,860.24. This trade represents a 4.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP David Christopher Raymond sold 3,899 shares of Boeing 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 now owns 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. In the last quarter, insiders have sold 10,903 shares of company stock worth $2,082,169. 0.09% of the stock is currently owned by corporate insiders.

Boeing Price Performance

NYSE:BA traded down $0.61 during trading hours on Monday, hitting $205.21. The stock had a trading volume of 5,725,523 shares, compared to its average volume of 9,211,583. The company has a 50 day simple moving average of $171.81 and a two-hundred day simple moving average of $168.78. The Boeing Company has a one year low of $128.88 and a one year high of $209.66. The firm has a market capitalization of $154.73 billion, a price-to-earnings ratio of -11.20 and a beta of 1.41.

Boeing (NYSE:BA - Get Free Report) last announced 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 the consensus estimate of $19.57 billion. During the same period in the previous year, the business earned ($1.13) earnings per share. The firm's revenue for the quarter was up 17.7% on a year-over-year basis. Equities research analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current 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.