Full Sail Capital LLC Sells 2,315 Shares of The Boeing Company (NYSE:BA)

Full Sail Capital LLC lessened its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 54.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,932 shares of the aircraft producer's stock after selling 2,315 shares during the quarter. Full Sail Capital LLC's holdings in Boeing were worth $342,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Sierra Ocean LLC bought a new stake in Boeing in the fourth quarter worth approximately $26,000. Sugar Maple Asset Management LLC bought a new stake in shares of Boeing during the 4th quarter worth $27,000. Fiduciary Advisors Inc. bought a new stake in shares of Boeing during the 4th quarter worth $28,000. HighMark Wealth Management LLC boosted its holdings in shares of Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock worth $29,000 after buying an additional 90 shares during the period. Finally, Anfield Capital Management LLC boosted its holdings in shares of Boeing by 113.1% during the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after buying an additional 95 shares during the period. Institutional investors own 64.82% of the company's stock.

Boeing Stock Performance

Shares of BA stock traded up $2.83 during mid-day trading on Friday, reaching $194.53. The company's stock had a trading volume of 7,653,112 shares, compared to its average volume of 9,097,826. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $196.95. The company has a market cap of $146.68 billion, a P/E ratio of -10.62 and a beta of 1.41. The firm's 50-day moving average is $167.01 and its two-hundred day moving average is $166.99.

Boeing (NYSE:BA - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, topping 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. The firm's revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($1.13) EPS. Sell-side analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Insider Buying and Selling at Boeing

In other news, EVP David Christopher Raymond sold 3,899 shares of the firm's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $187.01, for a total value of $729,151.99. Following the transaction, the executive vice president now owns 42,513 shares of the company's stock, valued at approximately $7,950,356.13. This trade represents a 8.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the transaction, the executive vice president now directly owns 19,213 shares in the company, valued at $3,471,596.97. The trade was a 14.12% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.09% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on BA shares. Benchmark decreased their price objective on shares of Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a report on Monday, April 21st. Susquehanna upped their price objective on shares of Boeing from $200.00 to $205.00 and gave the stock a "positive" rating in a report on Wednesday, January 29th. Citigroup upped their price objective on shares of Boeing from $210.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday, April 24th. Cowen reaffirmed a "buy" rating on shares of Boeing in a report on Wednesday. Finally, Wells Fargo & Company reaffirmed an "underweight" rating and set a $140.00 price objective (up from $111.00) on shares of Boeing in a report on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $201.85.

Boeing Company 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.