The Boeing Company (NYSE:BA) Shares Sold by Pathstone Holdings LLC

Pathstone Holdings LLC cut its position in shares of The Boeing Company (NYSE:BA - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 81,742 shares of the aircraft producer's stock after selling 2,436 shares during the quarter. Pathstone Holdings LLC's holdings in Boeing were worth $14,470,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Sierra Ocean LLC acquired a new position in shares of Boeing during the 4th quarter valued at $26,000. Sugar Maple Asset Management LLC acquired a new position in shares of Boeing during the 4th quarter valued at $27,000. Fiduciary Advisors Inc. acquired a new position in shares of Boeing during the 4th quarter valued at $28,000. HighMark Wealth Management LLC increased its position 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 valued at $29,000 after purchasing an additional 90 shares during the period. Finally, Anfield Capital Management LLC increased its position 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 valued at $32,000 after purchasing an additional 95 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Trading Up 0.5%

BA opened at $204.34 on Thursday. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $209.66. The stock has a fifty day moving average price of $169.61 and a 200 day moving average price of $167.80. The stock has a market cap of $154.07 billion, a price-to-earnings ratio of -11.15 and a beta of 1.41.

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, beating the consensus estimate of ($1.39) by $0.90. The company had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.57 billion. During the same quarter last year, the business earned ($1.13) earnings per share. Boeing's quarterly revenue was up 17.7% on a year-over-year basis. As a group, sell-side analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on BA shares. Melius Research set a $204.00 price objective on Boeing in a research note on Monday, March 24th. StockNews.com raised Boeing from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. Royal Bank of Canada reissued an "outperform" rating and set a $200.00 price objective on shares of Boeing in a research note on Wednesday, April 23rd. Benchmark reduced their price objective on Boeing from $250.00 to $215.00 and set a "buy" rating for the company in a research note on Monday, April 21st. Finally, Sanford C. Bernstein raised Boeing from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $181.00 to $218.00 in a research note on Monday, April 28th. 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 company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $203.60.

Insider Buying and Selling at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the transaction, the executive vice president now directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. The trade was a 14.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 completion of the transaction, the executive vice president now owns 42,513 shares in the company, valued at $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. Corporate insiders own 0.09% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.