Retirement Solution LLC Sells 2,035 Shares of The Boeing Company (NYSE:BA)

Retirement Solution LLC cut its position in The Boeing Company (NYSE:BA - Free Report) by 61.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,268 shares of the aircraft producer's stock after selling 2,035 shares during the quarter. Retirement Solution LLC's holdings in Boeing were worth $224,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in shares of Boeing by 6.1% in the third quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer's stock valued at $101,296,000 after buying an additional 38,332 shares during the period. Equitable Trust Co. increased its stake in shares of Boeing by 810.6% in the third quarter. Equitable Trust Co. now owns 25,133 shares of the aircraft producer's stock valued at $3,821,000 after buying an additional 22,373 shares during the period. CWA Asset Management Group LLC acquired a new stake in shares of Boeing in the third quarter valued at about $334,000. SpiderRock Advisors LLC increased its stake in shares of Boeing by 49.0% in the third quarter. SpiderRock Advisors LLC now owns 86,115 shares of the aircraft producer's stock valued at $13,093,000 after buying an additional 28,317 shares during the period. Finally, Shoker Investment Counsel Inc. increased its stake in shares of Boeing by 3.9% in the third quarter. Shoker Investment Counsel Inc. now owns 2,783 shares of the aircraft producer's stock valued at $423,000 after buying an additional 104 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Boeing Price Performance

Shares of BA stock traded up $0.25 during trading hours on Thursday, reaching $159.05. The company had a trading volume of 5,683,471 shares, compared to its average volume of 8,656,470. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $196.95. The business has a fifty day simple moving average of $173.64 and a 200-day simple moving average of $163.80. The company has a market cap of $119.30 billion, a price-to-earnings ratio of -8.68 and a beta of 1.53.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts' consensus estimates of ($1.60) by ($4.30). During the same period last year, the company posted ($0.47) earnings per share. On average, equities research analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction 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 sale, the executive vice president now directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.16% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on BA shares. Deutsche Bank Aktiengesellschaft increased their price target on Boeing from $184.00 to $215.00 and gave the company a "buy" rating in a research note on Thursday, January 2nd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 target price on shares of Boeing in a research note on Wednesday, January 29th. StockNews.com raised Boeing to a "sell" rating in a research note on Wednesday. Citigroup raised their target price on Boeing from $207.00 to $210.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. Finally, Wells Fargo & Company raised their target price on Boeing from $85.00 to $103.00 and gave the stock an "underweight" rating in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Boeing has a consensus rating of "Moderate Buy" and an average price target of $195.16.

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.