Laraway Financial Advisors Inc Sells 153 Shares of The Boeing Company (NYSE:BA)

Laraway Financial Advisors Inc trimmed its holdings in shares of The Boeing Company (NYSE:BA) by 8.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,635 shares of the aircraft producer’s stock after selling 153 shares during the period. Laraway Financial Advisors Inc’s holdings in Boeing were worth $289,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Investment Management Corp of Ontario raised its stake in Boeing by 5.7% in the 4th quarter. Investment Management Corp of Ontario now owns 20,301 shares of the aircraft producer’s stock valued at $3,593,000 after acquiring an additional 1,100 shares during the period. Investor s Fiduciary Advisor Network LLC bought a new stake in Boeing in the 4th quarter valued at about $263,000. KKM Financial LLC raised its stake in Boeing by 50.8% in the 4th quarter. KKM Financial LLC now owns 15,368 shares of the aircraft producer’s stock valued at $2,720,000 after acquiring an additional 5,175 shares during the period. Guardian Wealth Advisors LLC NC raised its stake in Boeing by 2.7% in the 4th quarter. Guardian Wealth Advisors LLC NC now owns 4,443 shares of the aircraft producer’s stock valued at $786,000 after acquiring an additional 116 shares during the period. Finally, Gen Wealth Partners Inc raised its stake in Boeing by 20.6% in the 4th quarter. Gen Wealth Partners Inc now owns 7,515 shares of the aircraft producer’s stock valued at $1,330,000 after acquiring an additional 1,285 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Boeing Price Performance

Shares of NYSE BA opened at $194.53 on Monday. The stock has a market capitalization of $146.68 billion, a P/E ratio of -10.62 and a beta of 1.41. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $203.62. The business has a fifty day moving average price of $167.01 and a 200 day moving average price of $166.99.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.39) by $0.90. The company had revenue of $19.50 billion for the quarter, compared to analysts’ expectations of $19.57 billion. During the same quarter last year, the company earned ($1.13) earnings per share. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. As a group, equities research analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the 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 of the company’s stock, valued at approximately $3,471,596.97. This represents a 14.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP David Christopher Raymond sold 3,899 shares of Boeing stock in a transaction that occurred on 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 represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.09% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on BA shares. Citigroup boosted their price objective on Boeing from $210.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, April 24th. Melius raised Boeing from a “hold” rating to a “buy” rating in a report on Monday, March 24th. Melius Research set a $204.00 price objective on Boeing in a report on Monday, March 24th. Wells Fargo & Company reissued an “underweight” rating and set a $140.00 price objective (up previously from $111.00) on shares of Boeing in a report on Wednesday, April 23rd. Finally, Sanford C. Bernstein raised Boeing from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $181.00 to $218.00 in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.