Standard Family Office LLC Sells 319 Shares of The Boeing Company (NYSE:BA)

Standard Family Office LLC lowered its stake in The Boeing Company (NYSE:BA) by 63.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 185 shares of the aircraft producer’s stock after selling 319 shares during the quarter. Standard Family Office LLC’s holdings in The Boeing were worth $47,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Atlas Capital Advisors LLC bought a new position in shares of The Boeing during the first quarter valued at approximately $25,000. RBA Wealth Management LLC bought a new position in shares of The Boeing during the first quarter valued at approximately $26,000. DB Wealth Management Group LLC bought a new position in shares of The Boeing during the fourth quarter valued at approximately $28,000. Albion Financial Group UT bought a new position in shares of The Boeing during the fourth quarter valued at approximately $30,000. Finally, CNB Bank raised its holdings in shares of The Boeing by 128.3% during the first quarter. CNB Bank now owns 121 shares of the aircraft producer’s stock valued at $31,000 after acquiring an additional 68 shares in the last quarter. Hedge funds and other institutional investors own 53.84% of the company’s stock.

The Boeing stock opened at $248.34 on Friday. The Boeing Company has a one year low of $141.58 and a one year high of $278.57. The stock has a market capitalization of $145.23 billion, a PE ratio of -12.08 and a beta of 1.62. The firm’s fifty day simple moving average is $241.47.

The Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, April 27th. The aircraft producer reported ($1.53) EPS for the quarter, missing the consensus estimate of ($1.17) by ($0.36). The company had revenue of $15.22 billion during the quarter, compared to the consensus estimate of $15.95 billion. During the same quarter in the previous year, the business earned ($1.70) earnings per share. The Boeing’s revenue was down 10.0% compared to the same quarter last year. Equities analysts expect that The Boeing Company will post -0.3 EPS for the current year.

In other The Boeing news, insider Carol J. Hibbard sold 2,000 shares of the stock in a transaction dated Thursday, May 13th. The stock was sold at an average price of $224.97, for a total value of $449,940.00. Following the transaction, the insider now owns 7,462 shares of the company’s stock, valued at $1,678,726.14. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

A number of equities analysts recently commented on the company. Benchmark decreased their target price on The Boeing from $290.00 to $270.00 and set a “buy” rating for the company in a report on Friday, February 19th. JPMorgan Chase & Co. increased their price objective on The Boeing from $230.00 to $260.00 and gave the stock a “neutral” rating in a report on Wednesday, April 14th. Susquehanna Bancshares increased their price objective on The Boeing from $250.00 to $300.00 and gave the stock a “positive” rating in a report on Friday, March 19th. UBS Group reiterated a “buy” rating and issued a $310.00 price objective on shares of The Boeing in a report on Thursday, April 29th. Finally, Wells Fargo & Company began coverage on The Boeing in a report on Tuesday, May 18th. They issued an “equal weight” rating and a $244.00 price objective for the company. Four research analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $252.35.

The Boeing Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for The Boeing (NYSE:BA)

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