Sterling Investment Advisors Ltd. Sells 487 Shares of The Boeing Company (NYSE:BA)

Sterling Investment Advisors Ltd. trimmed its stake in The Boeing Company (NYSE:BA) by 27.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,275 shares of the aircraft producer’s stock after selling 487 shares during the period. Sterling Investment Advisors Ltd.’s holdings in Boeing were worth $217,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Geode Capital Management LLC boosted its stake in Boeing by 29.5% in the fourth quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer’s stock worth $2,677,170,000 after buying an additional 3,452,075 shares in the last quarter. Northern Trust Corp boosted its stake in Boeing by 33.6% in the fourth quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer’s stock worth $1,151,316,000 after buying an additional 1,634,231 shares in the last quarter. Castlekeep Investment Advisors LLC purchased a new stake in shares of Boeing during the fourth quarter valued at approximately $568,000. Alyeska Investment Group L.P. purchased a new stake in shares of Boeing during the fourth quarter valued at approximately $526,889,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Boeing by 14.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,841,432 shares of the aircraft producer’s stock valued at $502,933,000 after purchasing an additional 369,306 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Jeffrey S. Shockey sold 3,205 shares of the firm’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total transaction of $650,198.35. Following the completion of the transaction, the executive vice president directly owned 20,513 shares in the company, valued at $4,161,472.31. This trade represents a 13.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Brendan J. Nelson sold 640 shares of the firm’s stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total value of $132,019.20. Following the transaction, the senior vice president owned 13,258 shares of the company’s stock, valued at $2,734,860.24. The trade was a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,744 shares of company stock worth $1,511,370. 0.09% of the stock is owned by corporate insiders.

Boeing Trading Up 0.8%

BA opened at $233.02 on Monday. The stock has a fifty day simple moving average of $213.01 and a two-hundred day simple moving average of $186.96. The company has a market cap of $175.70 billion, a price-to-earnings ratio of -13.00 and a beta of 1.41. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $235.27.

Wall Street Analyst Weigh In

BA has been the subject of a number of analyst reports. UBS Group increased their price objective on Boeing from $207.00 to $226.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Morgan Stanley increased their price objective on Boeing from $200.00 to $235.00 and gave the company an “equal weight” rating in a research note on Thursday, July 17th. Citigroup increased their price objective on Boeing from $220.00 to $270.00 and gave the company a “buy” rating in a research note on Monday, July 14th. TD Securities lowered Boeing to a “cautious” rating in a research note on Thursday, May 22nd. Finally, Jefferies Financial Group increased their price objective on Boeing from $230.00 to $250.00 and gave the company a “buy” rating in a research note on Wednesday, June 4th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $221.55.

Boeing 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.