The Boeing Company (NYSE:BA) Shares Sold by Capital Advisors Ltd. LLC

Capital Advisors Ltd. LLC lessened its stake in shares of The Boeing Company (NYSE:BA) by 9.0% in the first quarter, according to its most recent filing with the SEC. The fund owned 784 shares of the aircraft producer’s stock after selling 78 shares during the period. Capital Advisors Ltd. LLC’s holdings in Boeing were worth $134,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in BA. Sierra Ocean LLC acquired a new stake in Boeing during the 4th quarter valued at $26,000. American National Bank & Trust raised its stake in Boeing by 474.1% during the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer’s stock valued at $26,000 after purchasing an additional 128 shares during the period. HighMark Wealth Management LLC raised its stake in 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. REAP Financial Group LLC raised its stake in Boeing by 60.2% during the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer’s stock valued at $31,000 after purchasing an additional 65 shares during the period. Finally, Anfield Capital Management LLC raised its stake in 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 owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on BA shares. Melius raised shares of Boeing from a “hold” rating to a “buy” rating in a research note on Monday, March 24th. Jefferies Financial Group upped their price target on shares of Boeing from $230.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. Wall Street Zen downgraded shares of Boeing from a “hold” rating to a “sell” rating in a research note on Saturday, May 17th. TD Securities downgraded shares of Boeing to a “cautious” rating in a research note on Thursday, May 22nd. Finally, Cowen reaffirmed a “buy” rating on shares of Boeing in a research note on Wednesday, May 7th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $209.85.

Boeing Stock Performance

NYSE BA opened at $203.75 on Friday. The firm has a 50-day simple moving average of $187.71 and a 200 day simple moving average of $176.42. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $218.80. The stock has a market cap of $153.63 billion, a PE ratio of -11.12 and a beta of 1.43.

Boeing (NYSE:BA) last released 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 during the quarter, compared to the consensus estimate of $19.57 billion. During the same quarter in the previous year, the business posted ($1.13) EPS. The firm’s quarterly revenue was up 17.7% on a year-over-year basis. Research analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP David Christopher Raymond sold 3,899 shares of the stock in a transaction that occurred on 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 directly owns 42,513 shares of the company’s stock, valued at approximately $7,950,356.13. This represents a 8.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Brendan J. Nelson sold 640 shares of the firm’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $206.28, for a total transaction of $132,019.20. Following the sale, the senior vice president now directly owns 13,258 shares of the company’s stock, valued at approximately $2,734,860.24. The trade was a 4.60% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 7,744 shares of company stock worth $1,511,370. Company 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.