The Boeing Company (NYSE:BA) Shares Sold by Everpar Advisors LLC

Everpar Advisors LLC cut its position in The Boeing Company (NYSE:BA) by 3.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,393 shares of the aircraft producer’s stock after selling 180 shares during the period. Everpar Advisors LLC’s holdings in Boeing were worth $749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Boeing by 24.4% during the fourth quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer’s stock worth $11,406,361,000 after buying an additional 12,641,715 shares in the last quarter. Geode Capital Management LLC lifted its position in Boeing by 29.5% during 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 lifted its position in Boeing by 33.6% during 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. Fisher Asset Management LLC lifted its position in Boeing by 3.4% during the fourth quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer’s stock worth $890,469,000 after buying an additional 164,042 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Boeing by 30.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer’s stock worth $739,585,000 after buying an additional 981,796 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Royal Bank of Canada lifted their target price on Boeing from $200.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, June 9th. UBS Group upped their price target on Boeing from $207.00 to $226.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Wall Street Zen lowered Boeing from a “hold” rating to a “sell” rating in a research note on Saturday, May 17th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $212.00 price target on shares of Boeing in a research note on Thursday. Finally, Bank of America raised Boeing from a “neutral” rating to a “buy” rating and upped their price target for the company from $185.00 to $260.00 in a research note on Monday, June 2nd. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $209.85.

Insiders Place Their Bets

In other news, EVP Jeffrey S. Shockey sold 3,205 shares of the company’s stock in a transaction dated 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 now directly owns 20,513 shares of the company’s stock, valued at approximately $4,161,472.31. This represents a 13.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Brendan J. Nelson sold 640 shares of the company’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $206.28, for a total value of $132,019.20. Following the transaction, the senior vice president now directly owns 13,258 shares of the company’s stock, valued at approximately $2,734,860.24. This represents a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,744 shares of company stock worth $1,511,370 in the last quarter. 0.09% of the stock is owned by company insiders.

Boeing Trading Down 1.7%

BA stock opened at $200.21 on Friday. The company has a market capitalization of $150.96 billion, a PE ratio of -10.93 and a beta of 1.43. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $218.80. The business’s fifty day moving average price is $188.93 and its 200 day moving average price is $176.77.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, topping the consensus estimate 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) EPS. Boeing’s revenue for the quarter was up 17.7% compared to the same quarter last year. Research analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

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.