Integrated Wealth Concepts LLC Sells 1,932 Shares of The Boeing Company (NYSE:BA)

Integrated Wealth Concepts LLC lowered its position in The Boeing Company (NYSE:BA) by 6.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 28,761 shares of the aircraft producer’s stock after selling 1,932 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Boeing were worth $5,091,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of BA. Virtu Financial LLC bought a new stake in Boeing during the third quarter valued at approximately $7,544,000. World Investment Advisors LLC grew its position in shares of Boeing by 243.4% during the 3rd quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer’s stock valued at $818,000 after acquiring an additional 3,814 shares during the period. Wilmington Savings Fund Society FSB increased its stake in shares of Boeing by 290.0% in the 3rd quarter. Wilmington Savings Fund Society FSB now owns 17,053 shares of the aircraft producer’s stock worth $2,593,000 after purchasing an additional 12,680 shares in the last quarter. Tidal Investments LLC raised its holdings in Boeing by 2.1% in the 3rd quarter. Tidal Investments LLC now owns 38,230 shares of the aircraft producer’s stock worth $5,812,000 after purchasing an additional 804 shares during the period. Finally, Franklin Resources Inc. lifted its position in Boeing by 1,296.3% during the third quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer’s stock valued at $169,386,000 after purchasing an additional 1,055,472 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the sale, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at $3,471,596.97. This represents a 14.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.09% of the stock is currently owned by insiders.

Boeing Stock Up 0.9 %

BA stock opened at $177.92 on Friday. The company has a fifty day simple moving average of $164.87 and a two-hundred day simple moving average of $164.59. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $196.95. The firm has a market capitalization of $133.46 billion, a P/E ratio of -9.71 and a beta of 1.24.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, topping the consensus estimate of ($1.39) by $0.90. The company had revenue of $19.50 billion during the quarter, compared to analysts’ expectations of $19.57 billion. As a group, analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Wells Fargo & Company restated an “underweight” rating and issued a $140.00 price target (up previously from $111.00) on shares of Boeing in a research report on Wednesday. StockNews.com upgraded shares of Boeing to a “sell” rating in a research note on Thursday. TD Securities reaffirmed a “buy” rating and set a $180.00 price target on shares of Boeing in a report on Thursday. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a research note on Wednesday. Finally, Susquehanna increased their price target on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $198.45.

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.