The Boeing Company (NYSE:BA) Shares Sold by Mosaic Family Wealth Partners LLC

Mosaic Family Wealth Partners LLC lowered its holdings in The Boeing Company (NYSE:BA) by 7.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,197 shares of the aircraft producer’s stock after selling 322 shares during the quarter. Mosaic Family Wealth Partners LLC’s holdings in Boeing were worth $743,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BA. Hartford Financial Management Inc. increased its stake in shares of Boeing by 4.2% in the fourth quarter. Hartford Financial Management Inc. now owns 10,501 shares of the aircraft producer’s stock worth $1,859,000 after acquiring an additional 428 shares during the period. Annex Advisory Services LLC acquired a new stake in shares of Boeing in the fourth quarter worth $205,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of Boeing by 7.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,916 shares of the aircraft producer’s stock worth $516,000 after acquiring an additional 214 shares during the period. ZWJ Investment Counsel Inc. acquired a new stake in shares of Boeing in the fourth quarter worth $225,000. Finally, Ballentine Partners LLC grew its position in Boeing by 27.7% during the fourth quarter. Ballentine Partners LLC now owns 5,788 shares of the aircraft producer’s stock valued at $1,024,000 after buying an additional 1,254 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Down 2.1%

BA opened at $203.27 on Thursday. The company has a market cap of $153.26 billion, a price-to-earnings ratio of -11.10 and a beta of 1.41. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $209.66. The firm’s fifty day simple moving average is $174.53 and its two-hundred day simple moving average is $169.64.

Boeing (NYSE:BA) last posted 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 business had revenue of $19.50 billion during the quarter, compared to analysts’ expectations of $19.57 billion. The business’s quarterly revenue was up 17.7% on a year-over-year basis. During the same period in the prior year, the business posted ($1.13) earnings per share. On average, research analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. StockNews.com lowered shares of Boeing from a “hold” rating to a “sell” rating in a research report on Saturday, May 17th. Citigroup raised their price target on shares of Boeing from $210.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, April 24th. Cowen restated a “buy” rating on shares of Boeing in a research report on Wednesday, May 7th. Melius upgraded shares of Boeing from a “hold” rating to a “buy” rating in a research report on Monday, March 24th. Finally, JPMorgan Chase & Co. raised their price target on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $204.35.

Insider Transactions at Boeing

In other news, SVP Brendan J. Nelson sold 640 shares of the firm’s stock in a transaction dated 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 now directly owns 13,258 shares of the company’s stock, valued at approximately $2,734,860.24. This trade represents a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the firm’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 in the company, valued at approximately $4,161,472.31. This represents a 13.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,744 shares of company stock valued at $1,511,370. Corporate 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.