Stephens Consulting LLC Sells 5,293 Shares of The Boeing Company (NYSE:BA)

Stephens Consulting LLC trimmed its position in shares of The Boeing Company (NYSE:BA) by 63.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 3,106 shares of the aircraft producer’s stock after selling 5,293 shares during the quarter. Stephens Consulting LLC’s holdings in Boeing were worth $530,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Sierra Ocean LLC bought a new position in shares of Boeing during the fourth quarter valued at approximately $26,000. American National Bank & Trust raised its holdings in shares of Boeing by 474.1% during the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer’s stock worth $26,000 after purchasing an additional 128 shares during the last quarter. HighMark Wealth Management LLC raised its holdings in shares of Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after purchasing an additional 90 shares during the last quarter. REAP Financial Group LLC raised its holdings in shares of Boeing by 60.2% during the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer’s stock worth $31,000 after purchasing an additional 65 shares during the last quarter. Finally, Anfield Capital Management LLC raised its holdings in shares of Boeing by 113.1% during the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock worth $32,000 after purchasing an additional 95 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Bank of America raised shares of Boeing from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $185.00 to $260.00 in a report on Monday, June 2nd. Royal Bank of Canada restated a “cautious” rating on shares of Boeing in a research report on Thursday. Melius Research set a $204.00 price target on shares of Boeing in a research report on Monday, March 24th. Wall Street Zen lowered shares of Boeing from a “hold” rating to a “sell” rating in a research report on Saturday, May 17th. Finally, UBS Group boosted their target price on shares of Boeing from $207.00 to $226.00 and gave the company a “buy” rating in a report on Friday, May 9th. Four analysts have rated the stock with a sell rating, three have issued a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and a consensus target price of $209.85.

Boeing Stock Up 0.7%

Shares of BA opened at $201.74 on Tuesday. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $218.80. The firm’s 50 day moving average price is $190.18 and its 200 day moving average price is $177.43. The company has a market cap of $152.11 billion, a P/E ratio of -11.01 and a beta of 1.43.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, beating analysts’ consensus estimates of ($1.39) by $0.90. The firm had revenue of $19.50 billion during the quarter, compared to analysts’ expectations of $19.57 billion. The company’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period in the prior year, the company posted ($1.13) earnings per share. Research analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Jeffrey S. Shockey sold 3,205 shares of the stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total transaction of $650,198.35. Following the completion of the sale, the executive vice president now owns 20,513 shares in the company, valued at $4,161,472.31. This represents a 13.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Brendan J. Nelson sold 640 shares of the stock in a transaction 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 owns 13,258 shares of the company’s stock, valued at approximately $2,734,860.24. This represents a 4.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,744 shares of company stock valued at $1,511,370 in the last ninety days. 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.