Beacon Capital Management LLC Sells 351 Shares of The Boeing Company (NYSE:BA)

Beacon Capital Management LLC trimmed its position in The Boeing Company (NYSE:BA) by 20.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,358 shares of the aircraft producer’s stock after selling 351 shares during the quarter. Beacon Capital Management LLC’s holdings in Boeing were worth $232,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Keynote Financial Services LLC lifted its holdings in Boeing by 3.8% in the 4th quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer’s stock worth $273,000 after buying an additional 57 shares in the last quarter. Trek Financial LLC raised its stake in shares of Boeing by 2.7% in the 4th quarter. Trek Financial LLC now owns 2,307 shares of the aircraft producer’s stock valued at $408,000 after purchasing an additional 60 shares in the last quarter. Colonial Trust Co SC raised its stake in Boeing by 6.1% during the fourth quarter. Colonial Trust Co SC now owns 1,042 shares of the aircraft producer’s stock worth $184,000 after acquiring an additional 60 shares during the period. Transcend Capital Advisors LLC grew its position in Boeing by 1.3% in the 4th quarter. Transcend Capital Advisors LLC now owns 4,923 shares of the aircraft producer’s stock worth $871,000 after purchasing an additional 61 shares during the last quarter. Finally, HBW Advisory Services LLC boosted its holdings in shares of Boeing by 4.3% in the first quarter. HBW Advisory Services LLC now owns 1,557 shares of the aircraft producer’s stock valued at $266,000 after acquiring an additional 64 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Jeffrey S. Shockey sold 3,205 shares of Boeing stock in a transaction that occurred 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. The trade was a 13.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David Christopher Raymond sold 3,899 shares of Boeing stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the sale, the executive vice president now 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 disclosure for this sale can be found here. Over the last three months, insiders sold 7,744 shares of company stock valued at $1,511,370. Insiders own 0.09% of the company’s stock.

Boeing Trading Down 0.7%

Shares of NYSE BA opened at $200.21 on Wednesday. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $218.80. The company has a market cap of $150.96 billion, a PE ratio of -11.17 and a beta of 1.43. The company has a 50-day moving average of $190.97 and a two-hundred day moving average of $177.59.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the firm posted ($1.13) earnings per share. The company’s revenue was up 17.7% on a year-over-year basis. As a group, equities research analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BA has been the subject of several research analyst reports. Susquehanna restated a “positive” rating and issued a $240.00 price target (up previously from $205.00) on shares of Boeing in a research report on Wednesday, May 14th. The Goldman Sachs Group set a $212.00 price target on shares of Boeing and gave the stock a “buy” rating in a research note on Thursday, June 12th. Citigroup restated a “buy” rating on shares of Boeing in a research note on Thursday, May 22nd. Sanford C. Bernstein upgraded shares of Boeing from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $181.00 to $218.00 in a research note on Monday, April 28th. Finally, Melius upgraded shares of Boeing from a “hold” rating to a “buy” rating in a research note on Monday, March 24th. 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $209.85.

Boeing 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.