Wells Trecaso Financial Group LLC Has $4.49 Million Stock Holdings in The Boeing Company (NYSE:BA)

Wells Trecaso Financial Group LLC lowered its position in shares of The Boeing Company (NYSE:BA) by 1.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,348 shares of the aircraft producer’s stock after selling 475 shares during the quarter. Boeing accounts for about 1.5% of Wells Trecaso Financial Group LLC’s investment portfolio, making the stock its 24th biggest holding. Wells Trecaso Financial Group LLC’s holdings in Boeing were worth $4,494,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Keynote Financial Services LLC increased its position in Boeing by 3.8% during the 4th quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer’s stock valued at $273,000 after purchasing an additional 57 shares during the period. Trek Financial LLC lifted its position 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 worth $408,000 after purchasing an additional 60 shares during the period. Colonial Trust Co SC boosted its stake in shares of Boeing by 6.1% in the 4th quarter. Colonial Trust Co SC now owns 1,042 shares of the aircraft producer’s stock valued at $184,000 after purchasing an additional 60 shares during the last quarter. Transcend Capital Advisors LLC boosted its stake in shares of Boeing by 1.3% in the 4th quarter. Transcend Capital Advisors LLC now owns 4,923 shares of the aircraft producer’s stock valued at $871,000 after purchasing an additional 61 shares during the last quarter. Finally, HBW Advisory Services LLC increased its position in shares of Boeing by 4.3% during the first quarter. HBW Advisory Services LLC now owns 1,557 shares of the aircraft producer’s stock worth $266,000 after buying an additional 64 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on BA shares. Royal Bank Of Canada reaffirmed a “cautious” rating on shares of Boeing in a research report on Thursday, June 12th. Cowen restated a “buy” rating on shares of Boeing in a research report on Wednesday, May 7th. UBS Group raised their target price on Boeing from $207.00 to $226.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. The Goldman Sachs Group set a $212.00 price target on Boeing and gave the company a “buy” rating in a research note on Thursday, June 12th. Finally, Melius Research set a $204.00 price target on Boeing in a report on Monday, March 24th. Four analysts have rated the stock with a sell rating, three have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and a consensus price target of $209.85.

Insider Activity at Boeing

In related news, SVP Brendan J. Nelson sold 640 shares of Boeing 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 directly owns 13,258 shares in the company, valued at approximately $2,734,860.24. This trade represents a 4.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the company’s stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total value of $650,198.35. Following the completion of the transaction, the executive vice president now owns 20,513 shares of the company’s stock, valued at $4,161,472.31. This trade represents a 13.51% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 7,744 shares of company stock valued at $1,511,370. 0.09% of the stock is owned by insiders.

Boeing Price Performance

BA opened at $200.21 on Wednesday. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $218.80. The firm has a market capitalization of $150.96 billion, a PE ratio of -11.17 and a beta of 1.43. The company’s 50-day moving average is $190.97 and its 200 day moving average is $177.59.

Boeing (NYSE:BA) last issued its quarterly earnings data 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. During the same period last year, the company earned ($1.13) earnings per share. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. As a group, analysts expect that The Boeing Company will post -2.58 EPS for the current 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.