The Boeing Company (NYSE:BA) Shares Sold by Community Bank N.A.

Community Bank N.A. cut its stake in shares of The Boeing Company (NYSE:BA) by 12.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 700 shares of the aircraft producer’s stock after selling 100 shares during the quarter. Community Bank N.A.’s holdings in Boeing were worth $119,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Sierra Ocean LLC purchased a new position in Boeing during the fourth quarter valued at approximately $26,000. American National Bank & Trust grew its holdings in shares of Boeing by 474.1% during the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer’s stock valued at $26,000 after acquiring an additional 128 shares in the last quarter. REAP Financial Group LLC increased its stake in shares of Boeing by 60.2% in the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer’s stock worth $31,000 after acquiring an additional 65 shares during the last quarter. 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 acquiring an additional 95 shares in the last quarter. Finally, Dogwood Wealth Management LLC boosted its position in Boeing by 167.2% during the fourth quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer’s stock valued at $32,000 after purchasing an additional 112 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Price Performance

Boeing stock opened at $197.62 on Thursday. The stock’s 50 day moving average is $191.71 and its 200 day moving average is $177.73. The Boeing Company has a one year low of $128.88 and a one year high of $218.80. The firm has a market cap of $149.01 billion, a P/E ratio of -11.03 and a beta of 1.43.

Boeing (NYSE:BA) last issued its quarterly 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 business had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. The business’s revenue was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.13) earnings per share. Equities analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Activity at Boeing

In other Boeing news, EVP Jeffrey S. Shockey sold 3,205 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 20,513 shares in the company, valued at $4,161,472.31. This represents a 13.51% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Brendan J. Nelson sold 640 shares of Boeing stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total value of $132,019.20. Following the sale, the senior vice president now directly owns 13,258 shares of the company’s stock, valued at $2,734,860.24. This represents a 4.60% 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. 0.09% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

BA has been the topic of a number of recent research reports. Wells Fargo & Company reaffirmed an “underweight” rating on shares of Boeing in a research note on Thursday, May 22nd. Morgan Stanley set a $200.00 price target on Boeing and gave the stock an “equal weight” rating in a research report on Thursday, June 12th. Melius upgraded Boeing from a “hold” rating to a “buy” rating in a research note on Monday, March 24th. Benchmark lowered their price target on Boeing from $250.00 to $215.00 and set a “buy” rating on the stock in a report on Monday, April 21st. Finally, Susquehanna restated a “positive” rating and issued a $240.00 price objective (up from $205.00) on shares of Boeing in a research note on Wednesday, May 14th. Four equities research 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 company’s stock. Based on data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and an average target price 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.