Synergy Asset Management LLC Sells 70 Shares of The Boeing Company (NYSE:BA)

Synergy Asset Management LLC reduced its holdings in shares of The Boeing Company (NYSE:BA) by 4.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,606 shares of the aircraft producer’s stock after selling 70 shares during the period. Synergy Asset Management LLC’s holdings in Boeing were worth $274,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of BA. Amundi grew its holdings in shares of Boeing by 473.6% in the fourth quarter. Amundi now owns 1,565,337 shares of the aircraft producer’s stock worth $268,862,000 after purchasing an additional 1,292,417 shares during the last quarter. KKM Financial LLC grew its holdings in shares of Boeing by 50.8% in the fourth quarter. KKM Financial LLC now owns 15,368 shares of the aircraft producer’s stock worth $2,720,000 after purchasing an additional 5,175 shares during the last quarter. Wynn Capital LLC bought a new position in shares of Boeing in the first quarter worth approximately $584,000. Grant Private Wealth Management Inc bought a new position in shares of Boeing in the fourth quarter worth approximately $903,000. Finally, Winslow Asset Management Inc. grew its holdings in shares of Boeing by 8.2% in the fourth quarter. Winslow Asset Management Inc. now owns 40,761 shares of the aircraft producer’s stock worth $7,215,000 after purchasing an additional 3,096 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Insider Transactions at Boeing

In related news, EVP David Christopher Raymond sold 3,899 shares of Boeing stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $187.01, for a total value of $729,151.99. Following the completion of the sale, the executive vice president now directly owns 42,513 shares in the company, valued at approximately $7,950,356.13. This trade represents a 8.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Brendan J. Nelson sold 640 shares of Boeing stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $206.28, for a total value of $132,019.20. Following the completion of the sale, the senior vice president now owns 13,258 shares of the company’s stock, valued at $2,734,860.24. The trade was a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,744 shares of company stock valued at $1,511,370 in the last quarter. 0.09% of the stock is owned by insiders.

Wall Street Analyst Weigh In

BA has been the topic of several recent analyst reports. Citigroup restated a “buy” rating on shares of Boeing in a report on Thursday, May 22nd. UBS Group raised their price target on Boeing from $207.00 to $226.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. Melius raised Boeing from a “hold” rating to a “buy” rating in a research note on Monday, March 24th. The Goldman Sachs Group set a $212.00 price target on Boeing and gave the stock a “buy” rating in a research note on Thursday, June 12th. Finally, Wells Fargo & Company reaffirmed an “underweight” rating on shares of Boeing in a research note on Thursday, May 22nd. Four analysts have rated the stock with a sell rating, three have given a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Boeing has an average rating of “Moderate Buy” and a consensus target price of $209.85.

Boeing Trading Up 0.4%

Shares of Boeing stock opened at $198.41 on Monday. The firm has a market capitalization of $149.60 billion, a P/E ratio of -11.07 and a beta of 1.43. The business has a fifty day simple moving average of $193.38 and a two-hundred day simple moving average of $178.60. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $218.80.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (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. Boeing’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.13) EPS. Analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

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.