The Boeing Company (NYSE:BA) Shares Sold by Brown Lisle Cummings Inc.

Brown Lisle Cummings Inc. trimmed its stake in shares of The Boeing Company (NYSE:BA) by 3.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,323 shares of the aircraft producer’s stock after selling 83 shares during the period. Brown Lisle Cummings Inc.’s holdings in Boeing were worth $396,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Keynote Financial Services LLC lifted its position in shares of 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 acquiring an additional 57 shares during the period. Trek Financial LLC lifted its position in shares of Boeing by 2.7% during the 4th quarter. Trek Financial LLC now owns 2,307 shares of the aircraft producer’s stock valued at $408,000 after acquiring an additional 60 shares during the period. Colonial Trust Co SC lifted its position in shares of Boeing by 6.1% during the 4th quarter. Colonial Trust Co SC now owns 1,042 shares of the aircraft producer’s stock valued at $184,000 after acquiring an additional 60 shares during the period. Transcend Capital Advisors LLC lifted its position in shares of Boeing by 1.3% during the 4th quarter. Transcend Capital Advisors LLC now owns 4,923 shares of the aircraft producer’s stock valued at $871,000 after acquiring an additional 61 shares during the period. Finally, HBW Advisory Services LLC lifted its position in shares of Boeing by 4.3% during the 1st 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 during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Boeing

In related news, EVP David Christopher Raymond sold 3,899 shares of the stock in a transaction on 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 represents a 8.40% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Brendan J. Nelson sold 640 shares of the 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,744 shares of company stock worth $1,511,370 in the last ninety days. Insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on BA shares. Melius upgraded Boeing from a “hold” rating to a “buy” rating in a research report on Monday, March 24th. Bank of America upgraded Boeing from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $185.00 to $260.00 in a research report on Monday, June 2nd. Wall Street Zen downgraded Boeing from a “hold” rating to a “sell” rating in a research report on Saturday, May 17th. TD Securities downgraded Boeing to a “cautious” rating in a research report on Thursday, May 22nd. Finally, Citigroup restated a “buy” rating on shares of Boeing in a research report on Thursday, May 22nd. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $209.85.

Boeing Stock Up 0.4%

BA stock opened at $198.41 on Monday. The company has a market cap of $149.60 billion, a price-to-earnings ratio of -11.07 and a beta of 1.43. The business has a fifty day simple moving average of $193.38 and a 200-day simple moving average of $178.60. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $218.80.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, topping analysts’ consensus estimates of ($1.39) by $0.90. The firm had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. The company’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the company earned ($1.13) earnings per share. As a group, analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

About Boeing

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.