Pinnacle Bancorp Inc. Sells 232 Shares of The Boeing Company (NYSE:BA)

Pinnacle Bancorp Inc. decreased its position in The Boeing Company (NYSE:BA) by 47.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 262 shares of the aircraft producer’s stock after selling 232 shares during the period. Pinnacle Bancorp Inc.’s holdings in Boeing were worth $45,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. American National Bank & Trust lifted its stake in Boeing by 474.1% in the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer’s stock valued at $26,000 after buying an additional 128 shares in the last quarter. REAP Financial Group LLC increased its position in shares of Boeing by 60.2% during 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 in 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 during the period. Dogwood Wealth Management LLC lifted its position in Boeing by 167.2% in the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer’s stock valued at $32,000 after acquiring an additional 112 shares in the last quarter. Finally, Solstein Capital LLC acquired a new position in Boeing in the 4th quarter worth $33,000. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 0.9%

BA opened at $199.09 on Thursday. The stock has a market cap of $150.12 billion, a price-to-earnings ratio of -11.11 and a beta of 1.43. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $218.80. The business has a 50 day moving average of $195.98 and a 200-day moving average of $179.22.

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 company had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.57 billion. The company’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period last year, the firm 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 year.

Insider Buying and Selling

In other Boeing news, EVP Jeffrey S. Shockey sold 3,205 shares of the company’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total value of $650,198.35. Following the transaction, the executive vice president now directly owns 20,513 shares of the company’s stock, valued at $4,161,472.31. This represents a 13.51% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 transaction, the executive vice president now owns 42,513 shares in the company, valued at $7,950,356.13. The trade was a 8.40% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,744 shares of company stock valued at $1,511,370. Company insiders own 0.09% of the company’s stock.

Analysts Set New Price Targets

BA has been the topic of several recent research reports. Benchmark dropped their price target on Boeing from $250.00 to $215.00 and set a “buy” rating on the stock in a research note on Monday, April 21st. Morgan Stanley set a $200.00 target price on Boeing and gave the company an “equal weight” rating in a research report on Thursday, June 12th. Melius raised Boeing from a “hold” rating to a “buy” rating in a research report on Monday, March 24th. Royal Bank Of Canada reaffirmed a “cautious” rating on shares of Boeing in a research note on Thursday, June 12th. Finally, Citigroup reiterated a “buy” rating on shares of Boeing in a report on Thursday, May 22nd. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $209.85.

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.