The Boeing Company $BA Shares Sold by MeadowBrook Investment Advisors LLC

MeadowBrook Investment Advisors LLC lowered its position in The Boeing Company (NYSE:BA) by 3.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,442 shares of the aircraft producer’s stock after selling 263 shares during the period. Boeing comprises approximately 1.2% of MeadowBrook Investment Advisors LLC’s investment portfolio, making the stock its 17th biggest position. MeadowBrook Investment Advisors LLC’s holdings in Boeing were worth $1,350,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Revolve Wealth Partners LLC acquired a new stake in Boeing in the 4th quarter valued at about $201,000. Robeco Institutional Asset Management B.V. grew its stake in shares of Boeing by 101.1% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 13,929 shares of the aircraft producer’s stock valued at $2,376,000 after buying an additional 7,002 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Boeing by 13.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 111,636 shares of the aircraft producer’s stock worth $18,774,000 after purchasing an additional 13,180 shares during the period. Golden State Wealth Management LLC boosted its position in shares of Boeing by 38.3% during the 1st quarter. Golden State Wealth Management LLC now owns 5,250 shares of the aircraft producer’s stock worth $896,000 after purchasing an additional 1,454 shares during the period. Finally, KBC Group NV boosted its position in Boeing by 0.5% in the 1st quarter. KBC Group NV now owns 60,872 shares of the aircraft producer’s stock valued at $10,382,000 after buying an additional 273 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Buying and Selling at Boeing

In other news, Director Mortimer J. Buckley acquired 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were acquired at an average price of $226.10 per share, with a total value of $497,420.00. Following the acquisition, the director directly owned 2,200 shares in the company, valued at approximately $497,420. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP David Christopher Raymond sold 3,771 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $229.94, for a total transaction of $867,103.74. Following the completion of the sale, the executive vice president directly owned 35,873 shares in the company, valued at approximately $8,248,637.62. This trade represents a 9.51% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.09% of the company’s stock.

Boeing Stock Performance

Shares of BA stock opened at $213.77 on Thursday. The Boeing Company has a one year low of $128.88 and a one year high of $242.69. The company has a 50 day moving average price of $221.23 and a 200 day moving average price of $212.16. The firm has a market capitalization of $161.64 billion, a price-to-earnings ratio of -12.95 and a beta of 1.47.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The business had revenue of $23.27 billion for the quarter, compared to the consensus estimate of $21.61 billion. During the same period in the prior year, the company posted ($10.44) EPS. The firm’s revenue for the quarter was up 30.4% compared to the same quarter last year. As a group, equities analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BA shares. Weiss Ratings restated a “sell (d-)” rating on shares of Boeing in a report on Wednesday, October 8th. Sanford C. Bernstein raised their price objective on shares of Boeing from $249.00 to $282.00 and gave the stock an “outperform” rating in a research report on Thursday, October 2nd. Barclays raised their price objective on shares of Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Vertical Research raised shares of Boeing from a “hold” rating to a “buy” rating and lifted their target price for the company from $242.00 to $270.00 in a report on Monday, September 8th. Finally, Susquehanna reissued a “positive” rating and set a $270.00 price objective on shares of Boeing in a report on Monday, September 15th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $242.32.

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.