The Boeing Company (NYSE:BA) Shares Sold by Vaughan David Investments LLC IL

Vaughan David Investments LLC IL reduced its stake in shares of The Boeing Company (NYSE:BA) by 14.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,222 shares of the aircraft producer’s stock after selling 375 shares during the quarter. Vaughan David Investments LLC IL’s holdings in Boeing were worth $393,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in BA. Hennion & Walsh Asset Management Inc. boosted its position in Boeing by 23.5% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 2,998 shares of the aircraft producer’s stock worth $456,000 after purchasing an additional 570 shares in the last quarter. Modera Wealth Management LLC raised its stake in shares of Boeing by 12.6% during the 3rd quarter. Modera Wealth Management LLC now owns 6,237 shares of the aircraft producer’s stock worth $948,000 after buying an additional 700 shares during the last quarter. Frank Rimerman Advisors LLC boosted its position in shares of Boeing by 4.6% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 2,906 shares of the aircraft producer’s stock worth $442,000 after buying an additional 128 shares in the last quarter. Concord Wealth Partners grew its stake in Boeing by 34.4% in the 3rd quarter. Concord Wealth Partners now owns 504 shares of the aircraft producer’s stock valued at $77,000 after acquiring an additional 129 shares during the last quarter. Finally, Orrstown Financial Services Inc. purchased a new position in Boeing during the 3rd quarter valued at about $251,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Trading Down 0.9 %

Shares of BA stock opened at $178.36 on Wednesday. The company’s fifty day simple moving average is $176.98 and its 200-day simple moving average is $164.55. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $208.10. The company has a market cap of $133.78 billion, a PE ratio of -9.74 and a beta of 1.52.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the prior year, the firm earned ($0.47) earnings per share. Equities research analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analysts Set New Price Targets

BA has been the topic of several recent research reports. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday, January 29th. Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. Citigroup boosted their price target on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Finally, UBS Group increased their price objective on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

Insider Buying and Selling

In related news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the sale, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.16% of the stock is currently owned by corporate insiders.

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.