Alliance Wealth Advisors LLC Has $959,000 Stake in The Boeing Company (NYSE:BA)

Alliance Wealth Advisors LLC decreased its position in The Boeing Company (NYSE:BA) by 1.4% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 5,622 shares of the aircraft producer’s stock after selling 80 shares during the period. Alliance Wealth Advisors LLC’s holdings in Boeing were worth $959,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Revolve Wealth Partners LLC bought a new position in Boeing in the 4th quarter worth $201,000. Money Concepts Capital Corp grew its position in Boeing by 13.1% in the 4th quarter. Money Concepts Capital Corp now owns 2,177 shares of the aircraft producer’s stock worth $385,000 after purchasing an additional 253 shares during the last quarter. Tyche Wealth Partners LLC grew its position in Boeing by 11.1% in the 4th quarter. Tyche Wealth Partners LLC now owns 3,001 shares of the aircraft producer’s stock worth $531,000 after purchasing an additional 300 shares during the last quarter. Trilogy Capital Inc. acquired a new stake in Boeing in the 4th quarter worth $211,000. Finally, Bleakley Financial Group LLC grew its position in Boeing by 0.8% in the 4th quarter. Bleakley Financial Group LLC now owns 14,921 shares of the aircraft producer’s stock worth $2,641,000 after purchasing an additional 119 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Activity at Boeing

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

Boeing Trading Up 1.0%

Shares of NYSE:BA opened at $211.03 on Friday. The firm has a 50 day moving average of $182.59 and a 200-day moving average of $174.64. The stock has a market capitalization of $159.12 billion, a PE ratio of -11.52 and a beta of 1.43. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $215.80.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating the consensus estimate 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 posted ($1.13) earnings per share. On average, research analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BA. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of Boeing in a research report on Wednesday, April 23rd. Benchmark decreased their target price on shares of Boeing from $250.00 to $215.00 and set a “buy” rating on the stock in a research report on Monday, April 21st. Wells Fargo & Company reiterated an “underweight” rating on shares of Boeing in a research report on Thursday, May 22nd. Melius Research set a $204.00 price target on shares of Boeing in a research report on Monday, March 24th. Finally, UBS Group boosted their price target on shares of Boeing from $207.00 to $226.00 and gave the company a “buy” rating in a research report on Friday, May 9th. Three research analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Boeing has an average rating of “Moderate Buy” and an average price target of $207.85.

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.