Hudson Valley Investment Advisors Inc. ADV Sells 449 Shares of The Boeing Company (NYSE:BA)

Hudson Valley Investment Advisors Inc. ADV lessened its stake in The Boeing Company (NYSE:BA) by 12.2% in the first quarter, Holdings Channel.com reports. The institutional investor owned 3,217 shares of the aircraft producer’s stock after selling 449 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in Boeing were worth $549,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Amundi grew its stake in Boeing by 473.6% in the 4th quarter. Amundi now owns 1,565,337 shares of the aircraft producer’s stock worth $268,862,000 after buying an additional 1,292,417 shares in the last quarter. KKM Financial LLC increased its stake in shares of Boeing by 50.8% in the fourth quarter. KKM Financial LLC now owns 15,368 shares of the aircraft producer’s stock worth $2,720,000 after buying an additional 5,175 shares during the period. Grant Private Wealth Management Inc purchased a new position in shares of Boeing in the fourth quarter worth $903,000. Winslow Asset Management Inc. increased its stake in shares of Boeing by 8.2% in the fourth quarter. Winslow Asset Management Inc. now owns 40,761 shares of the aircraft producer’s stock worth $7,215,000 after buying an additional 3,096 shares during the period. Finally, Advanced Portfolio Management LLC increased its position in Boeing by 182.2% during the 4th quarter. Advanced Portfolio Management LLC now owns 15,000 shares of the aircraft producer’s stock valued at $2,655,000 after purchasing an additional 9,684 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Wall Street Zen downgraded shares of Boeing from a “hold” rating to a “sell” rating in a research report on Saturday, May 17th. Cowen restated a “buy” rating on shares of Boeing in a report on Wednesday, May 7th. Morgan Stanley restated an “equal weight” rating on shares of Boeing in a report on Thursday, May 22nd. Sanford C. Bernstein upgraded shares of Boeing from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $181.00 to $218.00 in a report on Monday, April 28th. Finally, TD Securities cut shares of Boeing to a “cautious” rating in a report on Thursday, May 22nd. Three analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $207.85.

Insiders Place Their Bets

In other news, SVP Brendan J. Nelson sold 640 shares of the business’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $206.28, for a total value of $132,019.20. Following the sale, the senior vice president now directly owns 13,258 shares in the company, valued at $2,734,860.24. The trade was a 4.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP David Christopher Raymond sold 3,899 shares of the business’s stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $187.01, for a total transaction of $729,151.99. Following the completion of the sale, the executive vice president now owns 42,513 shares in the company, valued at approximately $7,950,356.13. This trade represents a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,744 shares of company stock worth $1,511,370 in the last 90 days. 0.09% of the stock is currently owned by corporate insiders.

Boeing Stock Up 1.0%

NYSE BA opened at $211.03 on Friday. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $215.80. The company has a 50-day moving average price of $182.59 and a 200-day moving average price of $174.64. The firm has a market capitalization of $159.12 billion, a P/E ratio of -11.52 and a beta of 1.43.

Boeing (NYSE:BA) last released its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.39) by $0.90. The firm had revenue of $19.50 billion for the quarter, compared to analysts’ expectations of $19.57 billion. During the same quarter last year, the firm posted ($1.13) EPS. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. As a group, equities research analysts anticipate that The Boeing Company will post -2.58 EPS for the current 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.