The Boeing Company (NYSE:BA) Shares Sold by Focus Financial Network Inc.

Focus Financial Network Inc. lowered its stake in shares of The Boeing Company (NYSE:BA) by 4.7% during the first quarter, Holdings Channel reports. The firm owned 11,585 shares of the aircraft producer’s stock after selling 568 shares during the period. Focus Financial Network Inc.’s holdings in Boeing were worth $1,976,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Sierra Ocean LLC acquired a new position in Boeing during the fourth quarter worth approximately $26,000. American National Bank & Trust grew its position in shares of Boeing by 474.1% during the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer’s stock worth $26,000 after acquiring an additional 128 shares during the last quarter. HighMark Wealth Management LLC raised its position in Boeing by 121.6% in the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after purchasing an additional 90 shares during the last quarter. REAP Financial Group LLC boosted its stake in Boeing by 60.2% during the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer’s stock worth $31,000 after purchasing an additional 65 shares during the period. Finally, Anfield Capital Management LLC grew its position in Boeing by 113.1% during the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock worth $32,000 after purchasing an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Benchmark decreased their target price on shares of Boeing from $250.00 to $215.00 and set a “buy” rating for the company in a research note on Monday, April 21st. Royal Bank of Canada increased their price objective on Boeing from $200.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday. Bank of America raised Boeing from a “neutral” rating to a “buy” rating and boosted their target price for the company from $185.00 to $260.00 in a report on Monday, June 2nd. Wells Fargo & Company reaffirmed an “underweight” rating on shares of Boeing in a report on Thursday, May 22nd. Finally, Melius Research set a $204.00 price objective on shares of Boeing in a research note on Monday, March 24th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and a consensus target price of $209.35.

Boeing Stock Performance

Boeing stock opened at $214.08 on Thursday. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $218.80. The firm has a market capitalization of $161.42 billion, a price-to-earnings ratio of -11.69 and a beta of 1.43. The stock’s fifty day moving average is $186.41 and its two-hundred day moving average is $176.08.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, beating analysts’ consensus estimates of ($1.39) by $0.90. The business had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. Boeing’s revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the company posted ($1.13) earnings per share. As a group, sell-side analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Transactions at Boeing

In other news, EVP David Christopher Raymond sold 3,899 shares of Boeing stock in a transaction dated Friday, May 2nd. The shares were 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 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total transaction of $650,198.35. Following the completion of the transaction, the executive vice president now directly owns 20,513 shares of the company’s stock, valued at approximately $4,161,472.31. This represents a 13.51% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 7,744 shares of company stock valued at $1,511,370 in the last ninety days. Corporate insiders own 0.09% of the company’s stock.

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.