Ashton Thomas Securities LLC Cuts Stock Position in The Boeing Company $BA

Ashton Thomas Securities LLC cut its holdings in The Boeing Company (NYSE:BA) by 2.4% in the first quarter, HoldingsChannel reports. The firm owned 9,677 shares of the aircraft producer’s stock after selling 236 shares during the quarter. Ashton Thomas Securities LLC’s holdings in Boeing were worth $1,651,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of BA. American National Bank & Trust grew its holdings in shares of Boeing by 474.1% in the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer’s stock valued at $26,000 after purchasing an additional 128 shares in the last quarter. REAP Financial Group LLC boosted its stake in Boeing by 60.2% during the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer’s stock worth $31,000 after buying an additional 65 shares during the period. Dogwood Wealth Management LLC boosted its stake in Boeing by 167.2% during the fourth quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer’s stock worth $32,000 after buying an additional 112 shares during the period. Heck Capital Advisors LLC purchased a new position in Boeing during the fourth quarter worth $33,000. Finally, Proathlete Wealth Management LLC purchased a new position in Boeing during the first quarter worth $34,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on BA. Rothschild & Co Redburn raised shares of Boeing from a “neutral” rating to a “buy” rating and set a $275.00 price objective for the company in a research note on Friday, June 27th. The Goldman Sachs Group set a $212.00 price objective on shares of Boeing and gave the stock a “buy” rating in a research note on Thursday, June 12th. Barclays lifted their price objective on shares of Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 29th. Royal Bank Of Canada reiterated an “outperform” rating and set a $250.00 target price on shares of Boeing in a research report on Wednesday, July 30th. Finally, Morgan Stanley reiterated an “equal weight” rating on shares of Boeing in a research report on Monday, July 28th. Three analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $228.90.

Boeing Price Performance

BA stock opened at $234.89 on Monday. The business has a 50-day moving average price of $224.62 and a 200 day moving average price of $196.18. The company has a market capitalization of $177.61 billion, a P/E ratio of -14.23 and a beta of 1.48. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The company had revenue of $22.75 billion during the quarter, compared to analysts’ expectations of $20.13 billion. Boeing’s quarterly revenue was up 34.9% compared to the same quarter last year. During the same period in the prior year, the firm earned ($2.90) EPS. On average, analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Transactions at Boeing

In other news, Director Mortimer J. Buckley bought 2,200 shares of Boeing stock in a transaction on Tuesday, August 19th. The stock was acquired at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the completion of the acquisition, the director owned 2,200 shares of the company’s stock, valued at $497,420. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP David Christopher Raymond sold 3,771 shares of the business’s 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 transaction, the executive vice president owned 35,873 shares of the company’s stock, valued at $8,248,637.62. This represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.