Strive Asset Management LLC Sells 684 Shares of The Boeing Company $BA

Strive Asset Management LLC lessened its position in The Boeing Company (NYSE:BA) by 20.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,604 shares of the aircraft producer’s stock after selling 684 shares during the quarter. Strive Asset Management LLC’s holdings in Boeing were worth $444,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. American National Bank & Trust lifted its holdings in shares of Boeing by 474.1% in the 1st 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. REAP Financial Group LLC increased its stake in Boeing by 60.2% in the 4th 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 increased its stake in Boeing by 167.2% in the 4th 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 in the 4th quarter worth about $33,000. Finally, Proathlete Wealth Management LLC purchased a new position in Boeing in the 1st quarter worth about $34,000. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

NYSE:BA opened at $229.49 on Wednesday. The Boeing Company has a one year low of $128.88 and a one year high of $242.69. The firm has a market cap of $173.53 billion, a P/E ratio of -13.90 and a beta of 1.48. The firm has a 50-day simple moving average of $228.35 and a 200-day simple moving average of $198.48.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The firm had revenue of $22.75 billion for the quarter, compared to analyst estimates of $20.13 billion. During the same period in the prior year, the company posted ($2.90) EPS. The business’s quarterly revenue was up 34.9% on a year-over-year basis. On average, research analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP David Christopher Raymond sold 3,771 shares of Boeing stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $229.94, for a total value of $867,103.74. Following the transaction, the executive vice president owned 35,873 shares of the company’s stock, valued at $8,248,637.62. The trade was a 9.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mortimer J. Buckley acquired 2,200 shares of the business’s stock in a transaction dated Tuesday, August 19th. The stock was purchased at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the transaction, the director owned 2,200 shares in the company, valued at approximately $497,420. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.09% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently commented on BA. Jefferies Financial Group raised their price target on shares of Boeing from $230.00 to $250.00 and gave the stock a “buy” rating in a research note on Wednesday, June 4th. TD Securities downgraded shares of Boeing to a “cautious” rating in a research note on Thursday, May 22nd. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $250.00 price target on shares of Boeing in a research note on Wednesday, July 30th. Vertical Research raised shares of Boeing from a “hold” rating to a “buy” rating and raised their price target for the stock from $242.00 to $270.00 in a research note on Monday. Finally, UBS Group set a $280.00 price target on shares of Boeing and gave the stock a “buy” rating in a research note on Wednesday, July 30th. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $230.77.

Boeing 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.