HF Advisory Group LLC Sells 158 Shares of The Boeing Company (NYSE:BA)

HF Advisory Group LLC lessened its stake in shares of The Boeing Company (NYSE:BA) by 4.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,276 shares of the aircraft producer’s stock after selling 158 shares during the period. HF Advisory Group LLC’s holdings in Boeing were worth $559,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Revolve Wealth Partners LLC bought a new stake in shares of Boeing in the 4th quarter worth $201,000. Robeco Institutional Asset Management B.V. increased its holdings in shares of Boeing by 37.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 6,927 shares of the aircraft producer’s stock worth $1,226,000 after purchasing an additional 1,905 shares in the last quarter. Redwood Wealth Management Group LLC bought a new stake in shares of Boeing in the 4th quarter worth $202,000. CarsonAllaria Wealth Management Ltd. increased its holdings in shares of Boeing by 176.2% in the 4th quarter. CarsonAllaria Wealth Management Ltd. now owns 892 shares of the aircraft producer’s stock worth $158,000 after purchasing an additional 569 shares in the last quarter. Finally, Old North State Wealth Management LLC increased its holdings in shares of Boeing by 2.0% in the 4th quarter. Old North State Wealth Management LLC now owns 20,157 shares of the aircraft producer’s stock worth $3,568,000 after purchasing an additional 400 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on BA. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research report on Wednesday, April 23rd. Morgan Stanley reiterated an “equal weight” rating on shares of Boeing in a research note on Thursday, May 22nd. Wells Fargo & Company restated an “underweight” rating on shares of Boeing in a research report on Thursday, May 22nd. Cowen reiterated a “buy” rating on shares of Boeing in a research report on Wednesday, May 7th. Finally, Bank of America upgraded shares of Boeing from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $185.00 to $260.00 in a research note on Monday. Three equities 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 stock. Based on data from MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and an average price target of $207.85.

Insiders Place Their Bets

In other Boeing news, EVP David Christopher Raymond sold 3,899 shares of the firm’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $187.01, for a total value 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. This trade represents a 8.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Brendan J. Nelson sold 640 shares of the firm’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 completion of the sale, the senior vice president now owns 13,258 shares of the company’s stock, valued at approximately $2,734,860.24. This trade represents a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,744 shares of company stock worth $1,511,370 in the last three months. Corporate insiders own 0.09% of the company’s stock.

Boeing Price Performance

Shares of BA stock opened at $212.09 on Thursday. The company has a market capitalization of $159.92 billion, a P/E ratio of -11.58 and a beta of 1.41. The company’s 50-day simple moving average is $180.96 and its two-hundred day simple moving average is $173.74. The Boeing Company has a one year low of $128.88 and a one year high of $215.80.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, topping analysts’ consensus estimates of ($1.39) by $0.90. The company had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. Boeing’s revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.13) earnings per share. On average, research analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

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.