Capital Advisory Group Advisory Services LLC Sells 148 Shares of The Boeing Company (NYSE:BA)

Capital Advisory Group Advisory Services LLC cut its position in shares of The Boeing Company (NYSE:BA) by 6.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,257 shares of the aircraft producer’s stock after selling 148 shares during the quarter. Capital Advisory Group Advisory Services LLC’s holdings in Boeing were worth $385,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of BA. Sierra Ocean LLC acquired a new position in Boeing during the fourth quarter worth $26,000. American National Bank & Trust increased its stake in Boeing by 474.1% in the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer’s stock valued at $26,000 after buying an additional 128 shares during the last quarter. HighMark Wealth Management LLC lifted its position in Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after buying an additional 90 shares in the last quarter. REAP Financial Group LLC boosted its stake in shares of 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 buying an additional 65 shares during the last quarter. Finally, Anfield Capital Management LLC boosted its stake in shares of 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 buying an additional 95 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Price Performance

BA opened at $215.79 on Wednesday. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $218.80. The company’s 50 day moving average price is $184.87 and its two-hundred day moving average price is $175.81. The firm has a market capitalization of $162.70 billion, a price-to-earnings ratio of -11.78 and a beta of 1.43.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, topping the consensus estimate of ($1.39) by $0.90. The business had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.13) EPS. As a group, equities research analysts predict that The Boeing Company will post -2.58 EPS for the current year.

Insider Buying and Selling at Boeing

In related news, EVP Jeffrey S. Shockey sold 3,205 shares of the firm’s stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total transaction of $650,198.35. Following the completion of the sale, the executive vice president now owns 20,513 shares of the company’s stock, valued at $4,161,472.31. This trade represents a 13.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Brendan J. Nelson sold 640 shares of Boeing stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $206.28, for a total value 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. The trade was a 4.60% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,744 shares of company stock valued at $1,511,370. 0.09% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BA. Morgan Stanley reiterated an “equal weight” rating on shares of Boeing in a report on Thursday, May 22nd. Susquehanna reiterated a “positive” rating and set a $240.00 price objective (up previously from $205.00) on shares of Boeing in a research note on Wednesday, May 14th. Bank of America raised Boeing from a “neutral” rating to a “buy” rating and increased their price objective for the company from $185.00 to $260.00 in a report on Monday, June 2nd. Melius raised shares of Boeing from a “hold” rating to a “buy” rating in a research note on Monday, March 24th. Finally, TD Securities lowered shares of Boeing to a “cautious” rating in a research report on Thursday, May 22nd. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $209.35.

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.