The Boeing Company $BA Shares Sold by Kelman Lazarov Inc.

Kelman Lazarov Inc. trimmed its holdings in The Boeing Company (NYSE:BA) by 15.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,292 shares of the aircraft producer’s stock after selling 242 shares during the period. Kelman Lazarov Inc.’s holdings in Boeing were worth $271,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vestcor Inc lifted its stake in shares of Boeing by 9.0% in the 1st quarter. Vestcor Inc now owns 14,489 shares of the aircraft producer’s stock valued at $2,471,000 after purchasing an additional 1,195 shares in the last quarter. National Pension Service lifted its stake in shares of Boeing by 19.6% in the 1st quarter. National Pension Service now owns 1,333,131 shares of the aircraft producer’s stock valued at $227,365,000 after purchasing an additional 218,049 shares in the last quarter. MFG Wealth Management Inc. acquired a new position in shares of Boeing in the 1st quarter valued at about $2,125,000. McElhenny Sheffield Capital Management LLC acquired a new position in shares of Boeing in the 2nd quarter valued at about $62,859,000. Finally, Vanguard Group Inc. lifted its stake in shares of Boeing by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer’s stock valued at $11,197,468,000 after purchasing an additional 1,212,327 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Boeing

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

Boeing Stock Performance

Boeing stock opened at $213.09 on Friday. The Boeing Company has a one year low of $128.88 and a one year high of $242.69. The stock’s 50 day moving average price is $223.10 and its 200 day moving average price is $207.83. The firm has a market capitalization of $161.13 billion, a PE ratio of -12.91 and a beta of 1.47.

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on BA shares. Rothschild & Co Redburn raised Boeing from a “neutral” rating to a “buy” rating and set a $275.00 price objective on the stock in a research note on Friday, June 27th. Citigroup reaffirmed a “buy” rating on shares of Boeing in a research note on Monday, July 28th. Royal Bank Of Canada reissued an “outperform” rating and set a $250.00 price target on shares of Boeing in a research report on Monday, September 29th. Barclays boosted their price target on Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Finally, Morgan Stanley reissued 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 assigned a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $240.20.

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.