The Boeing Company $BA Shares Sold by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC lowered its holdings in The Boeing Company (NYSE:BA) by 7.1% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,516 shares of the aircraft producer’s stock after selling 1,031 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Boeing were worth $2,832,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Piscataqua Savings Bank grew its holdings in shares of Boeing by 1,712.5% in the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock valued at $30,000 after purchasing an additional 137 shares in the last quarter. Proathlete Wealth Management LLC acquired a new position in shares of Boeing in the first quarter valued at approximately $34,000. Monetary Management Group Inc. grew its holdings in shares of Boeing by 33.3% in the first quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock valued at $34,000 after purchasing an additional 50 shares in the last quarter. Dogwood Wealth Management LLC lifted its stake in Boeing by 30.4% in the second quarter. Dogwood Wealth Management LLC now owns 240 shares of the aircraft producer’s stock worth $52,000 after acquiring an additional 56 shares during the last quarter. Finally, Hilltop National Bank purchased a new position in Boeing in the second quarter worth approximately $61,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Buying and Selling at Boeing

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. lifted their price target on shares of Boeing from $230.00 to $251.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 30th. Susquehanna reiterated a “positive” rating and issued a $270.00 price target on shares of Boeing in a research note on Monday, September 15th. Jefferies Financial Group set a $255.00 price target on shares of Boeing in a research note on Tuesday, September 30th. Sanford C. Bernstein lifted their price target on shares of Boeing from $249.00 to $282.00 and gave the stock an “outperform” rating in a research note on Thursday, October 2nd. 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 research analysts have rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating, three have issued a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $233.91.

Boeing Trading Down 2.3%

Shares of NYSE:BA opened at $211.04 on Friday. The company has a market capitalization of $159.58 billion, a PE ratio of -12.78 and a beta of 1.47. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $242.69. The firm has a 50 day simple moving average of $224.29 and a 200-day simple moving average of $206.19.

Boeing (NYSE:BA) last issued 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 firm had revenue of $22.75 billion for the quarter, compared to analyst estimates of $20.13 billion. The company’s revenue was up 34.9% on a year-over-year basis. During the same period in the previous year, the company earned ($2.90) EPS. As a group, equities research analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

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.