Advanced Portfolio Management LLC Sells 3,000 Shares of The Boeing Company $BA

Advanced Portfolio Management LLC cut its stake in The Boeing Company (NYSE:BA) by 27.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,000 shares of the aircraft producer’s stock after selling 3,000 shares during the quarter. Boeing makes up approximately 4.7% of Advanced Portfolio Management LLC’s investment portfolio, making the stock its 5th largest holding. Advanced Portfolio Management LLC’s holdings in Boeing were worth $1,676,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of BA. Annandale Capital LLC bought a new stake in shares of Boeing in the second quarter valued at approximately $211,000. Veltria Advisors Corp. raised its holdings in Boeing by 3.0% in the 2nd quarter. Veltria Advisors Corp. now owns 2,712 shares of the aircraft producer’s stock valued at $568,000 after acquiring an additional 79 shares in the last quarter. Great Diamond Partners LLC lifted its position in shares of Boeing by 10.5% during the 2nd quarter. Great Diamond Partners LLC now owns 4,014 shares of the aircraft producer’s stock valued at $841,000 after acquiring an additional 380 shares during the period. Knuff & Co LLC lifted its position in shares of Boeing by 0.7% during the 2nd quarter. Knuff & Co LLC now owns 17,881 shares of the aircraft producer’s stock valued at $3,747,000 after acquiring an additional 121 shares during the period. Finally, Baird Financial Group Inc. grew its holdings in shares of Boeing by 6.4% during the 2nd quarter. Baird Financial Group Inc. now owns 260,278 shares of the aircraft producer’s stock worth $54,536,000 after purchasing an additional 15,584 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on BA shares. BNP Paribas Exane initiated coverage on Boeing in a research note on Tuesday, November 18th. They issued an “underperform” rating and a $150.00 price target for the company. Deutsche Bank Aktiengesellschaft lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $240.00 target price on the stock. in a report on Thursday, October 30th. Susquehanna dropped their target price on shares of Boeing from $270.00 to $255.00 and set a “positive” rating for the company in a research report on Wednesday, November 12th. BNP Paribas set a $150.00 price target on shares of Boeing in a report on Tuesday, November 18th. Finally, Sanford C. Bernstein reissued an “outperform” rating and issued a $267.00 price objective on shares of Boeing in a research note on Friday, November 14th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, four have given a Hold rating and five have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $232.09.

Boeing Price Performance

Shares of Boeing stock opened at $201.97 on Friday. The company’s 50 day moving average price is $204.63 and its two-hundred day moving average price is $214.11. The firm has a market capitalization of $153.51 billion, a P/E ratio of -14.76 and a beta of 1.18. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The firm had revenue of $23.27 billion for the quarter, compared to the consensus estimate of $21.61 billion. During the same period in the previous year, the business earned ($10.44) EPS. The business’s quarterly revenue was up 30.4% on a year-over-year basis. On average, analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Activity

In other news, EVP Uma M. Amuluru sold 1,366 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $197.66, for a total value of $270,003.56. Following the completion of the transaction, the executive vice president owned 14,656 shares of the company’s stock, valued at $2,896,904.96. This represents a 8.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Dana S. Deasy acquired 554 shares of the company’s stock in a transaction that occurred on Monday, November 24th. The stock was acquired at an average price of $178.88 per share, with a total value of $99,099.52. Following the acquisition, the senior vice president owned 28,442 shares in the company, valued at $5,087,704.96. The trade was a 1.99% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.09% of the stock is currently owned by company insiders.

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.