The Boeing Company $BA Shares Sold by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. trimmed its position in The Boeing Company (NYSE:BA) by 0.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 37,835 shares of the aircraft producer’s stock after selling 184 shares during the period. Johnson Investment Counsel Inc.’s holdings in Boeing were worth $7,928,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vestcor Inc boosted its holdings in 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 during the last quarter. National Pension Service raised 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 acquiring an additional 218,049 shares during the period. MFG Wealth Management Inc. purchased a new stake in shares of Boeing in the 1st quarter valued at approximately $2,125,000. McElhenny Sheffield Capital Management LLC purchased a new stake in shares of Boeing in the 2nd quarter valued at approximately $62,859,000. Finally, Kelman Lazarov Inc. purchased a new stake in shares of Boeing in the 1st quarter valued at approximately $262,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other 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, with a total value of $497,420.00. Following the transaction, the director owned 2,200 shares in the company, valued at approximately $497,420. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP David Christopher Raymond sold 3,771 shares of the stock in a transaction that occurred 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 directly owned 35,873 shares in the company, valued at approximately $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. Corporate insiders own 0.09% of the company’s stock.

Boeing Stock Down 2.3%

Shares of BA opened at $211.04 on Monday. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69. The firm’s 50 day moving average price is $224.29 and its 200 day moving average price is $206.57. The company has a market cap of $159.58 billion, a P/E ratio of -12.78 and a beta of 1.47.

Boeing (NYSE:BA) last announced its earnings results 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 company had revenue of $22.75 billion for the quarter, compared to analysts’ expectations of $20.13 billion. During the same quarter in the prior year, the firm posted ($2.90) earnings per share. The firm’s revenue for the quarter was up 34.9% compared to the same quarter last year. Research analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Wall Street Analyst Weigh In

BA has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Boeing from $230.00 to $251.00 and gave the company an “overweight” rating in a research note on Wednesday, July 30th. Sanford C. Bernstein boosted their price target on shares of Boeing from $249.00 to $282.00 and gave the company an “outperform” rating in a research note on Thursday, October 2nd. Rothschild & Co Redburn raised shares of Boeing from a “neutral” rating to a “buy” rating and set a $275.00 price target on the stock in a research note on Friday, June 27th. Morgan Stanley reissued an “equal weight” rating on shares of Boeing in a research note on Monday, July 28th. Finally, Susquehanna reissued a “positive” rating and issued a $270.00 price target on shares of Boeing in a research note on Monday, September 15th. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $233.91.

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.