C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Sells 404 Shares of The Boeing Company $BA

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lowered its position in The Boeing Company (NYSE:BA) by 10.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,426 shares of the aircraft producer’s stock after selling 404 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Boeing were worth $718,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of BA. Kingstone Capital Partners Texas LLC bought a new position in Boeing in the 2nd quarter worth $378,459,000. Vanguard Group Inc. boosted its holdings in Boeing by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer’s stock worth $11,197,468,000 after buying an additional 1,212,327 shares during the period. Bessemer Group Inc. boosted its holdings in Boeing by 3,581.5% in the 2nd quarter. Bessemer Group Inc. now owns 711,824 shares of the aircraft producer’s stock worth $149,149,000 after buying an additional 692,489 shares during the period. Strs Ohio bought a new position in Boeing in the 1st quarter worth $98,984,000. Finally, Canada Pension Plan Investment Board boosted its holdings in Boeing by 243.8% in the 1st quarter. Canada Pension Plan Investment Board now owns 754,550 shares of the aircraft producer’s stock worth $128,689,000 after buying an additional 535,060 shares during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 0.6%

Shares of BA stock opened at $201.24 on Monday. The stock has a market cap of $152.96 billion, a P/E ratio of -14.71 and a beta of 1.47. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $242.69. The company’s fifty day simple moving average is $220.17 and its two-hundred day simple moving average is $213.16.

Boeing (NYSE:BA) last announced its 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 analysts’ expectations of $21.61 billion. The company’s quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter last year, the company earned ($10.44) EPS. On average, analysts anticipate that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BA has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Boeing in a report on Wednesday, October 8th. Bank of America upped their target price on shares of Boeing from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Deutsche Bank Aktiengesellschaft downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $240.00 target price for the company. in a report on Thursday. Sanford C. Bernstein boosted 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, Jefferies Financial Group set a $255.00 price target on shares of Boeing in a research note on Tuesday, September 30th. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, Boeing has an average rating of “Moderate Buy” and an average target price of $242.79.

Insider Activity

In other Boeing news, Director Mortimer J. Buckley bought 2,200 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The shares were purchased at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the transaction, the director owned 2,200 shares of the company’s stock, valued at $497,420. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP David Christopher Raymond sold 3,771 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $229.94, for a total transaction 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 SEC filing for this sale provides additional information. 0.09% of the stock is currently owned by corporate insiders.

About Boeing

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.