The Boeing Company $BA Shares Sold by Apella Capital LLC

by · The Cerbat Gem

Apella Capital LLC decreased its stake in shares of The Boeing Company (NYSE:BA – Free Report) by 6.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,544 shares of the aircraft producer’s stock after selling 652 shares during the quarter. Apella Capital LLC’s holdings in Boeing were worth $2,087,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. American National Bank & Trust increased its stake in Boeing by 474.1% during the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer’s stock valued at $26,000 after purchasing an additional 128 shares in the last quarter. REAP Financial Group LLC increased its stake in Boeing by 60.2% during the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer’s stock valued at $31,000 after purchasing an additional 65 shares in the last quarter. Dogwood Wealth Management LLC increased its stake in Boeing by 167.2% during the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer’s stock valued at $32,000 after purchasing an additional 112 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in Boeing during the 4th quarter valued at approximately $33,000. Finally, Proathlete Wealth Management LLC acquired a new position in Boeing during the 1st quarter valued at approximately $34,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of NYSE BA opened at $215.73 on Tuesday. The company’s fifty day moving average price is $228.71 and its 200 day moving average price is $199.86. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $242.69. The company has a market capitalization of $163.13 billion, a PE ratio of -13.07 and a beta of 1.48.

Boeing (NYSE:BA – Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 previous year, the business earned ($2.90) earnings per share. The business’s quarterly revenue was up 34.9% compared to the same quarter last year. On average, equities analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BA shares. Redburn Atlantic raised shares of Boeing from a “hold” rating to a “strong-buy” rating and upped their price objective for the company from $180.00 to $275.00 in a report on Friday, June 27th. Susquehanna reaffirmed a “positive” rating and issued a $270.00 price objective on shares of Boeing in a report on Monday. TD Securities downgraded shares of Boeing to a “cautious” rating in a report on Thursday, May 22nd. Vertical Research raised shares of Boeing from a “hold” rating to a “buy” rating and upped their price objective for the company from $242.00 to $270.00 in a report on Monday, September 8th. Finally, Jefferies Financial Group upped their price objective on shares of Boeing from $230.00 to $250.00 and gave the company a “buy” rating in a report on Wednesday, June 4th. Three analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $230.77.

Read Our Latest Stock Analysis on Boeing

Insiders Place Their Bets

In other news, Director Mortimer J. Buckley purchased 2,200 shares of the stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average cost of $226.10 per share, with a total value of $497,420.00. Following the completion of the acquisition, the director owned 2,200 shares of the company’s stock, valued at approximately $497,420. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP David Christopher Raymond sold 3,771 shares of the 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 transaction, the executive vice president directly owned 35,873 shares in the company, valued at approximately $8,248,637.62. The trade was 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.

About Boeing

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boeing Company (NYSE:BA – Free Report).