The Boeing Company (NYSE:BA) Shares Sold by Riverview Trust Co

by · The Cerbat Gem

Riverview Trust Co decreased its stake in shares of The Boeing Company (NYSE:BA – Free Report) by 59.0% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 245 shares of the aircraft producer’s stock after selling 353 shares during the period. Riverview Trust Co’s holdings in Boeing were worth $42,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of BA. Sierra Ocean LLC acquired a new stake in shares of Boeing in the fourth quarter worth $26,000. American National Bank & Trust increased its position in shares of Boeing by 474.1% in the first quarter. American National Bank & Trust now owns 155 shares of the aircraft producer’s stock worth $26,000 after acquiring an additional 128 shares in the last quarter. HighMark Wealth Management LLC increased its position in shares of Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after acquiring an additional 90 shares in the last quarter. REAP Financial Group LLC increased its position in shares of Boeing by 60.2% in the fourth quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer’s stock worth $31,000 after acquiring an additional 65 shares in the last quarter. Finally, Anfield Capital Management LLC increased its position in shares of Boeing by 113.1% in the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock worth $32,000 after acquiring an additional 95 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Price Performance

NYSE BA opened at $209.19 on Friday. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $215.80. The company has a market capitalization of $157.73 billion, a price-to-earnings ratio of -11.42 and a beta of 1.41. The company’s fifty day moving average price is $181.73 and its two-hundred day moving average price is $174.19.

Boeing (NYSE:BA – Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, beating analysts’ consensus estimates of ($1.39) by $0.90. The company had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.57 billion. During the same quarter last year, the company earned ($1.13) earnings per share. The company’s revenue was up 17.7% compared to the same quarter last year. As a group, analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Insider Buying and Selling at Boeing

In other news, SVP Brendan J. Nelson sold 640 shares of the firm’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $206.28, for a total value of $132,019.20. Following the transaction, the senior vice president now directly owns 13,258 shares in the company, valued at approximately $2,734,860.24. This trade represents a 4.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the firm’s stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total transaction of $650,198.35. Following the completion of the transaction, the executive vice president now owns 20,513 shares in the company, valued at approximately $4,161,472.31. The trade was a 13.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,744 shares of company stock worth $1,511,370 in the last ninety days. 0.09% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a research report on Wednesday, April 23rd. Cowen reissued a “buy” rating on shares of Boeing in a research report on Wednesday, May 7th. Jefferies Financial Group increased their price objective on shares of Boeing from $230.00 to $250.00 and gave the stock a “buy” rating in a research report on Wednesday. Susquehanna reissued a “positive” rating and issued a $240.00 price objective (up previously from $205.00) on shares of Boeing in a research report on Wednesday, May 14th. Finally, TD Securities downgraded shares of Boeing to a “cautious” rating in a research note on Thursday, May 22nd. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $207.85.

Get Our Latest Analysis on Boeing

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.

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