CRA Financial Services LLC Sells 1,424 Shares of The Boeing Company (NYSE:BA)

CRA Financial Services LLC lessened its holdings in The Boeing Company (NYSE:BA) by 28.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,501 shares of the aircraft producer’s stock after selling 1,424 shares during the quarter. CRA Financial Services LLC’s holdings in Boeing were worth $739,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Donaldson Capital Management LLC boosted its holdings in shares of Boeing by 3.2% during the 1st quarter. Donaldson Capital Management LLC now owns 1,539 shares of the aircraft producer’s stock valued at $327,000 after acquiring an additional 48 shares during the last quarter. Avalon Investment & Advisory lifted its stake in shares of Boeing by 2.7% in the 4th quarter. Avalon Investment & Advisory now owns 1,884 shares of the aircraft producer’s stock worth $359,000 after purchasing an additional 49 shares during the period. Waverly Advisors LLC lifted its stake in shares of Boeing by 0.6% in the 4th quarter. Waverly Advisors LLC now owns 8,015 shares of the aircraft producer’s stock worth $1,527,000 after purchasing an additional 49 shares during the period. Silverlake Wealth Management LLC lifted its stake in shares of Boeing by 0.9% in the 1st quarter. Silverlake Wealth Management LLC now owns 5,773 shares of the aircraft producer’s stock worth $1,226,000 after purchasing an additional 50 shares during the period. Finally, Cornell Pochily Investment Advisors Inc. lifted its stake in shares of Boeing by 3.4% in the 1st quarter. Cornell Pochily Investment Advisors Inc. now owns 1,508 shares of the aircraft producer’s stock worth $320,000 after purchasing an additional 50 shares during the period. Institutional investors own 61.33% of the company’s stock.

Boeing Stock Performance

Shares of Boeing stock traded down $0.94 on Friday, hitting $208.11. 4,670,575 shares of the company traded hands, compared to its average volume of 5,649,131. The stock has a market capitalization of $125.20 billion, a P/E ratio of -27.79 and a beta of 1.43. The Boeing Company has a 52 week low of $120.99 and a 52 week high of $243.10. The business has a 50-day simple moving average of $223.54 and a 200 day simple moving average of $213.03.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, July 26th. The aircraft producer reported ($0.82) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.99) by $0.17. The company had revenue of $19.75 billion for the quarter, compared to the consensus estimate of $18.59 billion. During the same quarter in the previous year, the business earned ($0.37) EPS. The company’s quarterly revenue was up 18.4% on a year-over-year basis. Research analysts expect that The Boeing Company will post -2.6 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Morgan Stanley increased their price objective on shares of Boeing from $220.00 to $235.00 in a research note on Thursday, July 27th. StockNews.com assumed coverage on shares of Boeing in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Tuesday, August 1st. Citigroup increased their price objective on shares of Boeing from $248.00 to $285.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. Finally, Susquehanna restated a “positive” rating and set a $270.00 target price on shares of Boeing in a research note on Wednesday. Six equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $245.13.

Insider Activity at Boeing

In related news, CEO Theodore Colbert III sold 8,500 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $238.37, for a total value of $2,026,145.00. Following the completion of the transaction, the chief executive officer now directly owns 59,255 shares of the company’s stock, valued at $14,124,614.35. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Steven M. Mollenkopf acquired 850 shares of the company’s stock in a transaction on Monday, July 31st. The stock was bought at an average cost of $237.00 per share, with a total value of $201,450.00. Following the completion of the purchase, the director now directly owns 3,767 shares of the company’s stock, valued at $892,779. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Theodore Colbert III sold 8,500 shares of Boeing stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $238.37, for a total transaction of $2,026,145.00. Following the transaction, the chief executive officer now directly owns 59,255 shares of the company’s stock, valued at $14,124,614.35. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by insiders.

Boeing Company 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 four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.