FRG Family Wealth Advisors LLC Sells 15,707 Shares of The Boeing Company (NYSE:BA)

FRG Family Wealth Advisors LLC trimmed its position in The Boeing Company (NYSE:BA - Free Report) by 14.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 94,505 shares of the aircraft producer's stock after selling 15,707 shares during the quarter. Boeing comprises approximately 3.0% of FRG Family Wealth Advisors LLC's holdings, making the stock its 8th largest position. FRG Family Wealth Advisors LLC's holdings in Boeing were worth $16,727,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Boeing by 24.4% during the 4th quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock worth $11,406,361,000 after purchasing an additional 12,641,715 shares in the last quarter. Geode Capital Management LLC increased its holdings in Boeing by 29.5% in the 4th quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock valued at $2,677,170,000 after buying an additional 3,452,075 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Boeing in the 4th quarter valued at $230,944,000. Amundi lifted its holdings in shares of Boeing by 473.6% during the 4th quarter. Amundi now owns 1,565,337 shares of the aircraft producer's stock worth $268,862,000 after acquiring an additional 1,292,417 shares during the period. Finally, Burkehill Global Management LP bought a new stake in Boeing in the fourth quarter valued at about $212,400,000. 64.82% of the stock is currently owned by institutional investors.

Boeing Price Performance

Shares of Boeing stock traded up $2.16 during trading hours on Monday, hitting $159.00. The company's stock had a trading volume of 3,653,505 shares, compared to its average volume of 9,005,264. The Boeing Company has a 12 month low of $128.88 and a 12 month high of $196.95. The company has a market capitalization of $119.26 billion, a PE ratio of -8.68 and a beta of 1.24. The stock has a 50 day moving average of $168.68 and a 200 day moving average of $164.00.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the previous year, the business earned ($0.47) earnings per share. Equities analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Analysts Set New Price Targets

BA has been the topic of several analyst reports. Susquehanna upped their price objective on Boeing from $200.00 to $205.00 and gave the company a "positive" rating in a research note on Wednesday, January 29th. StockNews.com upgraded Boeing to a "sell" rating in a research report on Saturday, April 5th. Royal Bank of Canada reissued an "outperform" rating and set a $200.00 price objective on shares of Boeing in a report on Wednesday, January 29th. Melius raised shares of Boeing from a "hold" rating to a "buy" rating in a report on Monday, March 24th. Finally, Barclays raised shares of Boeing from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $190.00 to $210.00 in a report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $196.10.

Insider Transactions at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the sale, the executive vice president now owns 19,213 shares in the company, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.09% of the stock is currently owned by insiders.

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.