The Boeing Company (NYSE:BA) Shares Sold by Plancorp LLC

Plancorp LLC cut its holdings in The Boeing Company (NYSE:BA) by 0.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 11,013 shares of the aircraft producer’s stock after selling 71 shares during the period. Plancorp LLC’s holdings in Boeing were worth $1,949,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of BA. Raymond James Financial Inc. acquired a new position in Boeing in the 4th quarter valued at $230,944,000. Amundi increased 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 buying an additional 1,292,417 shares during the last quarter. Burkehill Global Management LP acquired a new stake in shares of Boeing during the 4th quarter worth $212,400,000. Franklin Resources Inc. increased its holdings in shares of Boeing by 1,296.3% during the 3rd quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer’s stock worth $169,386,000 after buying an additional 1,055,472 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Boeing by 30.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer’s stock worth $739,585,000 after buying an additional 981,796 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Price Performance

NYSE:BA opened at $178.32 on Friday. The firm has a 50-day moving average of $172.98 and a two-hundred day moving average of $163.57. The stock has a market cap of $133.75 billion, a P/E ratio of -9.73 and a beta of 1.53. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $196.95.

Boeing (NYSE:BA) last issued its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period last year, the company earned ($0.47) EPS. As a group, equities analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Transactions at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the transaction, the executive vice president now owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BA. Deutsche Bank Aktiengesellschaft upped their price objective on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of Boeing in a report on Wednesday, January 29th. JPMorgan Chase & Co. upped their price objective on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. UBS Group upped their price target on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Finally, StockNews.com raised shares of Boeing to a “sell” rating in a research report on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and an average target price of $195.68.

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.