The Boeing Company (NYSE:BA) Shares Sold by Financial Counselors Inc.

Financial Counselors Inc. lessened its holdings in shares of The Boeing Company (NYSE:BA) by 6.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,701 shares of the aircraft producer’s stock after selling 927 shares during the period. Financial Counselors Inc.’s holdings in Boeing were worth $2,425,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Sierra Ocean LLC acquired a new stake in shares of Boeing during the 4th quarter worth approximately $26,000. Sugar Maple Asset Management LLC bought a new position in Boeing during the 4th quarter worth $27,000. RPg Family Wealth Advisory LLC acquired a new stake in Boeing in the third quarter worth $28,000. Fiduciary Advisors Inc. bought a new stake in Boeing in the fourth quarter valued at $28,000. Finally, HighMark Wealth Management LLC boosted its holdings in shares of Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after acquiring an additional 90 shares during the period. Institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. StockNews.com upgraded shares of Boeing to a “sell” rating in a research report on Wednesday, March 12th. Melius Research upgraded Boeing from a “hold” rating to a “strong-buy” rating in a research report on Monday. JPMorgan Chase & Co. increased 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. Citigroup lifted their target price on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $195.68.

Boeing Price Performance

Boeing stock opened at $179.18 on Friday. The firm’s 50 day simple moving average is $173.95 and its 200-day simple moving average is $164.10. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $196.95. The company has a market cap of $134.40 billion, a P/E ratio of -9.78 and a beta of 1.53.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the previous year, the business posted ($0.47) earnings per share. On average, analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.09% of the stock is currently owned by insiders.

About Boeing

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.