Adage Capital Partners GP L.L.C. Sells 71,351 Shares of The Boeing Company (NYSE:BA)

Adage Capital Partners GP L.L.C. lowered its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 10.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 615,287 shares of the aircraft producer's stock after selling 71,351 shares during the quarter. Adage Capital Partners GP L.L.C. owned 0.08% of Boeing worth $108,906,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of BA. AdvisorNet Financial Inc raised its stake in shares of Boeing by 54.2% in the 4th quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer's stock valued at $358,000 after purchasing an additional 710 shares during the period. Carnegie Investment Counsel raised its position in Boeing by 175.6% in the 4th quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer's stock valued at $818,000 after buying an additional 2,943 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Boeing by 6.1% in the 3rd quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer's stock valued at $101,296,000 after acquiring an additional 38,332 shares in the last quarter. World Investment Advisors LLC boosted its position in Boeing by 243.4% during the 3rd quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer's stock worth $818,000 after acquiring an additional 3,814 shares during the last quarter. Finally, Amundi grew its stake 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 in the last quarter. Institutional investors own 64.82% of the company's stock.

Boeing Stock Performance

BA traded up $1.66 on Friday, reaching $177.92. The company had a trading volume of 7,635,951 shares, compared to its average volume of 9,051,989. The stock has a market cap of $133.46 billion, a P/E ratio of -9.71 and a beta of 1.24. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $196.95. The company's fifty day moving average is $164.87 and its 200 day moving average is $164.59.

Boeing (NYSE:BA - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, beating the consensus estimate of ($1.39) by $0.90. The firm had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. On average, sell-side analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently commented on BA shares. StockNews.com upgraded shares of Boeing to a "sell" rating in a report on Thursday. Melius Research set a $204.00 price objective on shares of Boeing in a research note on Monday, March 24th. Royal Bank of Canada restated an "outperform" rating and issued a $200.00 price objective on shares of Boeing in a report on Wednesday. Wells Fargo & Company reiterated an "underweight" rating and set a $140.00 target price (up previously from $111.00) on shares of Boeing in a report on Wednesday. Finally, UBS Group raised their price target on Boeing from $190.00 to $207.00 and gave the company a "buy" rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $198.45.

Insiders Place Their Bets

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction that occurred on 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 in the company, valued at $3,471,596.97. This represents a 14.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.09% of the company's stock.

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.