The Boeing Company (NYSE:BA) Shares Sold by Advisory Services Network LLC

Advisory Services Network LLC lessened its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 36.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 16,662 shares of the aircraft producer's stock after selling 9,741 shares during the period. Advisory Services Network LLC's holdings in Boeing were worth $2,949,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of BA. Vanguard Group Inc. boosted its position in Boeing by 24.4% during the 4th quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock valued at $11,406,361,000 after acquiring an additional 12,641,715 shares in the last quarter. Geode Capital Management LLC grew its stake in Boeing by 29.5% in the fourth quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock valued at $2,677,170,000 after purchasing an additional 3,452,075 shares during the last quarter. Fisher Asset Management LLC lifted its position in shares of Boeing by 3.4% during the fourth quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer's stock valued at $890,469,000 after buying an additional 164,042 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Boeing by 30.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer's stock valued at $739,585,000 after buying an additional 981,796 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Boeing by 17.4% during the 4th quarter. Bank of New York Mellon Corp now owns 3,921,417 shares of the aircraft producer's stock worth $694,091,000 after acquiring an additional 581,987 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

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Insider Transactions at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the firm's stock in a transaction dated 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 directly 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.09% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on BA shares. JPMorgan Chase & Co. upped their price target on Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a research report on Wednesday, January 29th. Wells Fargo & Company dropped their price target on Boeing from $113.00 to $111.00 and set an "underweight" rating on the stock in a research note on Tuesday. Melius upgraded shares of Boeing from a "hold" rating to a "buy" rating in a research note on Monday, March 24th. Susquehanna raised their price target on shares of Boeing from $200.00 to $205.00 and gave the stock a "positive" rating in a report on Wednesday, January 29th. Finally, UBS Group upped their target price on Boeing from $208.00 to $217.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Two 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 company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $196.00.

Boeing Stock Down 0.4 %

Shares of Boeing stock traded down $0.69 on Tuesday, hitting $158.59. 6,735,941 shares of the company were exchanged, compared to its average volume of 9,012,077. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $196.95. The stock has a market capitalization of $118.95 billion, a price-to-earnings ratio of -8.66 and a beta of 1.24. The company has a 50-day moving average price of $168.23 and a 200 day moving average price of $164.02.

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

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 Commercial Airplanes; Defense, Space & Security; and Global Services segments.