Flputnam Investment Management Co. Has $485,000 Holdings in The Boeing Company (NYSE:BA)

Flputnam Investment Management Co. reduced its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 84.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,742 shares of the aircraft producer's stock after selling 14,496 shares during the quarter. Flputnam Investment Management Co.'s holdings in Boeing were worth $485,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of BA. Princeton Global Asset Management LLC raised its position in shares of Boeing by 44.8% during the third quarter. Princeton Global Asset Management LLC now owns 643 shares of the aircraft producer's stock worth $98,000 after purchasing an additional 199 shares during the period. Janney Capital Management LLC lifted its stake in Boeing by 5.6% in the third quarter. Janney Capital Management LLC now owns 2,809 shares of the aircraft producer's stock valued at $427,000 after buying an additional 150 shares in the last quarter. Angeles Wealth Management LLC boosted its holdings in shares of Boeing by 47.9% in the third quarter. Angeles Wealth Management LLC now owns 2,501 shares of the aircraft producer's stock valued at $380,000 after buying an additional 810 shares during the period. Forum Financial Management LP increased its position in shares of Boeing by 12.0% during the third quarter. Forum Financial Management LP now owns 5,929 shares of the aircraft producer's stock worth $901,000 after acquiring an additional 634 shares in the last quarter. Finally, KG&L Capital Management LLC lifted its position in Boeing by 3.8% in the 3rd quarter. KG&L Capital Management LLC now owns 31,961 shares of the aircraft producer's stock valued at $4,867,000 after acquiring an additional 1,165 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on BA shares. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 target price on shares of Boeing in a report on Wednesday, January 29th. Northcoast Research upgraded shares of Boeing from a "sell" rating to a "neutral" rating in a report on Thursday, December 12th. Susquehanna increased their target price on shares of Boeing from $200.00 to $205.00 and gave the stock a "positive" rating in a report on Wednesday, January 29th. UBS Group lifted their price target on shares of Boeing from $208.00 to $217.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company upped their target price on Boeing from $85.00 to $103.00 and gave the stock an "underweight" rating in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $195.16.

Insiders Place Their Bets

In other news, EVP Uma M. Amuluru sold 3,159 shares of the 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 sale, the executive vice president now directly owns 19,213 shares of the company's stock, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.16% of the company's stock.

Boeing Stock Up 2.8 %

Shares of Boeing stock traded up $4.43 on Wednesday, hitting $163.33. The stock had a trading volume of 4,647,829 shares, compared to its average volume of 7,680,392. The stock has a market cap of $122.51 billion, a price-to-earnings ratio of -8.92 and a beta of 1.52. The business's 50 day moving average is $176.32 and its two-hundred day moving average is $164.50. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $203.80.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the previous year, the company posted ($0.47) earnings per share. As a group, equities analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

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.