Legal & General Group Plc Sells 480,114 Shares of The Boeing Company (NYSE:BA)

Legal & General Group Plc trimmed its position in shares of The Boeing Company (NYSE:BA - Free Report) by 14.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,838,073 shares of the aircraft producer's stock after selling 480,114 shares during the quarter. Legal & General Group Plc owned approximately 0.38% of Boeing worth $502,339,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of BA. Sierra Ocean LLC bought a new position in shares of Boeing in the fourth quarter worth about $26,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Boeing in the 4th quarter valued at $27,000. Fiduciary Advisors Inc. bought a new stake in shares of Boeing during the fourth quarter worth $28,000. HighMark Wealth Management LLC lifted its stake 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. Finally, Anfield Capital Management LLC boosted its holdings in Boeing by 113.1% in the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after acquiring an additional 95 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on BA. Wells Fargo & Company upped their target price on shares of Boeing from $103.00 to $113.00 and gave the company an "underweight" rating in a research report on Monday, March 17th. Barclays upgraded shares of Boeing from an "equal weight" rating to an "overweight" rating and increased their price objective for the company from $190.00 to $210.00 in a report on Monday, January 6th. Susquehanna lifted 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. Deutsche Bank Aktiengesellschaft increased their price target on Boeing from $184.00 to $215.00 and gave the company a "buy" rating in a research note on Thursday, January 2nd. Finally, JPMorgan Chase & Co. lifted their price objective on Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Boeing currently has an average rating of "Moderate Buy" and an average target price of $196.10.

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Insider Buying and Selling

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the firm's 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 $3,471,596.97. This trade represents a 14.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

Boeing Stock Up 0.2 %

Shares of NYSE BA traded up $0.24 during trading hours on Friday, hitting $155.76. The company had a trading volume of 4,750,145 shares, compared to its average volume of 8,999,488. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $196.95. The firm's 50 day moving average is $169.07 and its 200-day moving average is $163.90. The stock has a market capitalization of $116.83 billion, a P/E ratio of -8.44 and a beta of 1.24.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings results 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 quarter in the previous year, the business posted ($0.47) EPS. On average, sell-side analysts predict that The Boeing Company will post -2.58 earnings per share 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.