Manhattan West Asset Management LLC Sells 1,941 Shares of The Boeing Company (NYSE:BA)

Manhattan West Asset Management LLC lowered its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 58.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,405 shares of the aircraft producer's stock after selling 1,941 shares during the period. Manhattan West Asset Management LLC's holdings in Boeing were worth $249,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BA. NFP Retirement Inc. grew its holdings in shares of Boeing by 24.7% in the 4th quarter. NFP Retirement Inc. now owns 2,203 shares of the aircraft producer's stock worth $390,000 after acquiring an additional 437 shares during the period. Concorde Asset Management LLC purchased a new stake in Boeing in the fourth quarter valued at approximately $295,000. Quinn Opportunity Partners LLC lifted its stake in shares of Boeing by 33.7% in the 4th quarter. Quinn Opportunity Partners LLC now owns 60,500 shares of the aircraft producer's stock valued at $10,708,000 after purchasing an additional 15,264 shares in the last quarter. Integrity Financial Corp WA grew its stake in shares of Boeing by 26.2% in the fourth quarter. Integrity Financial Corp WA now owns 2,108 shares of the aircraft producer's stock valued at $373,000 after buying an additional 438 shares in the last quarter. Finally, Heritage Trust Co purchased a new stake in Boeing during the 4th quarter worth $1,292,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BA has been the topic of a number of research analyst reports. Susquehanna increased their target price on Boeing from $200.00 to $205.00 and gave the stock a "positive" rating in a report on Wednesday, January 29th. Melius upgraded Boeing from a "hold" rating to a "buy" rating in a report on Monday, March 24th. Deutsche Bank Aktiengesellschaft raised their price objective on Boeing from $184.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, January 2nd. StockNews.com upgraded shares of Boeing to a "sell" rating in a research note on Saturday, April 5th. Finally, UBS Group boosted their target price on shares of Boeing from $208.00 to $217.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $196.10.

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Boeing Stock Up 1.5 %

NYSE:BA traded up $2.41 during trading hours on Monday, hitting $159.25. 7,280,367 shares of the stock were exchanged, compared to its average volume of 9,019,320. The company's 50 day moving average is $168.68 and its two-hundred day moving average is $164.00. The company has a market capitalization of $119.45 billion, a P/E ratio of -8.69 and a beta of 1.24. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $196.95.

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

Insider Buying and Selling at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction 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 approximately $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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.