The Boeing Company (NYSE:BA) Stake Cut by Menora Mivtachim Holdings LTD.

Menora Mivtachim Holdings LTD. lowered its position in The Boeing Company (NYSE:BA - Free Report) by 19.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 794,169 shares of the aircraft producer's stock after selling 191,920 shares during the period. Menora Mivtachim Holdings LTD. owned about 0.11% of Boeing worth $140,568,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of BA. Garner Asset Management Corp boosted its stake in shares of Boeing by 5.6% in the fourth quarter. Garner Asset Management Corp now owns 4,042 shares of the aircraft producer's stock worth $715,000 after acquiring an additional 215 shares during the last quarter. Reynders McVeigh Capital Management LLC purchased a new position in shares of Boeing during the 4th quarter worth $204,000. SageView Advisory Group LLC lifted its position in shares of Boeing by 42.9% during the fourth quarter. SageView Advisory Group LLC now owns 3,047 shares of the aircraft producer's stock worth $539,000 after purchasing an additional 915 shares in the last quarter. Carson Advisory Inc. grew its stake in shares of Boeing by 3.0% in the fourth quarter. Carson Advisory Inc. now owns 4,858 shares of the aircraft producer's stock worth $860,000 after acquiring an additional 140 shares in the last quarter. Finally, Keystone Financial Group increased its holdings in Boeing by 114.5% during the 4th quarter. Keystone Financial Group now owns 24,118 shares of the aircraft producer's stock worth $4,402,000 after purchasing an additional 12,876 shares during the period. Institutional investors and hedge funds own 64.82% of the company's stock.

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Wall Street Analyst Weigh In

BA has been the topic of a number of analyst reports. Barclays upgraded Boeing from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Citigroup increased their target price on shares of Boeing from $207.00 to $210.00 and gave the stock a "buy" rating in a research note on Monday, February 10th. StockNews.com raised Boeing to a "sell" rating in a research report on Saturday, April 5th. JPMorgan Chase & Co. boosted their target price on Boeing from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Wednesday, January 29th. Finally, Susquehanna increased 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. 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 issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $196.10.

Insiders Place Their Bets

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the sale, the executive vice president now directly 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.09% of the stock is currently owned by insiders.

Boeing Price Performance

Shares of NYSE BA traded down $1.95 during mid-day trading on Tuesday, hitting $157.33. The company had a trading volume of 3,060,821 shares, compared to its average volume of 8,683,002. The stock has a market cap of $118.01 billion, a price-to-earnings ratio of -8.59 and a beta of 1.24. The firm's 50 day simple moving average is $168.23 and its two-hundred day simple moving average is $164.02. The Boeing Company has a 12 month low of $128.88 and a 12 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) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period last year, the company posted ($0.47) EPS. Equities analysts forecast 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.