MML Investors Services LLC Sells 1,910 Shares of The Boeing Company (NYSE:BA)

MML Investors Services LLC lessened its position in shares of The Boeing Company (NYSE:BA - Free Report) by 2.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 70,915 shares of the aircraft producer's stock after selling 1,910 shares during the quarter. MML Investors Services LLC's holdings in Boeing were worth $12,552,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of BA. Vanguard Group Inc. grew its stake in shares of Boeing by 24.4% during the fourth quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock worth $11,406,361,000 after purchasing an additional 12,641,715 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Boeing by 29.5% during the 4th quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock worth $2,677,170,000 after acquiring an additional 3,452,075 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Boeing in the 4th quarter valued at about $230,944,000. Amundi raised its position in shares of Boeing by 473.6% during the 4th quarter. Amundi now owns 1,565,337 shares of the aircraft producer's stock worth $268,862,000 after acquiring an additional 1,292,417 shares in the last quarter. Finally, Burkehill Global Management LP acquired a new position in Boeing in the fourth quarter valued at approximately $212,400,000. Institutional investors and hedge funds own 64.82% of the company's stock.

Insider Activity

In other news, EVP Uma M. Amuluru sold 3,159 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value 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 $3,471,596.97. This represents a 14.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.09% of the stock is currently owned by company insiders.

Boeing Trading Up 0.9 %

Boeing stock traded up $1.66 during mid-day trading on Friday, reaching $177.92. The company's stock had a trading volume of 7,635,951 shares, compared to its average volume of 9,065,736. The firm has a market cap of $133.46 billion, a price-to-earnings ratio of -9.71 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. The business has a 50 day moving average price of $165.01 and a 200-day moving average price of $164.43.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.39) by $0.90. The business had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. On average, equities analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on BA shares. Citigroup raised their price objective on shares of Boeing from $210.00 to $220.00 and gave the stock a "buy" rating in a report on Thursday. Wells Fargo & Company reissued an "underweight" rating and issued a $140.00 price target (up from $111.00) on shares of Boeing in a research report on Wednesday. Barclays raised Boeing from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $190.00 to $210.00 in a report on Monday, January 6th. UBS Group upped their target price on Boeing from $190.00 to $207.00 and gave the company a "buy" rating in a research report on Thursday. Finally, Melius Research set a $204.00 price target on Boeing in a research report on Monday, March 24th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Boeing currently has an average rating of "Moderate Buy" and an average price target of $198.45.

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.