Advisors Asset Management Inc. Trims Position in The Boeing Company (NYSE:BA)

Advisors Asset Management Inc. reduced its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 15.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,174 shares of the aircraft producer's stock after selling 2,563 shares during the period. Advisors Asset Management Inc.'s holdings in Boeing were worth $2,509,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. State Street Corp raised its position in Boeing by 2.3% in the 3rd quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer's stock worth $4,223,397,000 after purchasing an additional 636,594 shares during the period. Geode Capital Management LLC increased its holdings in shares of Boeing by 2.8% in the third quarter. Geode Capital Management LLC now owns 11,719,794 shares of the aircraft producer's stock worth $1,774,705,000 after buying an additional 320,415 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Boeing by 3.4% in the 4th quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer's stock valued at $890,469,000 after acquiring an additional 164,042 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Boeing by 30.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer's stock valued at $739,585,000 after acquiring an additional 981,796 shares during the period. Finally, Bank of New York Mellon Corp grew its position in Boeing by 17.4% during the 4th quarter. Bank of New York Mellon Corp now owns 3,921,417 shares of the aircraft producer's stock worth $694,091,000 after acquiring an additional 581,987 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

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Boeing Price Performance

Boeing stock traded down $4.17 during mid-day trading on Wednesday, reaching $178.42. The stock had a trading volume of 6,607,785 shares, compared to its average volume of 8,629,074. The company has a market capitalization of $133.83 billion, a price-to-earnings ratio of -9.74 and a beta of 1.53. The Boeing Company has a one year low of $137.03 and a one year high of $196.95. The company has a 50-day moving average price of $173.50 and a two-hundred day moving average price of $163.90.

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 period in the previous year, the company posted ($0.47) EPS. On average, equities research analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Melius Research raised Boeing from a "hold" rating to a "strong-buy" rating in a research note on Monday. JPMorgan Chase & Co. raised their price target on shares of Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Wells Fargo & Company increased their target price on shares of Boeing from $103.00 to $113.00 and gave the stock an "underweight" rating in a report on Monday, March 17th. Melius upgraded Boeing from a "hold" rating to a "buy" rating in a report on Monday. Finally, Susquehanna lifted their price objective on Boeing from $200.00 to $205.00 and gave the stock a "positive" rating in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $195.68.

Insider Transactions at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the company's stock in a transaction on 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 in the company, valued at $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 is available at this link. Company 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.