Aviva PLC Lowers Position in The Boeing Company (NYSE:BA)

Aviva PLC reduced its holdings in The Boeing Company (NYSE:BA - Free Report) by 20.1% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 227,248 shares of the aircraft producer's stock after selling 57,217 shares during the quarter. Aviva PLC's holdings in Boeing were worth $40,223,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BA. Sierra Ocean LLC bought a new position in shares of Boeing in the 4th quarter worth about $26,000. Sugar Maple Asset Management LLC bought a new stake in Boeing in the fourth quarter worth approximately $27,000. Fiduciary Advisors Inc. acquired a new position in Boeing in the fourth quarter valued at approximately $28,000. HighMark Wealth Management LLC boosted its holdings in shares of Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock worth $29,000 after buying an additional 90 shares in the last quarter. Finally, Anfield Capital Management LLC grew its position in shares of Boeing by 113.1% during the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after buying an additional 95 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Price Performance

Shares of NYSE BA traded down $7.87 during trading on Thursday, reaching $152.95. 5,125,378 shares of the stock traded hands, compared to its average volume of 8,998,941. The company has a 50-day moving average of $169.48 and a 200-day moving average of $163.91. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $196.95. The stock has a market capitalization of $114.72 billion, a P/E ratio of -8.39 and a beta of 1.24.

Boeing (NYSE:BA - Get Free Report) last issued its 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 company posted ($0.47) EPS. Analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BA has been the topic of several research analyst reports. UBS Group increased their target price on shares of Boeing from $208.00 to $217.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Melius raised shares of Boeing from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. Citigroup boosted their target price on Boeing from $207.00 to $210.00 and gave the company a "buy" rating in a research report on Monday, February 10th. Northcoast Research upgraded Boeing from a "sell" rating to a "neutral" rating in a report on Thursday, December 12th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 price objective on shares of Boeing in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $196.10.

Insider Activity at Boeing

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 transaction of $570,799.71. Following 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.09% of the stock is owned by company insiders.

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.