ELCO Management Co. LLC decreased its position in shares of The Boeing Company (NYSE:BA - Free Report) by 29.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,767 shares of the aircraft producer's stock after selling 1,994 shares during the quarter. ELCO Management Co. LLC's holdings in Boeing were worth $844,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Boeing by 24.4% in the fourth quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock valued at $11,406,361,000 after purchasing an additional 12,641,715 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Boeing by 29.5% in 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 buying an additional 3,452,075 shares in the last quarter. Fisher Asset Management LLC increased its holdings 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 worth $890,469,000 after buying an additional 164,042 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of 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 buying an additional 981,796 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Boeing by 17.4% in the 4th quarter. Bank of New York Mellon Corp now owns 3,921,417 shares of the aircraft producer's stock valued at $694,091,000 after purchasing an additional 581,987 shares during the last quarter. Institutional investors own 64.82% of the company's stock.
Analyst Ratings Changes
A number of equities analysts recently commented on the stock. Melius raised shares of Boeing from a "hold" rating to a "buy" rating in a research note on Monday, March 24th. StockNews.com upgraded Boeing to a "sell" rating in a research note on Saturday, April 5th. UBS Group boosted their target price on shares of Boeing from $208.00 to $217.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Citigroup raised their price target 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. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Boeing from $184.00 to $215.00 and gave the company a "buy" rating in a research report on Thursday, January 2nd. Two equities 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 given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $196.10.
Read Our Latest Report on BA
Insider Activity at Boeing
In other Boeing 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 sale, the executive vice president now owns 19,213 shares of the company's stock, valued at $3,471,596.97. The trade was a 14.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.
Boeing Stock Up 0.9 %
Shares of Boeing stock traded up $1.43 on Friday, reaching $156.95. The company's stock had a trading volume of 8,802,630 shares, compared to its average volume of 9,026,198. The company has a market capitalization of $117.73 billion, a P/E ratio of -8.57 and a beta of 1.24. The stock has a 50-day moving average price of $168.68 and a 200-day moving average price of $164.00. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $196.95.
Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings data 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 prior year, the business posted ($0.47) EPS. Sell-side analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.
Boeing Profile
(
Free Report)
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.
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