Kovitz Investment Group Partners LLC Sells 5,718 Shares of The Boeing Company (NYSE:BA)

Kovitz Investment Group Partners LLC decreased its position in shares of The Boeing Company (NYSE:BA - Free Report) by 26.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,736 shares of the aircraft producer's stock after selling 5,718 shares during the period. Kovitz Investment Group Partners LLC's holdings in Boeing were worth $2,785,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of BA. Vanguard Group Inc. lifted its position in 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 during the period. Geode Capital Management LLC lifted its holdings 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 during the period. Fisher Asset Management LLC boosted its position in shares of Boeing by 3.4% during the 4th quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer's stock worth $890,469,000 after acquiring an additional 164,042 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Boeing by 30.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer's stock valued at $739,585,000 after purchasing an additional 981,796 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Boeing by 17.4% during the fourth quarter. Bank of New York Mellon Corp now owns 3,921,417 shares of the aircraft producer's stock worth $694,091,000 after purchasing an additional 581,987 shares during the last quarter. Institutional investors own 64.82% of the company's stock.

Boeing Price Performance

Shares of BA stock traded down $0.29 on Tuesday, reaching $182.01. 6,780,956 shares of the company were exchanged, compared to its average volume of 9,056,299. The company has a 50-day moving average of $164.80 and a 200-day moving average of $165.04. The company has a market cap of $137.24 billion, a price-to-earnings ratio of -9.94 and a beta of 1.24. The Boeing Company has a one year low of $128.88 and a one year high of $196.95.

Boeing (NYSE:BA - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.39) by $0.90. The company had revenue of $19.50 billion for the quarter, compared to analyst estimates of $19.57 billion. During the same quarter last year, the firm posted ($1.13) EPS. Boeing's revenue for the quarter was up 17.7% on a year-over-year basis. As a group, sell-side analysts predict that The Boeing Company will post -2.58 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BA. Morgan Stanley boosted their price target on Boeing from $175.00 to $185.00 and gave the stock an "equal weight" rating in a report on Thursday, April 24th. TD Securities reissued a "buy" rating and issued a $180.00 target price on shares of Boeing in a report on Thursday, April 24th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $200.00 price target on shares of Boeing in a report on Wednesday, April 23rd. Melius Research set a $204.00 price objective on shares of Boeing in a research note on Monday, March 24th. Finally, Sanford C. Bernstein raised shares of Boeing from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $181.00 to $218.00 in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $200.90.

Insider Transactions at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the company's stock in a transaction dated 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 directly owns 19,213 shares of the company's stock, valued at $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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.