The Boeing Company (NYSE:BA) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lowered its position in The Boeing Company (NYSE:BA) by 9.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 264,067 shares of the aircraft producer’s stock after selling 28,455 shares during the quarter. Corient Private Wealth LLC’s holdings in Boeing were worth $46,432,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in BA. Sierra Ocean LLC acquired a new position in shares of Boeing in the 4th quarter valued at about $26,000. Sugar Maple Asset Management LLC acquired a new position in Boeing during the fourth quarter valued at approximately $27,000. RPg Family Wealth Advisory LLC purchased a new stake in Boeing during the third quarter worth approximately $28,000. Fiduciary Advisors Inc. acquired a new stake in shares of Boeing in the fourth quarter worth $28,000. Finally, HighMark Wealth Management LLC raised its stake in shares of Boeing by 121.6% in the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after acquiring an additional 90 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Susquehanna upped their target price on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. raised their target price on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. StockNews.com upgraded Boeing to a “sell” rating in a report on Wednesday, March 12th. Finally, UBS Group lifted their price objective 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. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $195.68.

Boeing Stock Performance

Shares of NYSE:BA opened at $162.04 on Tuesday. The company’s fifty day moving average is $173.05 and its two-hundred day moving average is $163.49. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $196.95. The stock has a market capitalization of $121.54 billion, a price-to-earnings ratio of -8.84 and a beta of 1.53.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the previous year, the business posted ($0.47) EPS. Sell-side analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction 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 approximately $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.16% of the stock is currently owned by corporate 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.