The Boeing Company (NYSE:BA) Position Trimmed by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. reduced its holdings in The Boeing Company (NYSE:BA) by 10.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 425,041 shares of the aircraft producer’s stock after selling 48,876 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.06% of Boeing worth $75,241,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of BA. NFP Retirement Inc. grew its stake in Boeing by 24.7% during the 4th quarter. NFP Retirement Inc. now owns 2,203 shares of the aircraft producer’s stock worth $390,000 after buying an additional 437 shares during the last quarter. Concorde Asset Management LLC acquired a new position in shares of Boeing during the fourth quarter valued at $295,000. Quinn Opportunity Partners LLC grew its position in shares of Boeing by 33.7% during the fourth quarter. Quinn Opportunity Partners LLC now owns 60,500 shares of the aircraft producer’s stock worth $10,708,000 after acquiring an additional 15,264 shares during the last quarter. Integrity Financial Corp WA increased its holdings in shares of Boeing by 26.2% in the 4th quarter. Integrity Financial Corp WA now owns 2,108 shares of the aircraft producer’s stock worth $373,000 after acquiring an additional 438 shares during the period. Finally, Heritage Trust Co bought a new stake in Boeing in the 4th quarter valued at about $1,292,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Trading Up 0.9 %

Shares of BA opened at $156.95 on Friday. The business’s 50-day moving average price is $168.68 and its 200 day moving average price is $163.94. The stock has a market capitalization of $117.73 billion, a P/E ratio of -8.57 and a beta of 1.24. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $196.95.

Boeing (NYSE:BA) last released its earnings results 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 last year, the firm earned ($0.47) EPS. On average, research analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. StockNews.com upgraded Boeing to a “sell” rating in a research report on Saturday, April 5th. Wells Fargo & Company boosted their price target on Boeing from $103.00 to $113.00 and gave the stock an “underweight” rating in a research report on Monday, March 17th. Susquehanna raised their price target on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $196.10.

Insider Buying and Selling at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the firm’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 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 position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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.