Adage Capital Partners GP L.L.C. Sells 71,351 Shares of The Boeing Company (NYSE:BA)

Adage Capital Partners GP L.L.C. lowered its stake in shares of The Boeing Company (NYSE:BA) by 10.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 615,287 shares of the aircraft producer’s stock after selling 71,351 shares during the quarter. Adage Capital Partners GP L.L.C. owned approximately 0.08% of Boeing worth $108,906,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in BA. Sierra Ocean LLC bought a new stake in shares of Boeing in the 4th quarter worth approximately $26,000. Sugar Maple Asset Management LLC bought a new stake in shares of Boeing in the fourth quarter valued at $27,000. Fiduciary Advisors Inc. purchased a new position in shares of Boeing during the 4th quarter valued at $28,000. HighMark Wealth Management LLC grew its stake 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 acquiring an additional 90 shares during the period. Finally, Anfield Capital Management LLC increased its holdings in Boeing by 113.1% in the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock worth $32,000 after acquiring an additional 95 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 2.2 %

Shares of BA stock opened at $162.84 on Wednesday. The firm has a market cap of $122.14 billion, a P/E ratio of -8.89 and a beta of 1.24. The business has a 50-day moving average price of $165.42 and a two-hundred day moving average price of $164.23. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $196.95.

Boeing (NYSE:BA) last issued its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period last year, the firm earned ($0.47) earnings per share. As a group, research analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Activity at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the sale, the executive vice president now owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.09% of the stock is owned by insiders.

Analyst Ratings Changes

BA has been the subject of a number of research reports. Wells Fargo & Company reiterated an “underweight” rating on shares of Boeing in a research report on Wednesday. JPMorgan Chase & Co. raised 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. Benchmark lowered their target price on shares of Boeing from $250.00 to $215.00 and set a “buy” rating on the stock in a report on Monday. StockNews.com raised Boeing to a “sell” rating in a report on Saturday, April 5th. Finally, UBS Group boosted their price objective on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $197.11.

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.