Full Sail Capital LLC Has $342,000 Holdings in The Boeing Company (NYSE:BA)

Full Sail Capital LLC decreased its position in shares of The Boeing Company (NYSE:BA) by 54.5% in the fourth quarter, Holdings Channel reports. The fund owned 1,932 shares of the aircraft producer’s stock after selling 2,315 shares during the period. Full Sail Capital LLC’s holdings in Boeing were worth $342,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Elyxium Wealth LLC acquired a new position in Boeing during the 4th quarter valued at $488,000. Ethic Inc. lifted its stake in shares of Boeing by 51.5% in the fourth quarter. Ethic Inc. now owns 8,655 shares of the aircraft producer’s stock valued at $1,532,000 after buying an additional 2,942 shares during the period. Ensign Peak Advisors Inc grew its position in Boeing by 172.5% during the fourth quarter. Ensign Peak Advisors Inc now owns 544,811 shares of the aircraft producer’s stock worth $96,432,000 after buying an additional 344,848 shares in the last quarter. Fiduciary Trust Co increased its stake in Boeing by 83.8% during the fourth quarter. Fiduciary Trust Co now owns 6,141 shares of the aircraft producer’s stock valued at $1,087,000 after acquiring an additional 2,800 shares during the period. Finally, First Manhattan CO. LLC. raised its holdings in Boeing by 202.9% in the 4th quarter. First Manhattan CO. LLC. now owns 172,060 shares of the aircraft producer’s stock valued at $30,455,000 after acquiring an additional 115,256 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on BA shares. Cowen reissued a “buy” rating on shares of Boeing in a report on Wednesday. Melius Research set a $204.00 price objective on shares of Boeing in a report on Monday, March 24th. TD Securities reissued a “buy” rating and issued a $180.00 target price on shares of Boeing in a research note on Thursday, April 24th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research note on Wednesday, April 23rd. Finally, StockNews.com upgraded shares of Boeing from a “sell” rating to a “hold” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and a consensus price target of $201.85.

Insider Buying and Selling

In other 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 transaction, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP David Christopher Raymond sold 3,899 shares of the firm’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $187.01, for a total value of $729,151.99. Following the sale, the executive vice president now directly owns 42,513 shares in the company, valued at $7,950,356.13. The trade was a 8.40 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.

Boeing Trading Up 1.5 %

Boeing stock opened at $194.53 on Friday. The company has a market cap of $146.68 billion, a PE ratio of -10.62 and a beta of 1.41. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $196.95. The company’s 50-day moving average is $167.01 and its two-hundred day moving average is $166.84.

Boeing (NYSE:BA) last announced its quarterly earnings data 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 business had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. Boeing’s revenue was up 17.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.13) earnings per share. Research analysts forecast that The Boeing Company will post -2.58 EPS for the current year.

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.