Sender Co & Partners Inc. Has $4.38 Million Stock Holdings in The Boeing Company (NYSE:BA)

Sender Co & Partners Inc. trimmed its position in shares of The Boeing Company (NYSE:BA) by 47.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,728 shares of the aircraft producer’s stock after selling 22,098 shares during the period. Boeing makes up 4.0% of Sender Co & Partners Inc.’s portfolio, making the stock its 3rd biggest holding. Sender Co & Partners Inc.’s holdings in Boeing were worth $4,377,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Sierra Ocean LLC bought a new stake in shares of Boeing in the fourth quarter valued at about $26,000. Sugar Maple Asset Management LLC bought a new stake in shares of Boeing in the fourth quarter valued at about $27,000. Fiduciary Advisors Inc. bought a new stake in shares of Boeing in the fourth quarter valued at about $28,000. HighMark Wealth Management LLC lifted its stake in shares of Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after buying an additional 90 shares during the period. Finally, Anfield Capital Management LLC lifted its stake in shares of Boeing by 113.1% in the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock valued at $32,000 after buying an additional 95 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Insider Activity at Boeing

In related news, EVP Jeffrey S. Shockey sold 3,205 shares of the firm’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total value of $650,198.35. Following the completion of the sale, the executive vice president now owns 20,513 shares of the company’s stock, valued at $4,161,472.31. This trade represents a 13.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP David Christopher Raymond sold 3,899 shares of the firm’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $187.01, for a total transaction of $729,151.99. Following the completion of the transaction, the executive vice president now directly owns 42,513 shares in the company, valued at approximately $7,950,356.13. The trade was a 8.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,263 shares of company stock valued at $1,950,150 over the last quarter. Corporate insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Cowen reiterated a “buy” rating on shares of Boeing in a research note on Wednesday, May 7th. Wells Fargo & Company reiterated an “underweight” rating and issued a $140.00 target price (up previously from $111.00) on shares of Boeing in a research note on Wednesday, April 23rd. Melius Research set a $204.00 target price on shares of Boeing in a research note on Monday, March 24th. UBS Group raised their price target on shares of Boeing from $207.00 to $226.00 and gave the stock a “buy” rating in a research note on Friday, May 9th. Finally, Melius upgraded shares of Boeing from a “hold” rating to a “buy” rating in a research note on Monday, March 24th. Two analysts have rated the stock with a sell rating, four have given a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $204.35.

Boeing Trading Down 0.2%

NYSE BA opened at $205.88 on Friday. The firm has a market cap of $155.23 billion, a price-to-earnings ratio of -11.24 and a beta of 1.41. The company has a 50 day moving average of $171.81 and a 200-day moving average of $168.55. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $209.66.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.39) by $0.90. The company had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. The business’s revenue for the quarter was up 17.7% on a year-over-year basis. During the same period in the prior year, the business earned ($1.13) EPS. On average, analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

About Boeing

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.