The Boeing Company (NYSE:BA) Shares Sold by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC lessened its stake in The Boeing Company (NYSE:BA) by 19.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 17,565 shares of the aircraft producer’s stock after selling 4,285 shares during the period. Snowden Capital Advisors LLC’s holdings in Boeing were worth $3,109,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in Boeing by 24.4% in the fourth quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer’s stock worth $11,406,361,000 after acquiring an additional 12,641,715 shares during the period. Geode Capital Management LLC grew its position in Boeing by 29.5% in the fourth quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer’s stock worth $2,677,170,000 after acquiring an additional 3,452,075 shares during the period. Castlekeep Investment Advisors LLC purchased a new position in Boeing in the fourth quarter worth approximately $568,000. Alyeska Investment Group L.P. purchased a new position in Boeing in the fourth quarter worth approximately $526,889,000. Finally, Northern Trust Corp grew its position in Boeing by 33.6% in the fourth quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer’s stock worth $1,151,316,000 after acquiring an additional 1,634,231 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Price Performance

BA opened at $205.88 on Friday. The stock has a market cap of $155.23 billion, a P/E ratio of -11.24 and a beta of 1.41. The stock’s 50 day simple moving average is $171.81 and its 200 day simple moving average is $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 released its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.39) by $0.90. The firm had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. The business’s revenue was up 17.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.13) EPS. Research analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Buying and Selling at Boeing

In other Boeing 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 transaction, the executive vice president now owns 19,213 shares of the company’s stock, valued at $3,471,596.97. This represents a 14.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total value of $650,198.35. Following the transaction, the executive vice president now directly owns 20,513 shares in the company, valued at approximately $4,161,472.31. This represents a 13.51% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,263 shares of company stock worth $1,950,150. 0.09% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on BA. StockNews.com lowered Boeing from a “hold” rating to a “sell” rating in a research report on Saturday. Sanford C. Bernstein upgraded Boeing from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $181.00 to $218.00 in a research report on Monday, April 28th. JPMorgan Chase & Co. raised their price target on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. UBS Group raised their price target on Boeing from $207.00 to $226.00 and gave the stock a “buy” rating in a research report on Friday, May 9th. Finally, Cowen restated a “buy” rating on shares of Boeing in a research report on Wednesday, May 7th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $204.35.

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.