The Boeing Company (NYSE:BA) Shares Sold by Greenleaf Trust

Greenleaf Trust lowered its position in The Boeing Company (NYSE:BA) by 1.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,701 shares of the aircraft producer’s stock after selling 169 shares during the quarter. Greenleaf Trust’s holdings in Boeing were worth $2,268,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Boeing by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 47,609,508 shares of the aircraft producer’s stock valued at $9,125,790,000 after acquiring an additional 356,496 shares during the period. Moneta Group Investment Advisors LLC raised its position in Boeing by 109,667.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 16,055,730 shares of the aircraft producer’s stock valued at $3,058,456,000 after purchasing an additional 16,041,103 shares during the period. Morgan Stanley lifted its stake in shares of Boeing by 1.1% during the third quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock worth $1,602,880,000 after purchasing an additional 91,801 shares in the last quarter. Nuveen Asset Management LLC boosted its position in shares of Boeing by 7.9% in the second quarter. Nuveen Asset Management LLC now owns 6,200,798 shares of the aircraft producer’s stock worth $1,309,361,000 after buying an additional 452,721 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Boeing by 3.2% in the third quarter. Northern Trust Corp now owns 4,951,181 shares of the aircraft producer’s stock worth $949,042,000 after buying an additional 153,168 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Down 0.2 %

BA stock traded down $0.41 during midday trading on Friday, reaching $169.82. The company had a trading volume of 4,693,869 shares, compared to its average volume of 6,936,782. The firm has a market capitalization of $103.61 billion, a PE ratio of -46.15, a P/E/G ratio of 134.80 and a beta of 1.52. The stock has a 50 day moving average price of $190.29 and a 200 day moving average price of $207.16. The Boeing Company has a fifty-two week low of $167.53 and a fifty-two week high of $267.54.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion during the quarter, compared to the consensus estimate of $21.14 billion. During the same period last year, the business posted ($1.75) EPS. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. Research analysts predict that The Boeing Company will post 0.32 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BA. Melius Research reissued a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Sanford C. Bernstein decreased their price objective on shares of Boeing from $272.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, April 8th. Royal Bank of Canada lowered their target price on Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a research note on Tuesday. Edward Jones cut Boeing from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Finally, Benchmark restated a “buy” rating and set a $250.00 price objective on shares of Boeing in a research note on Tuesday, March 26th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $229.35.

Boeing Company 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.