Anchor Capital Advisors LLC Sells 1,636 Shares of The Boeing Company (NYSE:BA)

Anchor Capital Advisors LLC reduced its holdings in shares of The Boeing Company (NYSE:BA) by 3.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 42,222 shares of the aircraft producer’s stock after selling 1,636 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Boeing were worth $11,006,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BA. Adell Harriman & Carpenter Inc. raised its holdings in Boeing by 21.7% in the 4th quarter. Adell Harriman & Carpenter Inc. now owns 3,443 shares of the aircraft producer’s stock valued at $897,000 after acquiring an additional 615 shares during the period. Orca Investment Management LLC lifted its holdings in Boeing by 5.5% during the 4th quarter. Orca Investment Management LLC now owns 3,772 shares of the aircraft producer’s stock worth $983,000 after purchasing an additional 195 shares during the last quarter. Greatmark Investment Partners Inc. boosted its stake in Boeing by 3.5% in the 4th quarter. Greatmark Investment Partners Inc. now owns 3,056 shares of the aircraft producer’s stock valued at $797,000 after purchasing an additional 104 shares during the period. Naviter Wealth LLC increased its position in Boeing by 19.7% during the 4th quarter. Naviter Wealth LLC now owns 3,975 shares of the aircraft producer’s stock worth $1,036,000 after buying an additional 654 shares during the period. Finally, Choreo LLC increased its position in Boeing by 57.5% during the 4th quarter. Choreo LLC now owns 13,673 shares of the aircraft producer’s stock worth $3,564,000 after buying an additional 4,994 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on BA. Wells Fargo & Company decreased their price target on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 1st. Barclays lowered their target price on shares of Boeing from $235.00 to $190.00 and set an “equal weight” rating on the stock in a report on Monday, April 22nd. StockNews.com cut Boeing from a “hold” rating to a “sell” rating in a research note on Friday. Bank of America lowered their price objective on Boeing from $210.00 to $190.00 and set a “neutral” rating on the stock in a research note on Thursday, April 11th. Finally, Stifel Nicolaus cut their target price on Boeing from $270.00 to $260.00 and set a “buy” rating for the company in a research report on Wednesday, April 10th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Boeing currently has a consensus rating of “Hold” and an average price target of $222.41.

Boeing Stock Up 0.1 %

Shares of BA traded up $0.19 during trading hours on Tuesday, reaching $173.68. The stock had a trading volume of 1,858,944 shares, compared to its average volume of 9,637,608. The Boeing Company has a 12 month low of $159.70 and a 12 month high of $267.54. The company’s 50-day moving average is $185.92 and its two-hundred day moving average is $206.50.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, beating the consensus estimate of ($0.72) by $0.25. The firm had revenue of $22.02 billion during the quarter, compared to the consensus estimate of $21.14 billion. During the same quarter in the prior year, the business posted ($1.75) earnings per share. Boeing’s revenue for the quarter was up 10.2% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Boeing Company will post -0.3 earnings per share for the current fiscal year.

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.