The Boeing Company (NYSE:BA) Shares Sold by HBC Financial Services PLLC

HBC Financial Services PLLC trimmed its holdings in The Boeing Company (NYSE:BA) by 43.0% during the first quarter, Holdings Channel reports. The institutional investor owned 408 shares of the aircraft producer’s stock after selling 308 shares during the period. HBC Financial Services PLLC’s holdings in Boeing were worth $79,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Capital Research Global Investors lifted its position in Boeing by 35.5% during the 4th quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock worth $4,400,109,000 after acquiring an additional 4,425,964 shares in the last quarter. Jennison Associates LLC acquired a new position in Boeing during the 4th quarter worth approximately $960,397,000. Wellington Management Group LLP lifted its position in Boeing by 563.9% during the 4th quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock worth $896,434,000 after acquiring an additional 2,921,043 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Boeing by 23.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock worth $2,560,466,000 after acquiring an additional 1,884,850 shares in the last quarter. Finally, Boston Partners lifted its position in Boeing by 861.6% during the 4th quarter. Boston Partners now owns 1,804,853 shares of the aircraft producer’s stock worth $467,338,000 after acquiring an additional 1,617,151 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Price Performance

NYSE:BA traded down $1.72 during midday trading on Friday, reaching $182.19. 2,758,679 shares of the company traded hands, compared to its average volume of 8,310,582. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54. The firm has a market capitalization of $111.84 billion, a price-to-earnings ratio of -51.05 and a beta of 1.56. The company has a fifty day moving average price of $181.15 and a 200 day moving average price of $194.16.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.43) by $0.30. The business had revenue of $16.57 billion for the quarter, compared to analyst estimates of $17.69 billion. On average, equities research analysts forecast that The Boeing Company will post -1.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently commented on BA. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $225.00 price target on shares of Boeing in a research report on Tuesday, June 25th. Royal Bank of Canada dropped their price objective on Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Susquehanna restated a “positive” rating and set a $230.00 price objective on shares of Boeing in a report on Wednesday, May 15th. Citigroup dropped their price objective on Boeing from $252.00 to $224.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Finally, Melius restated a “hold” rating on shares of Boeing in a report on Monday, April 1st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and an average price target of $220.89.

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.