Intech Investment Management LLC Sells 57,744 Shares of The Boeing Company (NYSE:BA)

Intech Investment Management LLC lessened its holdings in The Boeing Company (NYSE:BA) by 64.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 32,426 shares of the aircraft producer’s stock after selling 57,744 shares during the period. Intech Investment Management LLC’s holdings in Boeing were worth $5,739,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in BA. Sierra Ocean LLC bought a new position in shares of Boeing in the fourth quarter valued at about $26,000. Sugar Maple Asset Management LLC bought a new position in Boeing in the 4th quarter valued at about $27,000. Fiduciary Advisors Inc. acquired a new stake in Boeing during the fourth quarter worth approximately $28,000. HighMark Wealth Management LLC boosted its holdings in shares of Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after acquiring an additional 90 shares during the period. Finally, Anfield Capital Management LLC grew its position 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 purchasing an additional 95 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Down 0.2 %

Boeing stock opened at $161.57 on Wednesday. The stock has a market cap of $121.19 billion, a PE ratio of -8.82 and a beta of 1.53. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $196.95. The business’s 50-day moving average price is $172.83 and its two-hundred day moving average price is $163.41.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period last year, the business posted ($0.47) EPS. As a group, analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Transactions at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the sale, the executive vice president now directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.16% of the company’s stock.

Analysts Set New Price Targets

BA has been the subject of several research reports. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price target on shares of Boeing in a report on Wednesday, January 29th. UBS Group lifted their target price on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Citigroup lifted their price objective on shares of Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Finally, Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.68.

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.