The Boeing Company (NYSE:BA) Shares Sold by Hoertkorn Richard Charles

Hoertkorn Richard Charles trimmed its holdings in shares of The Boeing Company (NYSE:BA) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 33,709 shares of the aircraft producer’s stock after selling 238 shares during the quarter. Boeing accounts for about 2.5% of Hoertkorn Richard Charles’ investment portfolio, making the stock its 13th biggest position. Hoertkorn Richard Charles’ holdings in Boeing were worth $5,966,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Sierra Ocean LLC acquired a new stake in Boeing in the fourth quarter worth about $26,000. Sugar Maple Asset Management LLC acquired a new stake in Boeing during the 4th quarter worth about $27,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Boeing during the third quarter worth $28,000. Fiduciary Advisors Inc. bought a new stake in Boeing in the fourth quarter worth $28,000. Finally, HighMark Wealth Management LLC lifted its holdings in Boeing by 121.6% in the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after purchasing an additional 90 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Shares of NYSE BA opened at $179.18 on Friday. The firm’s 50 day simple moving average is $173.95 and its 200-day simple moving average is $164.10. The stock has a market capitalization of $134.40 billion, a price-to-earnings ratio of -9.78 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.

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

Insider Activity at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

BA has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their price target on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Citigroup raised their target price on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Wells Fargo & Company upped their target price on Boeing from $103.00 to $113.00 and gave the company an “underweight” rating in a research report on Monday, March 17th. Deutsche Bank Aktiengesellschaft boosted their price target on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Finally, Susquehanna increased their price target on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $195.68.

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.