Bedell Frazier Investment Counselling LLC Has $1.76 Million Stake in The Boeing Company (NYSE:BA)

Bedell Frazier Investment Counselling LLC lowered its holdings in The Boeing Company (NYSE:BA) by 11.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,924 shares of the aircraft producer’s stock after selling 1,270 shares during the quarter. Bedell Frazier Investment Counselling LLC’s holdings in Boeing were worth $1,757,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sierra Ocean LLC purchased a new stake in Boeing in the 4th quarter valued at $26,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Boeing in the fourth quarter valued at about $27,000. Fiduciary Advisors Inc. purchased a new stake in shares of Boeing in the fourth quarter valued at about $28,000. HighMark Wealth Management LLC lifted its position 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 valued at $29,000 after purchasing an additional 90 shares in the last quarter. Finally, Anfield Capital Management LLC boosted its holdings in Boeing by 113.1% during the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock worth $32,000 after purchasing an additional 95 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Insider Activity at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the transaction, the executive vice president now owns 19,213 shares of the company’s stock, valued at $3,471,596.97. The trade was a 14.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.09% of the stock is owned by corporate insiders.

Boeing Stock Down 3.4 %

Shares of BA opened at $172.98 on Monday. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $196.95. The stock has a market cap of $129.74 billion, a PE ratio of -9.44 and a beta of 1.53. The business’s 50-day moving average price is $173.98 and its 200-day moving average price is $164.22.

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

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Susquehanna increased their price objective on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft lifted their price target on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of Boeing in a research note on Wednesday, January 29th. Finally, StockNews.com upgraded shares of Boeing to a “sell” rating in a research report on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Boeing 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.