The Boeing Company (NYSE:BA) Shares Sold by Smart Portfolios LLC

Smart Portfolios LLC trimmed its position in shares of The Boeing Company (NYSE:BA) by 7.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,729 shares of the aircraft producer’s stock after selling 205 shares during the period. Smart Portfolios LLC’s holdings in Boeing were worth $483,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC lifted its holdings in shares of Boeing by 20.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 7,345 shares of the aircraft producer’s stock valued at $1,300,000 after purchasing an additional 1,268 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in Boeing by 6.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 24,760 shares of the aircraft producer’s stock worth $4,383,000 after acquiring an additional 1,543 shares during the last quarter. Summit X LLC grew its stake in Boeing by 42.2% during the fourth quarter. Summit X LLC now owns 3,108 shares of the aircraft producer’s stock worth $550,000 after purchasing an additional 923 shares during the period. Moors & Cabot Inc. raised its stake in shares of Boeing by 3.7% in the fourth quarter. Moors & Cabot Inc. now owns 19,412 shares of the aircraft producer’s stock worth $3,436,000 after purchasing an additional 694 shares during the last quarter. Finally, Prosperity Wealth Management Inc. purchased a new stake in Boeing during the fourth quarter worth about $413,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on BA shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday, January 29th. Citigroup increased their price objective on shares of Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Wells Fargo & Company upped their price objective on shares of Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft boosted their price target on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Finally, Susquehanna increased their price objective on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Boeing presently has an average rating of “Moderate Buy” and an average target price of $195.16.

Insider Buying and Selling

In related news, EVP Uma M. Amuluru sold 3,159 shares of Boeing 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 in the company, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.16% of the stock is owned by company insiders.

Boeing Price Performance

Shares of BA opened at $154.19 on Wednesday. The stock has a market capitalization of $115.65 billion, a price-to-earnings ratio of -8.42 and a beta of 1.53. The business’s 50 day simple moving average is $174.00 and its 200-day simple moving average is $163.83. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $196.95.

Boeing (NYSE:BA) last issued 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 in the previous year, the firm earned ($0.47) EPS. On average, sell-side analysts expect that The Boeing Company will post -2.58 earnings per share for the current 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.