The Boeing Company (NYSE:BA) Shares Sold by Wellington Shields & Co. LLC

Wellington Shields & Co. LLC decreased its holdings in The Boeing Company (NYSE:BA) by 10.6% in the 4th quarter, HoldingsChannel reports. The fund owned 6,506 shares of the aircraft producer’s stock after selling 772 shares during the quarter. Wellington Shields & Co. LLC’s holdings in Boeing were worth $1,152,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of BA. Keynote Financial Services LLC lifted its holdings in shares of Boeing by 3.8% in the fourth quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer’s stock valued at $273,000 after buying an additional 57 shares during the period. Chaney Capital Management Inc. lifted its holdings in shares of Boeing by 2.1% in the fourth quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer’s stock valued at $508,000 after buying an additional 58 shares during the period. Farmers & Merchants Investments Inc. lifted its holdings in shares of Boeing by 0.6% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer’s stock valued at $1,878,000 after buying an additional 59 shares during the period. Center for Financial Planning Inc. lifted its holdings in shares of Boeing by 12.0% in the fourth quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer’s stock valued at $99,000 after buying an additional 60 shares during the period. Finally, Transcend Capital Advisors LLC lifted its holdings in shares of Boeing by 1.3% in the fourth quarter. Transcend Capital Advisors LLC now owns 4,923 shares of the aircraft producer’s stock valued at $871,000 after buying an additional 61 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of BA opened at $162.00 on Friday. The company’s 50 day moving average price is $173.23 and its 200 day moving average price is $163.68. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $196.95. The company has a market capitalization of $121.51 billion, a PE ratio of -8.84 and a beta of 1.53.

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 quarter in the previous year, the firm earned ($0.47) EPS. On average, equities analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on BA shares. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a report on Wednesday, January 29th. StockNews.com raised Boeing to a “sell” rating in a research report on Wednesday. UBS Group upped their target price on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Wells Fargo & Company upped their target price on Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. Finally, Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Two 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’s stock. According to MarketBeat.com, Boeing has an average rating of “Moderate Buy” and an average price target of $195.16.

Insider Buying and Selling at Boeing

In other Boeing 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 sale, the executive vice president now directly owns 19,213 shares in the company, valued at $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.16% of the company’s stock.

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.