The Boeing Company (NYSE:BA) Shares Sold by Fort Sheridan Advisors LLC

Fort Sheridan Advisors LLC cut its stake in The Boeing Company (NYSE:BA) by 24.0% in the fourth quarter, HoldingsChannel reports. The fund owned 35,774 shares of the aircraft producer’s stock after selling 11,327 shares during the period. Boeing accounts for approximately 0.9% of Fort Sheridan Advisors LLC’s investment portfolio, making the stock its 23rd largest holding. Fort Sheridan Advisors LLC’s holdings in Boeing were worth $6,332,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Sierra Ocean LLC acquired a new stake in Boeing during the fourth quarter valued at $26,000. Sugar Maple Asset Management LLC acquired a new position in shares of Boeing in the fourth quarter worth about $27,000. Fiduciary Advisors Inc. purchased a new stake in shares of Boeing during the 4th quarter worth about $28,000. HighMark Wealth Management LLC grew its position in shares of Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after acquiring an additional 90 shares during the period. Finally, RPg Family Wealth Advisory LLC purchased a new position in shares of Boeing in the 3rd quarter valued at about $28,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft increased 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. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Boeing in a report on Wednesday, January 29th. Finally, Citigroup lifted their target price on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $195.16.

Boeing Stock Performance

Shares of Boeing stock opened at $173.65 on Friday. The business’s 50 day moving average price is $176.92 and its 200 day moving average price is $164.67. The company has a market cap of $130.25 billion, a price-to-earnings ratio of -9.48 and a beta of 1.52. The Boeing Company has a one year low of $137.03 and a one year high of $208.10.

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

Insiders Place Their Bets

In related 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 value of $570,799.71. Following the completion of the transaction, the executive vice president now directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.16% of the stock is owned by insiders.

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.