The Boeing Company (NYSE:BA) Shares Sold by Sandhill Capital Partners LLC

Sandhill Capital Partners LLC lessened its stake in The Boeing Company (NYSE:BA) by 12.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,117 shares of the aircraft producer’s stock after selling 2,646 shares during the quarter. Sandhill Capital Partners LLC’s holdings in Boeing were worth $4,722,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in BA. CNB Bank boosted its holdings in shares of Boeing by 106.5% in the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after purchasing an additional 66 shares during the last quarter. Park Place Capital Corp boosted its holdings in shares of Boeing by 185.1% in the 3rd quarter. Park Place Capital Corp now owns 211 shares of the aircraft producer’s stock valued at $40,000 after purchasing an additional 137 shares during the last quarter. Lowe Wealth Advisors LLC purchased a new position in shares of Boeing in the 3rd quarter valued at $43,000. Naples Money Management LLC purchased a new position in shares of Boeing in the 4th quarter valued at $44,000. Finally, Blue Bell Private Wealth Management LLC raised its stake in shares of Boeing by 66.2% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 236 shares of the aircraft producer’s stock valued at $45,000 after acquiring an additional 94 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Up 1.5 %

BA stock traded up $2.48 during mid-day trading on Thursday, hitting $166.81. 12,448,376 shares of the company were exchanged, compared to its average volume of 9,789,682. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54. The firm has a fifty day simple moving average of $188.03 and a 200 day simple moving average of $206.89. The company has a market capitalization of $101.78 billion, a PE ratio of -45.33, a price-to-earnings-growth ratio of 133.97 and a beta of 1.52.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, beating the consensus estimate of ($0.72) by $0.25. The business had revenue of $22.02 billion during the quarter, compared to analyst estimates of $21.14 billion. During the same period last year, the firm posted ($1.75) earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis. As a group, sell-side analysts anticipate that The Boeing Company will post 0.32 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wells Fargo & Company cut their target price on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 1st. Sanford C. Bernstein cut their target price on shares of Boeing from $272.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, April 8th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Boeing from $240.00 to $225.00 and set a “buy” rating on the stock in a research note on Thursday. Melius reissued a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Finally, JPMorgan Chase & Co. dropped their price target on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and a consensus price target of $222.41.

Boeing 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.