The Boeing Company (NYSE:BA) Shares Sold by Field & Main Bank

Field & Main Bank reduced its position in The Boeing Company (NYSE:BA) by 4.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,030 shares of the aircraft producer’s stock after selling 87 shares during the period. Field & Main Bank’s holdings in Boeing were worth $529,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in BA. Jennison Associates LLC acquired a new position in shares of Boeing in the fourth quarter valued at approximately $960,397,000. Lazard Asset Management LLC raised its position in Boeing by 8,961.2% during the 3rd quarter. Lazard Asset Management LLC now owns 1,161,461 shares of the aircraft producer’s stock worth $222,628,000 after buying an additional 1,148,643 shares during the last quarter. Barclays PLC lifted its stake in shares of Boeing by 54.5% in the 3rd quarter. Barclays PLC now owns 2,351,731 shares of the aircraft producer’s stock worth $450,783,000 after acquiring an additional 829,321 shares during the period. Invesco Ltd. boosted its holdings in shares of Boeing by 30.1% in the third quarter. Invesco Ltd. now owns 3,279,421 shares of the aircraft producer’s stock valued at $628,599,000 after acquiring an additional 759,267 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in Boeing by 726.7% during the fourth quarter. Cerity Partners LLC now owns 624,906 shares of the aircraft producer’s stock worth $162,888,000 after purchasing an additional 549,318 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 3.8 %

Shares of NYSE BA traded up $6.31 during trading on Monday, reaching $173.53. 7,798,411 shares of the stock were exchanged, compared to its average volume of 9,734,126. The company has a market capitalization of $106.53 billion, a price-to-earnings ratio of -48.88 and a beta of 1.52. The business’s 50-day moving average price is $185.92 and its 200 day moving average price is $206.50. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. During the same period in the previous year, the business posted ($1.75) EPS. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, sell-side analysts expect that The Boeing Company will post -0.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on BA. The Goldman Sachs Group reduced their target price on Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a report on Monday, March 25th. Susquehanna dropped their target price on shares of Boeing from $265.00 to $230.00 and set a “positive” rating for the company in a report on Thursday, March 21st. Morgan Stanley lowered their price target on Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 10th. Royal Bank of Canada dropped their price objective on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Finally, Edward Jones downgraded Boeing from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $222.41.

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.