Hyman Charles D Cuts Stock Position in The Boeing Company (NYSE:BA)

Hyman Charles D cut its holdings in shares of The Boeing Company (NYSE:BA) by 3.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,001 shares of the aircraft producer’s stock after selling 475 shares during the quarter. Hyman Charles D’s holdings in Boeing were worth $3,389,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Trust Co. of Vermont lifted its stake in shares of Boeing by 1.0% during the 3rd quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock valued at $841,000 after buying an additional 45 shares in the last quarter. Benchmark Financial Wealth Advisors LLC boosted its stake in shares of Boeing by 2.7% in the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock worth $465,000 after acquiring an additional 47 shares during the period. WealthPlan Investment Management LLC grew its position in shares of Boeing by 1.0% during the fourth quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock worth $1,229,000 after purchasing an additional 49 shares in the last quarter. RB Capital Management LLC raised its stake in Boeing by 2.7% during the 3rd quarter. RB Capital Management LLC now owns 1,893 shares of the aircraft producer’s stock valued at $363,000 after purchasing an additional 50 shares during the period. Finally, M&R Capital Management Inc. lifted its holdings in Boeing by 35.0% in the 4th quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock worth $50,000 after purchasing an additional 50 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Trading Down 0.9 %

Shares of NYSE BA traded down $1.64 during trading hours on Tuesday, reaching $176.71. The stock had a trading volume of 5,070,139 shares, compared to its average volume of 9,605,755. The business’s fifty day moving average price is $182.80 and its two-hundred day moving average price is $206.14. The firm has a market cap of $108.48 billion, a price-to-earnings ratio of -49.78 and a beta of 1.54. The Boeing Company has a 52-week low of $159.70 and a 52-week high of $267.54.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Susquehanna reduced their price objective on shares of Boeing from $265.00 to $230.00 and set a “positive” rating on the stock in a research report on Thursday, March 21st. JPMorgan Chase & Co. cut their price target on Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Sanford C. Bernstein decreased their price objective on Boeing from $272.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, April 8th. UBS Group cut their target price on shares of Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, March 21st. Finally, Melius reaffirmed a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Boeing has a consensus rating of “Hold” and an average price target of $222.41.

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.