The Boeing Company (NYSE:BA) Shares Sold by Investment Partners LTD.

Investment Partners LTD. lessened its holdings in shares of The Boeing Company (NYSE:BA) by 3.7% during the 1st quarter, HoldingsChannel reports. The firm owned 4,318 shares of the aircraft producer’s stock after selling 166 shares during the period. Investment Partners LTD.’s holdings in The Boeing were worth $1,100,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in BA. Newport Trust Co raised its holdings in shares of The Boeing by 41.0% during the 4th quarter. Newport Trust Co now owns 49,550,937 shares of the aircraft producer’s stock worth $10,606,874,000 after acquiring an additional 14,409,687 shares during the period. BlackRock Inc. raised its holdings in shares of The Boeing by 3.3% during the 4th quarter. BlackRock Inc. now owns 31,244,004 shares of the aircraft producer’s stock worth $6,688,091,000 after acquiring an additional 1,000,081 shares during the period. Morgan Stanley raised its holdings in shares of The Boeing by 28.7% during the 4th quarter. Morgan Stanley now owns 7,508,555 shares of the aircraft producer’s stock worth $1,607,282,000 after acquiring an additional 1,673,366 shares during the period. FMR LLC raised its holdings in shares of The Boeing by 75.9% during the 4th quarter. FMR LLC now owns 6,095,082 shares of the aircraft producer’s stock worth $1,304,713,000 after acquiring an additional 2,629,054 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of The Boeing by 7.8% during the 4th quarter. Bank of New York Mellon Corp now owns 4,562,147 shares of the aircraft producer’s stock worth $976,576,000 after acquiring an additional 331,409 shares during the period. 51.41% of the stock is currently owned by institutional investors.

BA traded up $2.87 on Tuesday, reaching $230.85. The company’s stock had a trading volume of 250,297 shares, compared to its average volume of 15,317,435. The stock has a 50 day moving average of $241.79 and a two-hundred day moving average of $220.66. The company has a market capitalization of $135.00 billion, a price-to-earnings ratio of -28.89, a P/E/G ratio of 101.91 and a beta of 1.65. The Boeing Company has a fifty-two week low of $125.80 and a fifty-two week high of $278.57.

The Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, April 27th. The aircraft producer reported ($1.53) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.17) by ($0.36). The company had revenue of $15.22 billion during the quarter, compared to analysts’ expectations of $15.95 billion. The firm’s quarterly revenue was down 10.0% compared to the same quarter last year. During the same period last year, the business earned ($1.70) earnings per share. On average, research analysts forecast that The Boeing Company will post -9.39 EPS for the current year.

In related news, insider Carol J. Hibbard sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, May 13th. The stock was sold at an average price of $224.97, for a total value of $449,940.00. Following the completion of the transaction, the insider now directly owns 7,462 shares of the company’s stock, valued at $1,678,726.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.16% of the company’s stock.

BA has been the topic of several research analyst reports. Berenberg Bank set a $215.00 price objective on shares of The Boeing and gave the company a “hold” rating in a report on Wednesday, January 20th. Wells Fargo & Company initiated coverage on shares of The Boeing in a report on Tuesday. They issued an “equal weight” rating and a $244.00 price objective on the stock. Susquehanna boosted their price objective on shares of The Boeing from $250.00 to $300.00 and gave the company a “positive” rating in a report on Thursday, March 25th. Benchmark reduced their price objective on shares of The Boeing from $290.00 to $270.00 and set a “buy” rating on the stock in a report on Friday, February 19th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $305.00 price objective on shares of The Boeing in a report on Wednesday, April 14th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $246.04.

About The Boeing

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for The Boeing (NYSE:BA)

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