The Boeing Company (NYSE:BA) Shares Sold by Highland Capital Management LLC

Highland Capital Management LLC trimmed its position in The Boeing Company (NYSE:BA) by 24.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,028 shares of the aircraft producer’s stock after selling 7,605 shares during the quarter. Highland Capital Management LLC’s holdings in Boeing were worth $6,263,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. United Bank lifted its holdings in shares of Boeing by 4.7% in the 1st quarter. United Bank now owns 5,036 shares of the aircraft producer’s stock worth $964,000 after acquiring an additional 226 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of Boeing by 1,064.4% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 850 shares of the aircraft producer’s stock worth $163,000 after acquiring an additional 777 shares during the last quarter. Panagora Asset Management Inc. lifted its holdings in shares of Boeing by 68.0% in the 1st quarter. Panagora Asset Management Inc. now owns 7,111 shares of the aircraft producer’s stock worth $1,362,000 after acquiring an additional 2,879 shares during the last quarter. Prudential PLC acquired a new position in shares of Boeing in the 1st quarter worth approximately $836,000. Finally, Dakota Wealth Management lifted its holdings in shares of Boeing by 26.7% in the 1st quarter. Dakota Wealth Management now owns 2,127 shares of the aircraft producer’s stock worth $408,000 after acquiring an additional 448 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BA has been the topic of several recent analyst reports. JPMorgan Chase & Co. decreased their price objective on shares of Boeing from $270.00 to $230.00 and set an “overweight” rating on the stock in a report on Monday. Wells Fargo & Company reduced their target price on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating on the stock in a report on Thursday, February 1st. UBS Group reduced their target price on shares of Boeing from $275.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, March 21st. Morgan Stanley reiterated an “equal weight” rating and set a $235.00 target price on shares of Boeing in a report on Monday. Finally, TD Cowen reduced their target price on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a report on Monday. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $242.65.

Boeing Price Performance

NYSE BA opened at $191.96 on Thursday. The company has a market capitalization of $117.12 billion, a price-to-earnings ratio of -51.89, a price-to-earnings-growth ratio of 30.94 and a beta of 1.52. The firm’s fifty day moving average price is $200.81 and its 200 day moving average price is $209.96. The Boeing Company has a 12 month low of $176.25 and a 12 month high of $267.54.

Boeing (NYSE:BA) last issued 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 business had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.75) EPS. As a group, sell-side analysts forecast that The Boeing Company will post 1.55 earnings per share for the current year.

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.