Horizon Wealth Management LLC Sells 6,027 Shares of The Boeing Company (NYSE:BA)

Horizon Wealth Management LLC lowered its stake in shares of The Boeing Company (NYSE:BA) by 84.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,105 shares of the aircraft producer’s stock after selling 6,027 shares during the quarter. Horizon Wealth Management LLC’s holdings in Boeing were worth $213,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Capital Research Global Investors raised its position in shares of Boeing by 35.5% in the 4th quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock valued at $4,400,109,000 after acquiring an additional 4,425,964 shares during the period. Jennison Associates LLC acquired a new stake in Boeing during the 4th quarter worth approximately $960,397,000. Wellington Management Group LLP grew its stake in shares of Boeing by 563.9% during the 4th quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock worth $896,434,000 after acquiring an additional 2,921,043 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Boeing by 23.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock valued at $2,560,466,000 after buying an additional 1,884,850 shares in the last quarter. Finally, Boston Partners grew its stake in shares of Boeing by 861.6% in the fourth quarter. Boston Partners now owns 1,804,853 shares of the aircraft producer’s stock valued at $467,338,000 after buying an additional 1,617,151 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on BA. Susquehanna reissued a “positive” rating and issued a $230.00 target price on shares of Boeing in a research note on Wednesday, May 15th. Royal Bank of Canada dropped their target price on Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $240.00 price target on shares of Boeing in a research note on Wednesday, May 15th. Melius Research reaffirmed a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Finally, Benchmark reaffirmed a “buy” rating and issued a $250.00 price target on shares of Boeing in a research note on Tuesday, March 26th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Boeing currently has an average rating of “Moderate Buy” and an average price target of $220.89.

Boeing Trading Up 2.4 %

Shares of BA stock traded up $4.44 on Monday, hitting $186.45. 6,699,646 shares of the stock were exchanged, compared to its average volume of 8,542,134. The firm has a market capitalization of $114.46 billion, a PE ratio of -52.19 and a beta of 1.56. The Boeing Company has a one year low of $159.70 and a one year high of $267.54. The firm’s 50 day moving average is $178.50 and its two-hundred day moving average is $198.05.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.43) by $0.30. The company had revenue of $16.57 billion for the quarter, compared to analysts’ expectations of $17.69 billion. On average, sell-side analysts expect that The Boeing Company will post -1.67 earnings per share for the current year.

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.