Sequoia Financial Advisors LLC Sells 17,521 Shares of The Boeing Company (NYSE:BA)

Sequoia Financial Advisors LLC lowered its stake in shares of The Boeing Company (NYSE:BA) by 45.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,858 shares of the aircraft producer’s stock after selling 17,521 shares during the period. Sequoia Financial Advisors LLC’s holdings in Boeing were worth $4,025,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Research Global Investors lifted its holdings in shares of Boeing by 35.5% during 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 purchasing an additional 4,425,964 shares in the last quarter. Jennison Associates LLC bought a new position in shares of Boeing during the 4th quarter valued at about $960,397,000. Wellington Management Group LLP lifted its holdings 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 valued at $896,434,000 after purchasing an additional 2,921,043 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Boeing by 23.7% during the 4th 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 purchasing an additional 1,884,850 shares in the last quarter. Finally, Boston Partners lifted its holdings in shares of Boeing by 861.6% during the 4th quarter. Boston Partners now owns 1,804,853 shares of the aircraft producer’s stock valued at $467,338,000 after purchasing an additional 1,617,151 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

BA traded up $0.52 during trading on Friday, hitting $184.83. The stock had a trading volume of 3,290,380 shares, compared to its average volume of 5,203,792. The company has a 50 day moving average price of $180.24 and a 200-day moving average price of $196.31. The firm has a market cap of $113.46 billion, a price-to-earnings ratio of -52.06 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.

Boeing (NYSE:BA) last released its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.43) by $0.30. The company had revenue of $16.57 billion for the quarter, compared to the consensus estimate of $17.69 billion. As a group, sell-side analysts predict that The Boeing Company will post -1.67 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BA shares. StockNews.com cut Boeing from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Melius reaffirmed a “hold” rating on shares of Boeing in a research report on Monday, April 1st. TD Cowen lowered their price target on Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a research report on Monday, March 25th. Melius Research reaffirmed a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Finally, Benchmark reaffirmed a “buy” rating and set a $250.00 price target on shares of Boeing in a research report on Tuesday, March 26th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $220.89.

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.