The Boeing Company (NYSE:BA) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its position in shares of The Boeing Company (NYSE:BA) by 0.5% in the fourth quarter, HoldingsChannel reports. The firm owned 164,457 shares of the aircraft producer’s stock after selling 826 shares during the period. Nisa Investment Advisors LLC’s holdings in Boeing were worth $29,109,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Thrivent Financial for Lutherans raised its stake in shares of Boeing by 28.2% during the second quarter. Thrivent Financial for Lutherans now owns 32,646 shares of the aircraft producer’s stock valued at $5,942,000 after purchasing an additional 7,182 shares in the last quarter. Frank Rimerman Advisors LLC increased its stake in Boeing by 1,401.6% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 2,778 shares of the aircraft producer’s stock valued at $506,000 after buying an additional 2,593 shares during the period. Public Sector Pension Investment Board raised its position in shares of Boeing by 72.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 21,790 shares of the aircraft producer’s stock worth $3,966,000 after buying an additional 9,171 shares in the last quarter. Evergreen Capital Management LLC lifted its stake in shares of Boeing by 3.1% in the 2nd quarter. Evergreen Capital Management LLC now owns 6,260 shares of the aircraft producer’s stock worth $1,139,000 after acquiring an additional 191 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Boeing by 61.3% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 111,023 shares of the aircraft producer’s stock worth $20,207,000 after acquiring an additional 42,174 shares during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

NYSE BA opened at $174.87 on Thursday. The firm has a market capitalization of $108.11 billion, a price-to-earnings ratio of -13.56 and a beta of 1.52. The company has a 50 day simple moving average of $164.20 and a 200-day simple moving average of $164.46. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $217.59.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the prior year, the business earned ($3.26) earnings per share. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, analysts predict that The Boeing Company will post -16.46 EPS for the current year.

Wall Street Analysts Forecast Growth

BA has been the subject of a number of research analyst reports. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. DZ Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a research report on Tuesday, October 15th. Finally, Wells Fargo & Company dropped their target price on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.21.

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.