Private Portfolio Partners LLC Has $1.48 Million Stock Holdings in The Boeing Company (NYSE:BA)

Private Portfolio Partners LLC lowered its stake in The Boeing Company (NYSE:BA) by 7.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,384 shares of the aircraft producer’s stock after selling 658 shares during the quarter. Private Portfolio Partners LLC’s holdings in Boeing were worth $1,484,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of BA. Sierra Ocean LLC bought a new position in shares of Boeing during the fourth quarter worth about $26,000. Sugar Maple Asset Management LLC acquired a new position in Boeing during the 4th quarter worth approximately $27,000. Fiduciary Advisors Inc. bought a new position in shares of Boeing during the 4th quarter worth approximately $28,000. HighMark Wealth Management LLC raised its holdings in shares of Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after purchasing an additional 90 shares during the last quarter. Finally, Anfield Capital Management LLC lifted its position in shares of Boeing by 113.1% in the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock worth $32,000 after purchasing an additional 95 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

BA has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. JPMorgan Chase & Co. upped their target price on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. UBS Group raised their price target on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Citigroup upped their price objective on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Finally, StockNews.com raised shares of Boeing to a “sell” rating in a research note on Wednesday, March 12th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.68.

Boeing Price Performance

BA opened at $167.92 on Wednesday. The business has a fifty day simple moving average of $173.82 and a 200 day simple moving average of $164.36. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $196.95. The company has a market capitalization of $125.95 billion, a PE ratio of -9.17 and a beta of 1.53.

Boeing (NYSE:BA) last announced its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the prior year, the company earned ($0.47) EPS. Equities analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the transaction, the executive vice president now owns 19,213 shares in the company, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.09% of the company’s stock.

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.