Manhattan West Asset Management LLC Sells 1,941 Shares of The Boeing Company (NYSE:BA)

Manhattan West Asset Management LLC trimmed its holdings in shares of The Boeing Company (NYSE:BA) by 58.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,405 shares of the aircraft producer’s stock after selling 1,941 shares during the quarter. Manhattan West Asset Management LLC’s holdings in Boeing were worth $249,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. TD Private Client Wealth LLC boosted its position in shares of Boeing by 15.6% in the third quarter. TD Private Client Wealth LLC now owns 1,734 shares of the aircraft producer’s stock worth $264,000 after purchasing an additional 234 shares during the period. Virtu Financial LLC bought a new position in Boeing in the 3rd quarter worth $7,544,000. World Investment Advisors LLC boosted its holdings in Boeing by 243.4% in the 3rd quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer’s stock worth $818,000 after buying an additional 3,814 shares during the period. Wilmington Savings Fund Society FSB grew its position in shares of Boeing by 290.0% during the third quarter. Wilmington Savings Fund Society FSB now owns 17,053 shares of the aircraft producer’s stock worth $2,593,000 after purchasing an additional 12,680 shares in the last quarter. Finally, Tidal Investments LLC raised its position in shares of Boeing by 2.1% during the third quarter. Tidal Investments LLC now owns 38,230 shares of the aircraft producer’s stock valued at $5,812,000 after buying an additional 804 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the transaction, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.09% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on BA shares. Citigroup lifted their price target on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a report on Monday, February 10th. StockNews.com upgraded Boeing to a “sell” rating in a research report on Saturday, April 5th. UBS Group raised their price target on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of Boeing in a research report on Wednesday, January 29th. Finally, Melius raised shares of Boeing from a “hold” rating to a “buy” rating in a research note on Monday, March 24th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $196.10.

Boeing Price Performance

Boeing stock opened at $156.95 on Friday. The stock has a market cap of $117.73 billion, a price-to-earnings ratio of -8.57 and a beta of 1.24. The firm has a 50-day moving average of $168.68 and a two-hundred day moving average of $163.94. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $196.95.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the prior year, the company earned ($0.47) earnings per share. Research analysts expect that The Boeing Company will post -2.58 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.