Sterling Capital Management LLC Sells 1,488 Shares of The Boeing Company (NYSE:BA)

Sterling Capital Management LLC lessened its holdings in shares of The Boeing Company (NYSE:BA) by 3.9% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 36,432 shares of the aircraft producer’s stock after selling 1,488 shares during the period. Sterling Capital Management LLC’s holdings in Boeing were worth $6,448,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Sierra Ocean LLC acquired a new stake in shares of Boeing in the 4th quarter valued at $26,000. Sugar Maple Asset Management LLC acquired a new position in shares of Boeing during the fourth quarter valued at $27,000. Fiduciary Advisors Inc. bought a new position in Boeing in the fourth quarter valued at about $28,000. HighMark Wealth Management LLC increased its position in Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after purchasing an additional 90 shares during the period. Finally, Anfield Capital Management LLC raised its holdings in Boeing by 113.1% during the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock worth $32,000 after purchasing an additional 95 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BA. Melius raised shares of Boeing from a “hold” rating to a “buy” rating in a research note on Monday, March 24th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a research note on Wednesday, January 29th. UBS Group upped their target price on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Citigroup raised their price target on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Finally, Melius Research set a $204.00 price objective on Boeing in a report on Monday, March 24th. Two analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and an average target price of $196.10.

Insider Activity

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

Boeing Trading Up 0.9 %

BA stock opened at $156.95 on Friday. The stock has a market cap of $117.73 billion, a PE ratio of -8.57 and a beta of 1.24. The stock has a 50-day moving average price of $168.68 and a two-hundred day moving average price 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 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 last year, the business earned ($0.47) earnings per share. On average, analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal 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.