The Boeing Company (NYSE:BA) Shares Sold by Fidelity D & D Bancorp Inc.

Fidelity D & D Bancorp Inc. trimmed its stake in The Boeing Company (NYSE:BA) by 8.6% during the first quarter, HoldingsChannel.com reports. The fund owned 1,313 shares of the aircraft producer’s stock after selling 124 shares during the period. Fidelity D & D Bancorp Inc.’s holdings in Boeing were worth $253,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Capital Research Global Investors boosted its position in shares of Boeing by 35.5% in the fourth quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock worth $4,400,109,000 after buying an additional 4,425,964 shares during the period. Jennison Associates LLC acquired a new stake in shares of Boeing in the fourth quarter worth $960,397,000. Wellington Management Group LLP boosted its position in shares of Boeing by 563.9% in the fourth quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock worth $896,434,000 after buying an additional 2,921,043 shares during the period. Price T Rowe Associates Inc. MD boosted its position in shares of Boeing by 23.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock worth $2,560,466,000 after buying an additional 1,884,850 shares during the period. Finally, Boston Partners boosted its position in shares of Boeing by 861.6% in the fourth quarter. Boston Partners now owns 1,804,853 shares of the aircraft producer’s stock worth $467,338,000 after buying an additional 1,617,151 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Trading Down 0.3 %

Shares of Boeing stock traded down $0.50 during trading on Friday, reaching $182.01. The company’s stock had a trading volume of 5,899,850 shares, compared to its average volume of 5,801,654. The business’s fifty day moving average price is $178.50 and its 200-day moving average price is $198.77. The Boeing Company has a one year low of $159.70 and a one year high of $267.54.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, topping analysts’ consensus estimates of ($1.43) by $0.30. The business had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $17.69 billion. Equities research analysts forecast that The Boeing Company will post -1.67 earnings per share for the current year.

Wall Street Analyst Weigh In

BA has been the subject of several recent analyst reports. The Goldman Sachs Group decreased their target price on Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research report on Monday, March 25th. UBS Group reduced their price objective on Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Melius Research restated a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Melius reaffirmed a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Finally, Benchmark reiterated a “buy” rating and set a $250.00 price target on shares of Boeing in a report on Tuesday, March 26th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $220.89.

About Boeing

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.