Simmons Bank Has $1.38 Million Stake in The Boeing Company (NYSE:BA)

Simmons Bank decreased its position in shares of The Boeing Company (NYSE:BA) by 10.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,775 shares of the aircraft producer’s stock after selling 885 shares during the quarter. Simmons Bank’s holdings in Boeing were worth $1,376,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Sierra Ocean LLC acquired a new position in Boeing during the 4th quarter worth about $26,000. Sugar Maple Asset Management LLC acquired a new position in Boeing during the 4th quarter worth about $27,000. RPg Family Wealth Advisory LLC acquired a new position in Boeing during the 3rd quarter worth about $28,000. Fiduciary Advisors Inc. acquired a new position in Boeing during the 4th quarter worth about $28,000. Finally, HighMark Wealth Management LLC lifted its holdings in Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after buying an additional 90 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction that occurred 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 $3,471,596.97. The trade was a 14.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Analyst Upgrades and Downgrades

BA has been the topic of several recent research reports. Susquehanna lifted their target price on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Wells Fargo & Company lifted their price objective on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a research report on Wednesday, January 29th. Citigroup lifted their price objective on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Finally, Sanford C. Bernstein lowered Boeing from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

Boeing Stock Performance

Shares of BA opened at $173.02 on Thursday. The stock has a 50 day moving average price of $176.99 and a two-hundred day moving average price of $164.61. The firm has a market capitalization of $129.77 billion, a P/E ratio of -9.44 and a beta of 1.52. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $208.10.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the previous year, the company earned ($0.47) earnings per share. On average, equities analysts forecast that The Boeing Company will post -2.58 earnings per share for the current 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.