The Boeing Company (NYSE:BA) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE lessened its stake in The Boeing Company (NYSE:BA) by 39.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 19,392 shares of the aircraft producer’s stock after selling 12,497 shares during the period. Congress Wealth Management LLC DE’s holdings in Boeing were worth $3,433,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new stake in shares of Boeing in the fourth quarter valued at 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. acquired a new stake in shares of Boeing in the 4th quarter valued at approximately $28,000. HighMark Wealth Management LLC boosted its stake 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 buying an additional 90 shares in the last quarter. Finally, Anfield Capital Management LLC grew its holdings in Boeing by 113.1% during the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock worth $32,000 after acquiring an additional 95 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the transaction, the executive vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.09% of the company’s stock.

Boeing Stock Down 2.3 %

Shares of BA stock opened at $178.42 on Thursday. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $196.95. The firm’s 50 day moving average price is $173.74 and its two-hundred day moving average price is $164.00. The stock has a market cap of $133.83 billion, a price-to-earnings ratio of -9.74 and a beta of 1.53.

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

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Melius upgraded shares of Boeing from a “hold” rating to a “buy” rating in a research report on Monday. Susquehanna increased their target price on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. Wells Fargo & Company raised their price objective on Boeing from $103.00 to $113.00 and gave the company an “underweight” rating in a research note on Monday, March 17th. Finally, 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. 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $195.68.

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.