Parcion Private Wealth LLC Sells 412 Shares of The Boeing Company (NYSE:BA)

Parcion Private Wealth LLC trimmed its holdings in shares of The Boeing Company (NYSE:BA) by 3.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,276 shares of the aircraft producer’s stock after selling 412 shares during the quarter. Parcion Private Wealth LLC’s holdings in Boeing were worth $1,819,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Van ECK Associates Corp increased its holdings in Boeing by 122.0% in the 3rd quarter. Van ECK Associates Corp now owns 2,277,548 shares of the aircraft producer’s stock valued at $357,712,000 after buying an additional 1,251,456 shares during the period. International Assets Investment Management LLC increased its holdings in Boeing by 289.8% in the 3rd quarter. International Assets Investment Management LLC now owns 1,682,970 shares of the aircraft producer’s stock valued at $2,558,790,000 after buying an additional 1,251,165 shares during the period. Franklin Resources Inc. grew its holdings in shares of Boeing by 1,296.3% during the 3rd quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer’s stock valued at $169,386,000 after purchasing an additional 1,055,472 shares during the last quarter. State Street Corp grew its holdings in shares of Boeing by 2.3% during the 3rd quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer’s stock valued at $4,223,397,000 after purchasing an additional 636,594 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of Boeing by 9.9% during the 3rd quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock valued at $1,018,775,000 after purchasing an additional 602,143 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on BA shares. UBS Group lifted their price target on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Robert W. Baird cut their target price on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Benchmark reiterated a “buy” rating and set a $250.00 target price on shares of Boeing in a research report on Thursday, October 24th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Finally, Wells Fargo & Company boosted their price target on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $195.16.

Boeing Stock Up 0.7 %

Boeing stock opened at $186.20 on Thursday. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $208.10. The firm’s fifty day moving average is $176.32 and its 200 day moving average is $164.20. The company has a market capitalization of $139.66 billion, a PE ratio of -10.16 and a beta of 1.52.

Boeing (NYSE:BA) last announced its quarterly earnings results 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 quarter last year, the company posted ($0.47) EPS. Sell-side analysts expect that The Boeing Company will post -2.32 EPS for the current fiscal year.

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.