The Boeing Company (NYSE:BA) Shares Sold by Jacobi Capital Management LLC

Jacobi Capital Management LLC lowered its holdings in The Boeing Company (NYSE:BA) by 8.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,297 shares of the aircraft producer’s stock after selling 1,090 shares during the period. Jacobi Capital Management LLC’s holdings in Boeing were worth $1,999,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in BA. HM Payson & Co. increased its position in shares of Boeing by 2.7% in the third quarter. HM Payson & Co. now owns 3,087 shares of the aircraft producer’s stock worth $469,000 after acquiring an additional 81 shares in the last quarter. Stephens Inc. AR increased its position in shares of Boeing by 3.4% in the third quarter. Stephens Inc. AR now owns 41,160 shares of the aircraft producer’s stock worth $6,258,000 after acquiring an additional 1,339 shares in the last quarter. Gladstone Institutional Advisory LLC increased its position in shares of Boeing by 4.9% in the third quarter. Gladstone Institutional Advisory LLC now owns 9,167 shares of the aircraft producer’s stock worth $1,394,000 after acquiring an additional 431 shares in the last quarter. Americana Partners LLC purchased a new position in shares of Boeing in the third quarter worth approximately $1,082,000. Finally, Dash Acquisitions Inc. purchased a new position in shares of Boeing in the third quarter worth approximately $233,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Transactions at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the business’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 sale, the executive vice president now directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.16% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

BA has been the topic of several analyst reports. Citigroup lifted their target price on shares of Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. boosted their price objective on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $195.16.

Boeing Trading Up 0.6 %

Shares of Boeing stock opened at $174.84 on Friday. The firm has a fifty day simple moving average of $176.87 and a 200-day simple moving average of $164.71. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $206.62. The stock has a market capitalization of $131.14 billion, a price-to-earnings ratio of -9.54 and a beta of 1.52.

Boeing (NYSE:BA) last issued its quarterly earnings data 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 last year, the business posted ($0.47) EPS. As a group, research analysts predict 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.