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

SeaCrest Wealth Management LLC reduced its position in shares of The Boeing Company (NYSE:BA) by 21.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,339 shares of the aircraft producer’s stock after selling 2,305 shares during the period. SeaCrest Wealth Management LLC’s holdings in Boeing were worth $2,076,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Boeing by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 47,609,508 shares of the aircraft producer’s stock valued at $9,125,790,000 after acquiring an additional 356,496 shares in the last quarter. State Street Corp boosted its holdings in shares of Boeing by 1.5% in the 2nd quarter. State Street Corp now owns 26,416,857 shares of the aircraft producer’s stock valued at $5,578,184,000 after buying an additional 392,811 shares in the last quarter. Moneta Group Investment Advisors LLC increased its position in shares of Boeing by 109,667.8% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 16,055,730 shares of the aircraft producer’s stock worth $3,058,456,000 after purchasing an additional 16,041,103 shares in the last quarter. Morgan Stanley lifted its stake in Boeing by 1.1% in the third quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock valued at $1,602,880,000 after buying an additional 91,801 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its stake in Boeing by 7.9% during the 2nd quarter. Nuveen Asset Management LLC now owns 6,200,798 shares of the aircraft producer’s stock worth $1,309,361,000 after purchasing an additional 452,721 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BA has been the topic of several recent research reports. UBS Group dropped their price objective on shares of Boeing from $275.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, March 21st. Barclays increased their target price on Boeing from $210.00 to $235.00 and gave the company an “equal weight” rating in a report on Wednesday, December 6th. TD Cowen cut their price target on Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a report on Monday. Benchmark reaffirmed a “buy” rating and set a $250.00 price objective on shares of Boeing in a research note on Tuesday. Finally, Morgan Stanley reissued an “equal weight” rating and set a $235.00 price target on shares of Boeing in a research note on Monday. Seven investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $241.53.

Boeing Stock Up 0.5 %

BA stock traded up $0.88 during trading on Thursday, hitting $192.83. 4,468,648 shares of the company’s stock traded hands, compared to its average volume of 10,419,768. The stock has a fifty day moving average price of $200.59 and a two-hundred day moving average price of $209.84. The Boeing Company has a 52 week low of $176.25 and a 52 week high of $267.54. The stock has a market capitalization of $117.65 billion, a price-to-earnings ratio of -52.40, a price-to-earnings-growth ratio of 30.31 and a beta of 1.52.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, topping the consensus estimate of ($0.72) by $0.25. The business had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. During the same quarter last year, the company earned ($1.75) EPS. Boeing’s revenue was up 10.2% compared to the same quarter last year. As a group, equities research analysts expect that The Boeing Company will post 1.55 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.