River Global Investors LLP Sells 67 Shares of The Boeing Company (NYSE:BA)

River Global Investors LLP trimmed its position in shares of The Boeing Company (NYSE:BA) by 1.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 6,378 shares of the aircraft producer’s stock after selling 67 shares during the quarter. River Global Investors LLP’s holdings in Boeing were worth $1,663,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. DiNuzzo Private Wealth Inc. purchased a new stake in Boeing in the 4th quarter valued at about $28,000. Evolution Advisers Inc. bought a new stake in shares of Boeing during the fourth quarter valued at approximately $28,000. CNB Bank boosted its holdings in shares of Boeing by 106.5% in the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after purchasing an additional 66 shares during the period. Naples Money Management LLC purchased a new position in Boeing during the 4th quarter worth $44,000. Finally, M&R Capital Management Inc. raised its position in Boeing by 35.0% during the 4th quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock valued at $50,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

BA has been the topic of a number of recent research reports. Susquehanna dropped their price target on Boeing from $265.00 to $230.00 and set a “positive” rating on the stock in a research report on Thursday, March 21st. JPMorgan Chase & Co. cut their target price on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Royal Bank of Canada reduced their price target on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. UBS Group cut their price objective on shares of Boeing from $275.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, March 21st. Finally, Melius Research restated a “hold” rating on shares of Boeing in a report on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $222.41.

Boeing Trading Up 0.5 %

Shares of NYSE BA traded up $0.94 during midday trading on Friday, reaching $179.79. The company had a trading volume of 5,416,263 shares, compared to its average volume of 8,228,397. The Boeing Company has a 1 year low of $159.70 and a 1 year high of $267.54. The business’s 50-day simple moving average is $183.74 and its 200 day simple moving average is $206.20. The stock has a market cap of $110.37 billion, a P/E ratio of -50.64 and a beta of 1.54.

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, beating analysts’ consensus estimates of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to analysts’ expectations of $21.14 billion. During the same quarter in the previous year, the business posted ($1.75) EPS. The business’s quarterly revenue was up 10.2% on a year-over-year basis. Analysts predict that The Boeing Company will post -0.18 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.