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% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Strategic Blueprint LLC increased its position in shares of Boeing by 8.7% during the fourth quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock worth $859,000 after acquiring an additional 264 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its holdings in shares of Boeing by 41.5% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 15,761 shares of the aircraft producer’s stock valued at $4,108,000 after purchasing an additional 4,622 shares in the last quarter. Orca Investment Management LLC boosted its position in shares of Boeing by 5.5% during the fourth quarter. Orca Investment Management LLC now owns 3,772 shares of the aircraft producer’s stock worth $983,000 after buying an additional 195 shares during the period. One Charles Private Wealth Services LLC bought a new position in shares of Boeing during the fourth quarter worth about $205,000. Finally, Morse Asset Management Inc raised its position in Boeing by 65.0% in the 3rd quarter. Morse Asset Management Inc now owns 7,999 shares of the aircraft producer’s stock valued at $1,533,000 after buying an additional 3,152 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of NYSE:BA traded up $0.94 during mid-day trading on Friday, reaching $179.79. 5,416,263 shares of the company’s stock were exchanged, compared to its average volume of 8,228,397. The firm has a market capitalization of $110.37 billion, a price-to-earnings ratio of -50.64 and a beta of 1.54. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54. The business’s fifty day moving average price is $183.74 and its 200-day moving average price is $206.20.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, topping analysts’ consensus estimates 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. The business’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.75) earnings per share. Analysts predict that The Boeing Company will post -0.18 EPS for the current fiscal year.

Analysts Set New Price Targets

BA has been the subject of a number of recent research reports. Stifel Nicolaus reduced their price objective on shares of Boeing from $270.00 to $260.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. StockNews.com cut Boeing from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Edward Jones cut shares of Boeing from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Northcoast Research cut shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 target price on the stock. in a report on Wednesday, April 17th. Finally, Melius Research reiterated a “hold” rating on shares of Boeing in a report on Monday, April 1st. Two 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. According to data from MarketBeat, Boeing currently has an average rating of “Hold” and a consensus target price of $222.41.

Boeing 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.