The Boeing Company (NYSE:BA) Shares Sold by Clifford Swan Investment Counsel LLC

Clifford Swan Investment Counsel LLC lowered its holdings in The Boeing Company (NYSE:BA) by 4.2% in the fourth quarter, HoldingsChannel reports. The firm owned 53,010 shares of the aircraft producer’s stock after selling 2,341 shares during the period. Clifford Swan Investment Counsel LLC’s holdings in Boeing were worth $13,818,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Robeco Institutional Asset Management B.V. raised its holdings in shares of Boeing by 3.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 31,917 shares of the aircraft producer’s stock worth $6,118,000 after purchasing an additional 1,133 shares during the period. Brown Advisory Inc. raised its holdings in Boeing by 2.4% during the third quarter. Brown Advisory Inc. now owns 43,816 shares of the aircraft producer’s stock worth $8,399,000 after purchasing an additional 1,047 shares in the last quarter. Chicago Capital LLC lifted its position in Boeing by 1.4% in the third quarter. Chicago Capital LLC now owns 4,454 shares of the aircraft producer’s stock worth $854,000 after purchasing an additional 61 shares during the period. Verdence Capital Advisors LLC boosted its stake in Boeing by 7.3% during the 3rd quarter. Verdence Capital Advisors LLC now owns 15,035 shares of the aircraft producer’s stock valued at $2,882,000 after purchasing an additional 1,022 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Boeing by 2.4% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 101,760 shares of the aircraft producer’s stock worth $19,505,000 after buying an additional 2,344 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Price Performance

BA traded up $0.94 on Friday, reaching $179.79. 5,416,263 shares of the company traded hands, compared to its average volume of 8,228,397. The company has a market cap of $110.37 billion, a price-to-earnings ratio of -50.64 and a beta of 1.54. The stock’s 50 day moving average price is $183.74 and its 200-day moving average price is $206.20. The Boeing Company has a 52-week low of $159.70 and a 52-week high of $267.54.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) 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 analyst estimates of $21.14 billion. During the same period last year, the business earned ($1.75) EPS. The company’s quarterly revenue was up 10.2% on a year-over-year basis. As a group, equities research analysts forecast that The Boeing Company will post -0.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on BA. JPMorgan Chase & Co. lowered their target price on Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. Sanford C. Bernstein lowered their price objective on shares of Boeing from $272.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, April 8th. Morgan Stanley dropped their price target on Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 10th. StockNews.com lowered Boeing from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Finally, Royal Bank of Canada cut their target price on Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $222.41.

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.