Hyman Charles D Trims Holdings in The Boeing Company (NYSE:BA)

Hyman Charles D lessened its stake in shares of The Boeing Company (NYSE:BA) by 3.5% during the 4th quarter, Holdings Channel reports. The fund owned 13,001 shares of the aircraft producer’s stock after selling 475 shares during the quarter. Hyman Charles D’s holdings in Boeing were worth $3,389,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BA. CNB Bank raised its holdings in Boeing by 106.5% in the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after buying an additional 66 shares during the period. Evolution Advisers Inc. acquired a new position in shares of Boeing in the 4th quarter worth approximately $28,000. DiNuzzo Private Wealth Inc. acquired a new stake in Boeing in the 4th quarter valued at approximately $28,000. Naples Money Management LLC acquired a new position in Boeing during the fourth quarter worth $44,000. Finally, Blue Bell Private Wealth Management LLC raised its position in Boeing by 66.2% in the third quarter. Blue Bell Private Wealth Management LLC now owns 236 shares of the aircraft producer’s stock worth $45,000 after acquiring an additional 94 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BA has been the subject of a number of research analyst reports. Susquehanna cut their price target on shares of Boeing from $265.00 to $230.00 and set a “positive” rating for the company in a report on Thursday, March 21st. Deutsche Bank Aktiengesellschaft decreased their price objective on Boeing from $240.00 to $225.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Bank of America decreased their price target on shares of Boeing from $210.00 to $190.00 and set a “neutral” rating on the stock in a research note on Thursday, April 11th. Stifel Nicolaus reduced their price objective on shares of Boeing from $270.00 to $260.00 and set a “buy” rating on the stock in a research note on Wednesday, April 10th. Finally, The Goldman Sachs Group lowered their target price on shares of Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research note on Monday, March 25th. 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. According to data from MarketBeat, Boeing has an average rating of “Hold” and a consensus target price of $222.41.

Boeing Stock Performance

Boeing stock traded down $1.64 during trading on Tuesday, reaching $176.71. 5,070,139 shares of the company’s stock were exchanged, compared to its average volume of 9,605,755. The company’s 50-day moving average is $182.80 and its two-hundred day moving average is $206.14. The Boeing Company has a 52-week low of $159.70 and a 52-week high of $267.54. The firm has a market cap of $108.48 billion, a price-to-earnings ratio of -49.78 and a beta of 1.54.

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.