The Boeing Company (NYSE:BA) Shares Sold by Aviva PLC

Aviva PLC reduced its position in shares of The Boeing Company (NYSE:BA) by 20.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 227,248 shares of the aircraft producer’s stock after selling 57,217 shares during the period. Aviva PLC’s holdings in Boeing were worth $40,223,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Boeing by 24.4% in the 4th quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer’s stock valued at $11,406,361,000 after acquiring an additional 12,641,715 shares during the last quarter. Geode Capital Management LLC increased its stake in Boeing by 29.5% in the fourth quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer’s stock valued at $2,677,170,000 after purchasing an additional 3,452,075 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Boeing in the fourth quarter valued at $230,944,000. Amundi boosted its stake in Boeing by 473.6% in the 4th quarter. Amundi now owns 1,565,337 shares of the aircraft producer’s stock worth $268,862,000 after buying an additional 1,292,417 shares during the last quarter. Finally, Burkehill Global Management LP purchased a new stake in Boeing in the 4th quarter valued at about $212,400,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Down 9.5 %

BA stock opened at $136.61 on Monday. The stock’s 50 day moving average is $172.36 and its two-hundred day moving average is $164.28. The Boeing Company has a 52-week low of $128.74 and a 52-week high of $196.95. The company has a market capitalization of $102.47 billion, a PE ratio of -7.46 and a beta of 1.53.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the previous year, the business earned ($0.47) EPS. As a group, sell-side analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Insider Transactions at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the sale, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Melius raised shares of Boeing from a “hold” rating to a “buy” rating in a research report on Monday, March 24th. Susquehanna increased their price target on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price target on shares of Boeing in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $196.10.

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.