The Boeing Company (NYSE:BA) Shares Sold by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. decreased its position in The Boeing Company (NYSE:BA) by 2.0% in the 4th quarter, Holdings Channel reports. The fund owned 9,352 shares of the aircraft producer’s stock after selling 186 shares during the period. Meeder Advisory Services Inc.’s holdings in Boeing were worth $1,655,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in BA. Sierra Ocean LLC purchased a new stake in Boeing during the 4th quarter worth $26,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Boeing during the fourth quarter valued at about $27,000. Fiduciary Advisors Inc. acquired a new stake in shares of Boeing during the fourth quarter valued at about $28,000. HighMark Wealth Management LLC lifted its stake in shares of Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after acquiring an additional 90 shares in the last quarter. Finally, Anfield Capital Management LLC lifted its stake in shares of Boeing by 113.1% in the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock worth $32,000 after acquiring an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.09% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on BA shares. Wells Fargo & Company lifted their price objective on Boeing from $103.00 to $113.00 and gave the stock an “underweight” rating in a report on Monday, March 17th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday, January 29th. Melius Research upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 24th. UBS Group boosted their target price on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Finally, Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $195.68.

Boeing Stock Up 0.4 %

Shares of NYSE:BA opened at $168.79 on Thursday. The company’s 50-day moving average price is $173.70 and its 200 day moving average price is $164.39. The company has a market cap of $126.60 billion, a PE ratio of -9.21 and a beta of 1.53. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $196.95.

Boeing (NYSE:BA) last issued its quarterly earnings data 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 period last year, the business posted ($0.47) earnings per share. As a group, equities analysts anticipate that The Boeing Company will post -2.58 EPS 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.