Manhattan West Asset Management LLC Sells 1,941 Shares of The Boeing Company (NYSE:BA)

Manhattan West Asset Management LLC trimmed its position in The Boeing Company (NYSE:BA) by 58.0% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,405 shares of the aircraft producer’s stock after selling 1,941 shares during the quarter. Manhattan West Asset Management LLC’s holdings in Boeing were worth $249,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the business. AdvisorNet Financial Inc increased its position in Boeing by 54.2% during the 4th quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer’s stock valued at $358,000 after buying an additional 710 shares in the last quarter. Carnegie Investment Counsel raised its position in shares of Boeing by 175.6% in the 4th quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer’s stock valued at $818,000 after purchasing an additional 2,943 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Boeing by 6.1% in the 3rd quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock worth $101,296,000 after purchasing an additional 38,332 shares in the last quarter. World Investment Advisors LLC increased its position in shares of Boeing by 243.4% in the 3rd quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer’s stock valued at $818,000 after acquiring an additional 3,814 shares during the period. Finally, Amundi lifted its holdings in shares of Boeing by 473.6% during the fourth quarter. Amundi now owns 1,565,337 shares of the aircraft producer’s stock worth $268,862,000 after purchasing an additional 1,292,417 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Price Performance

NYSE:BA opened at $156.95 on Friday. The company’s 50-day moving average is $168.68 and its two-hundred day moving average is $163.94. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $196.95. The firm has a market capitalization of $117.73 billion, a price-to-earnings ratio of -8.57 and a beta of 1.24.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the prior year, the firm posted ($0.47) earnings per share. As a group, equities analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

BA has been the subject of several recent research reports. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $190.00 to $210.00 in a research report on Monday, January 6th. StockNews.com raised shares of Boeing to a “sell” rating in a report on Saturday, April 5th. JPMorgan Chase & Co. upped their price objective on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Susquehanna raised their target price on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Finally, UBS Group increased their price target on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and a consensus target price of $196.10.

Insider Buying and Selling

In related news, EVP Uma M. Amuluru sold 3,159 shares of Boeing 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 owns 19,213 shares in the company, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.09% of the company’s stock.

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.