Northern Capital Management Inc. Sells 116 Shares of The Boeing Company (NYSE:BA)

Northern Capital Management Inc. reduced its stake in The Boeing Company (NYSE:BA) by 6.2% during the 4th quarter, Holdings Channel reports. The fund owned 1,759 shares of the aircraft producer’s stock after selling 116 shares during the period. Boeing makes up about 0.2% of Northern Capital Management Inc.’s investment portfolio, making the stock its 29th largest position. Northern Capital Management Inc.’s holdings in Boeing were worth $311,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of BA. Raymond James Financial Inc. bought a new position in Boeing in the 4th quarter valued at about $230,944,000. Amundi grew its position in shares of Boeing by 473.6% during the 4th 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 in the last quarter. Burkehill Global Management LP acquired a new position in shares of Boeing during the 4th quarter worth approximately $212,400,000. Franklin Resources Inc. grew its position in shares of Boeing by 1,296.3% during the 3rd quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer’s stock worth $169,386,000 after purchasing an additional 1,055,472 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Boeing by 30.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer’s stock worth $739,585,000 after purchasing an additional 981,796 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on BA. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Susquehanna increased their target price on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Finally, UBS Group increased their price target 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. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $195.16.

Insider Activity

In other news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the transaction, the executive vice president now owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.16% of the company’s stock.

Boeing Stock Performance

BA stock opened at $162.00 on Friday. The company has a fifty day moving average price of $173.23 and a 200-day moving average price of $163.62. The company has a market capitalization of $121.51 billion, a P/E ratio of -8.84 and a beta of 1.53. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $196.95.

Boeing (NYSE:BA) last released 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 company earned ($0.47) EPS. As a group, sell-side analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

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.