Peapack Gladstone Financial Corp Has $7.53 Million Stock Holdings in The Boeing Company (NYSE:BA)

Peapack Gladstone Financial Corp lowered its stake in shares of The Boeing Company (NYSE:BA) by 27.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 42,543 shares of the aircraft producer’s stock after selling 16,432 shares during the period. Peapack Gladstone Financial Corp’s holdings in Boeing were worth $7,529,000 as of its most recent SEC filing.

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

Boeing Stock Down 9.5 %

NYSE:BA opened at $136.61 on Monday. The firm has a market cap of $102.47 billion, a PE ratio of -7.46 and a beta of 1.53. The Boeing Company has a 12 month low of $128.74 and a 12 month high of $196.95. The company’s 50-day moving average price is $172.36 and its two-hundred day moving average price is $164.28.

Boeing (NYSE:BA) last announced its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period last year, the business earned ($0.47) earnings per share. On average, research analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BA has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Melius raised Boeing from a “hold” rating to a “buy” rating in a research report on Monday, March 24th. Susquehanna boosted 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 company a “buy” rating in a 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 issued a strong buy rating to the company. According to data from MarketBeat, Boeing currently has an average rating of “Moderate Buy” and a consensus price target of $196.10.

Insider Activity at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.09% of the stock is currently owned by company insiders.

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.