Motco Has $189,000 Stock Position in The Boeing Company (NYSE:BA)

Motco cut its holdings in shares of The Boeing Company (NYSE:BA) by 21.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,069 shares of the aircraft producer’s stock after selling 300 shares during the period. Motco’s holdings in Boeing were worth $189,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in BA. Sierra Ocean LLC purchased a new stake in shares of Boeing in the fourth quarter worth approximately $26,000. Sugar Maple Asset Management LLC bought a new stake in Boeing during the fourth quarter worth $27,000. RPg Family Wealth Advisory LLC bought a new stake in Boeing during the third quarter worth $28,000. Fiduciary Advisors Inc. purchased a new stake in Boeing in the 4th quarter valued at $28,000. Finally, HighMark Wealth Management LLC lifted its stake in Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after acquiring an additional 90 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Stock Up 0.6 %

NYSE BA opened at $174.84 on Friday. The company’s 50 day moving average is $176.87 and its 200-day moving average is $164.74. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $206.62. The firm has a market cap of $131.14 billion, a P/E ratio of -9.54 and a beta of 1.52.

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 prior year, the company earned ($0.47) EPS. Equities analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Analyst Upgrades and Downgrades

BA has been the subject of several recent analyst reports. Wells Fargo & Company upped their target price on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of Boeing in a report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Finally, Citigroup boosted their price target on shares of Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $195.16.

Insider Activity

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 shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the sale, the executive vice president now 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. Insiders own 0.16% of the company’s stock.

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.