The Boeing Company (NYSE:BA) Shares Sold by Hudson Value Partners LLC

Hudson Value Partners LLC cut its stake in shares of The Boeing Company (NYSE:BA) by 29.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,820 shares of the aircraft producer’s stock after selling 1,175 shares during the quarter. Hudson Value Partners LLC’s holdings in Boeing were worth $499,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Global Retirement Partners LLC lifted its holdings in shares of Boeing by 30.0% during the fourth quarter. Global Retirement Partners LLC now owns 22,852 shares of the aircraft producer’s stock worth $4,045,000 after purchasing an additional 5,271 shares during the period. Allied Investment Advisors LLC acquired a new stake in Boeing in the fourth quarter valued at $343,000. Bank of Jackson Hole Trust acquired a new stake in Boeing in the fourth quarter valued at $64,000. New York State Common Retirement Fund lifted its holdings in Boeing by 35.0% in the fourth quarter. New York State Common Retirement Fund now owns 1,003,148 shares of the aircraft producer’s stock valued at $177,557,000 after acquiring an additional 260,054 shares during the period. Finally, Callahan Advisors LLC acquired a new stake in Boeing in the fourth quarter valued at $686,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Sanford C. Bernstein downgraded Boeing from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price target on shares of Boeing in a report on Wednesday, January 29th. JPMorgan Chase & Co. boosted their price target on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Robert W. Baird lowered their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. 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 note on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $195.16.

Boeing Stock Up 0.2 %

NYSE:BA opened at $184.73 on Wednesday. The stock’s 50 day moving average price is $175.92 and its two-hundred day moving average price is $164.05. The firm has a market capitalization of $138.56 billion, a price-to-earnings ratio of -10.08 and a beta of 1.52. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $208.10.

Boeing (NYSE:BA) last announced its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the prior year, the company posted ($0.47) earnings per share. Equities research analysts expect that The Boeing Company will post -2.3 EPS for the current 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.