The Boeing Company (NYSE:BA) Shares Sold by Key Financial Inc

Key Financial Inc trimmed its holdings in The Boeing Company (NYSE:BA) by 35.6% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,153 shares of the aircraft producer’s stock after selling 2,848 shares during the quarter. Key Financial Inc’s holdings in Boeing were worth $912,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. State Street Corp raised its holdings in Boeing by 2.3% during the third quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer’s stock worth $4,223,397,000 after purchasing an additional 636,594 shares in the last quarter. Geode Capital Management LLC raised its holdings in Boeing by 2.8% during the third quarter. Geode Capital Management LLC now owns 11,719,794 shares of the aircraft producer’s stock worth $1,774,705,000 after purchasing an additional 320,415 shares in the last quarter. Jennison Associates LLC raised its holdings in Boeing by 9.9% during the third quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock worth $1,018,775,000 after purchasing an additional 602,143 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Boeing by 6.0% during the third quarter. Fisher Asset Management LLC now owns 4,866,857 shares of the aircraft producer’s stock worth $739,957,000 after purchasing an additional 277,350 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Boeing by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,196,648 shares of the aircraft producer’s stock valued at $486,018,000 after buying an additional 48,637 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Performance

BA opened at $184.52 on Tuesday. The company has a 50-day moving average of $174.96 and a 200-day moving average of $163.90. The company has a market capitalization of $138.40 billion, a P/E ratio of -10.07 and a beta of 1.52. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $208.10.

Boeing (NYSE:BA) last posted its quarterly 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 quarter last year, the business earned ($0.47) EPS. As a group, sell-side analysts expect that The Boeing Company will post -2.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $190.00 to $210.00 in a report on Monday, January 6th. Citigroup increased their target price on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a report on Monday, February 10th. JPMorgan Chase & Co. increased their target price on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Finally, Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $195.16.

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.