Ameritas Investment Partners Inc. Sells 83 Shares of The Boeing Company (NYSE:BA)

Ameritas Investment Partners Inc. cut its stake in shares of The Boeing Company (NYSE:BA) by 1.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,236 shares of the aircraft producer’s stock after selling 83 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Boeing were worth $1,203,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital Research Global Investors raised its holdings in shares of Boeing by 35.5% in the fourth quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock valued at $4,400,109,000 after purchasing an additional 4,425,964 shares during the last quarter. Jennison Associates LLC purchased a new stake in shares of Boeing in the fourth quarter valued at about $960,397,000. Wellington Management Group LLP raised its holdings in shares of Boeing by 563.9% in the fourth quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock valued at $896,434,000 after purchasing an additional 2,921,043 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Boeing by 23.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock valued at $2,560,466,000 after purchasing an additional 1,884,850 shares during the last quarter. Finally, Boston Partners raised its holdings in shares of Boeing by 861.6% in the fourth quarter. Boston Partners now owns 1,804,853 shares of the aircraft producer’s stock valued at $467,338,000 after purchasing an additional 1,617,151 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BA. TD Cowen lowered their target price on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a report on Monday, March 25th. StockNews.com downgraded shares of Boeing from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Benchmark restated a “buy” rating and set a $250.00 price objective on shares of Boeing in a report on Tuesday, March 26th. Northcoast Research downgraded shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price objective for the company. in a report on Wednesday, April 17th. Finally, Stifel Nicolaus restated a “buy” rating and set a $240.00 price objective on shares of Boeing in a report on Wednesday, May 15th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and a consensus target price of $220.89.

Boeing Trading Up 4.2 %

Shares of NYSE:BA traded up $7.58 on Tuesday, reaching $186.48. 7,515,691 shares of the company traded hands, compared to its average volume of 8,208,485. The business’s 50-day simple moving average is $181.50 and its 200 day simple moving average is $189.59. The Boeing Company has a 52 week low of $159.70 and a 52 week high of $267.54. The stock has a market capitalization of $114.48 billion, a P/E ratio of -52.20 and a beta of 1.56.

Boeing (NYSE:BA) last released its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.43) by $0.30. The business had revenue of $16.57 billion for the quarter, compared to analysts’ expectations of $17.69 billion. Sell-side analysts expect that The Boeing Company will post -2 EPS for the current fiscal year.

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.