The Boeing Company (NYSE:BA) Stock Holdings Lessened by Hoertkorn Richard Charles

Hoertkorn Richard Charles decreased its stake in The Boeing Company (NYSE:BA) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,709 shares of the aircraft producer’s stock after selling 238 shares during the period. Boeing accounts for 2.5% of Hoertkorn Richard Charles’ portfolio, making the stock its 13th largest position. Hoertkorn Richard Charles’ holdings in Boeing were worth $5,966,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BA. Penserra Capital Management LLC increased its position in shares of Boeing by 17.5% in the third quarter. Penserra Capital Management LLC now owns 4,856 shares of the aircraft producer’s stock worth $738,000 after acquiring an additional 724 shares in the last quarter. Truvestments Capital LLC acquired a new stake in shares of Boeing in the third quarter valued at about $58,000. Quantbot Technologies LP acquired a new position in shares of Boeing during the third quarter valued at about $1,295,000. Cadence Bank grew its holdings in shares of Boeing by 5.6% during the 3rd quarter. Cadence Bank now owns 3,043 shares of the aircraft producer’s stock worth $463,000 after purchasing an additional 162 shares in the last quarter. Finally, Townsquare Capital LLC raised its stake in Boeing by 53.0% during the third quarter. Townsquare Capital LLC now owns 83,727 shares of the aircraft producer’s stock worth $12,730,000 after acquiring an additional 29,018 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Insider Activity at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction 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. This represents a 14.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $190.00 to $210.00 in a report on Monday, January 6th. UBS Group boosted their price target on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of Boeing in a research note on Wednesday, January 29th. StockNews.com upgraded shares of Boeing to a “sell” rating in a research note on Wednesday, March 12th. Finally, Melius raised Boeing from a “hold” rating to a “buy” rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and a consensus price target of $195.68.

Boeing Price Performance

Shares of BA opened at $179.18 on Friday. The firm has a 50-day simple moving average of $173.95 and a two-hundred day simple moving average of $164.10. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $196.95. The stock has a market cap of $134.40 billion, a PE ratio of -9.78 and a beta of 1.53.

Boeing (NYSE:BA) last issued its quarterly earnings data 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 quarter last year, the business earned ($0.47) earnings per share. As a group, sell-side analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Boeing 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.