Edmond DE Rothschild Holding S.A. Has $177,000 Stake in The Boeing Company (NYSE:BA)

Edmond DE Rothschild Holding S.A. reduced its position in shares of The Boeing Company (NYSE:BA) by 51.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,000 shares of the aircraft producer’s stock after selling 1,072 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Boeing were worth $177,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Sierra Ocean LLC purchased a new position in Boeing during the fourth quarter valued at approximately $26,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Boeing during the 4th quarter valued at $27,000. Fiduciary Advisors Inc. purchased a new position in shares of Boeing during the 4th quarter valued at $28,000. HighMark Wealth Management LLC increased its stake in shares of Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after acquiring an additional 90 shares during the last quarter. Finally, Anfield Capital Management LLC raised its holdings in shares of Boeing by 113.1% during the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock worth $32,000 after acquiring an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Insider Activity

In other news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the sale, the executive vice president now directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BA. Deutsche Bank Aktiengesellschaft upped their target price on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Wells Fargo & Company raised their price objective on shares of Boeing from $103.00 to $113.00 and gave the company an “underweight” rating in a research report on Monday, March 17th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research report on Wednesday, January 29th. Melius Research upgraded shares of Boeing from a “hold” rating to a “strong-buy” rating in a report on Monday, March 24th. Finally, UBS Group upped their price objective on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.68.

Boeing Stock Up 0.4 %

Shares of BA opened at $168.79 on Thursday. The stock’s 50-day moving average price is $173.70 and its 200 day moving average price is $164.39. The firm has a market capitalization of $126.60 billion, a price-to-earnings ratio of -9.21 and a beta of 1.53. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $196.95.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the prior year, the business earned ($0.47) earnings per share. Equities research analysts expect that The Boeing Company will post -2.58 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.