Jackson Square Partners LLC Decreases Position in The Boeing Company (NYSE:BA)

Jackson Square Partners LLC cut its stake in The Boeing Company (NYSE:BA - Free Report) by 19.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,577 shares of the aircraft producer's stock after selling 12,106 shares during the period. Jackson Square Partners LLC's holdings in Boeing were worth $12,662,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in BA. DiNuzzo Private Wealth Inc. acquired a new stake in Boeing during the fourth quarter valued at approximately $28,000. Evolution Advisers Inc. acquired a new stake in Boeing during the fourth quarter valued at approximately $28,000. CNB Bank lifted its stake in Boeing by 106.5% during the third quarter. CNB Bank now owns 128 shares of the aircraft producer's stock valued at $25,000 after purchasing an additional 66 shares during the last quarter. Naples Money Management LLC acquired a new stake in Boeing during the fourth quarter valued at approximately $44,000. Finally, M&R Capital Management Inc. lifted its stake in Boeing by 35.0% during the fourth quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer's stock valued at $50,000 after purchasing an additional 50 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently commented on BA shares. Benchmark reissued a "buy" rating and set a $250.00 target price on shares of Boeing in a research note on Tuesday, March 26th. JPMorgan Chase & Co. dropped their target price on Boeing from $230.00 to $210.00 and set an "overweight" rating on the stock in a report on Friday, April 12th. StockNews.com downgraded shares of Boeing from a "hold" rating to a "sell" rating in a research report on Friday, April 26th. Citigroup cut their target price on shares of Boeing from $252.00 to $224.00 and set a "buy" rating for the company in a research report on Thursday, April 25th. Finally, Melius reaffirmed a "hold" rating on shares of Boeing in a research report on Monday, April 1st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $221.24.

Boeing Price Performance

NYSE:BA traded up $1.99 during mid-day trading on Friday, hitting $184.95. 5,562,368 shares of the company's stock traded hands, compared to its average volume of 7,349,375. The firm has a 50 day moving average of $179.38 and a two-hundred day moving average of $205.79. The Boeing Company has a 12 month low of $159.70 and a 12 month high of $267.54.

Boeing (NYSE:BA - Get Free Report) last announced its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share 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 the consensus estimate of $17.69 billion. Research analysts predict that The Boeing Company will post -0.6 earnings per share for the current 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.