Pingora Partners LLC Sells 2,355 Shares of The Boeing Company (NYSE:BA)

Pingora Partners LLC decreased its holdings in The Boeing Company (NYSE:BA - Free Report) by 19.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,831 shares of the aircraft producer's stock after selling 2,355 shares during the quarter. Boeing makes up about 1.1% of Pingora Partners LLC's investment portfolio, making the stock its 15th largest position. Pingora Partners LLC's holdings in Boeing were worth $1,740,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of BA. Vanguard Group Inc. grew its position in shares of Boeing by 24.4% during the 4th quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer's stock worth $11,406,361,000 after buying an additional 12,641,715 shares during the period. Geode Capital Management LLC grew its holdings in Boeing by 29.5% during the fourth quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer's stock valued at $2,677,170,000 after purchasing an additional 3,452,075 shares during the period. Raymond James Financial Inc. bought a new position in shares of Boeing during the fourth quarter worth $230,944,000. Amundi grew its holdings in shares of Boeing by 473.6% in the 4th quarter. Amundi now owns 1,565,337 shares of the aircraft producer's stock valued at $268,862,000 after buying an additional 1,292,417 shares during the period. Finally, Burkehill Global Management LP bought a new stake in shares of Boeing in the 4th quarter valued at $212,400,000. Institutional investors and hedge funds own 64.82% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on BA. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 target price on shares of Boeing in a research report on Wednesday, April 23rd. StockNews.com raised shares of Boeing to a "sell" rating in a report on Thursday, April 24th. TD Securities reiterated a "buy" rating and set a $180.00 price target on shares of Boeing in a report on Thursday, April 24th. Barclays upgraded Boeing from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Boeing from $184.00 to $215.00 and gave the stock a "buy" rating in a research note on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, sixteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $200.90.

Boeing Trading Down 0.1 %

NYSE:BA traded down $0.14 during mid-day trading on Tuesday, hitting $182.16. 4,365,609 shares of the company's stock were exchanged, compared to its average volume of 9,042,274. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $196.95. The company has a 50 day simple moving average of $164.80 and a 200-day simple moving average of $165.04. The firm has a market capitalization of $137.35 billion, a P/E ratio of -9.94 and a beta of 1.24.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, topping the consensus estimate of ($1.39) by $0.90. The business had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. The business's revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($1.13) EPS. As a group, analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Transactions at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the company's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the sale, the executive vice president now owns 19,213 shares of the company's stock, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.09% of the company's stock.

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.