Ancora Advisors LLC Decreases Holdings in The Boeing Company (NYSE:BA)

Ancora Advisors LLC lowered its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 69.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,315 shares of the aircraft producer's stock after selling 3,027 shares during the period. Ancora Advisors LLC's holdings in Boeing were worth $233,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Principal Financial Group Inc. raised its stake in Boeing by 6.1% in the 3rd quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer's stock worth $101,296,000 after acquiring an additional 38,332 shares during the last quarter. CWA Asset Management Group LLC lifted its holdings in shares of Boeing by 37.1% during the fourth quarter. CWA Asset Management Group LLC now owns 3,009 shares of the aircraft producer's stock worth $533,000 after purchasing an additional 815 shares during the period. Bangor Savings Bank increased its holdings in Boeing by 1,159.3% in the 4th quarter. Bangor Savings Bank now owns 5,478 shares of the aircraft producer's stock worth $970,000 after buying an additional 5,043 shares during the period. Diversified Trust Co raised its position in Boeing by 109.1% during the 4th quarter. Diversified Trust Co now owns 5,097 shares of the aircraft producer's stock worth $902,000 after buying an additional 2,659 shares during the last quarter. Finally, One Wealth Capital Management LLC purchased a new stake in shares of Boeing in the 4th quarter valued at $270,000. Institutional investors own 64.82% of the company's stock.

Insider Buying and Selling

In other Boeing news, EVP David Christopher Raymond sold 3,899 shares of the company's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $187.01, for a total transaction of $729,151.99. Following the completion of the transaction, the executive vice president now owns 42,513 shares in the company, valued at approximately $7,950,356.13. This represents a 8.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the sale, the executive vice president now directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is owned by company insiders.

Boeing Stock Performance

Shares of Boeing stock traded up $6.23 during trading hours on Thursday, reaching $191.79. 15,330,692 shares of the company were exchanged, compared to its average volume of 9,065,984. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $196.95. The firm has a market cap of $144.61 billion, a PE ratio of -10.47 and a beta of 1.41. The stock's fifty day moving average is $165.87 and its 200 day moving average is $166.38.

Boeing (NYSE:BA - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.39) by $0.90. The company had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. During the same quarter in the previous year, the company posted ($1.13) EPS. The company's quarterly revenue was up 17.7% on a year-over-year basis. Research analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BA. TD Securities reiterated a "buy" rating and issued a $180.00 target price on shares of Boeing in a research note on Thursday, April 24th. Susquehanna lifted their price target on shares of Boeing from $200.00 to $205.00 and gave the company a "positive" rating in a research note on Wednesday, January 29th. UBS Group upped their price objective on shares of Boeing from $190.00 to $207.00 and gave the stock a "buy" rating in a research report on Thursday, April 24th. Morgan Stanley lifted their target price on shares of Boeing from $175.00 to $185.00 and gave the company an "equal weight" rating in a research report on Thursday, April 24th. Finally, Melius Research set a $204.00 price target on shares of Boeing in a research note on Monday, March 24th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, seventeen have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $200.90.

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.