Sender Co & Partners Inc. Sells 22,098 Shares of The Boeing Company (NYSE:BA)

Sender Co & Partners Inc. lowered its position in The Boeing Company (NYSE:BA - Free Report) by 47.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,728 shares of the aircraft producer's stock after selling 22,098 shares during the period. Boeing comprises approximately 4.0% of Sender Co & Partners Inc.'s holdings, making the stock its 3rd largest position. Sender Co & Partners Inc.'s holdings in Boeing were worth $4,377,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc lifted its position in shares of Boeing by 54.2% during the 4th quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer's stock valued at $358,000 after acquiring an additional 710 shares during the period. Carnegie Investment Counsel lifted its position in shares of Boeing by 175.6% during the 4th quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer's stock valued at $818,000 after acquiring an additional 2,943 shares during the period. Amundi lifted its position in shares of Boeing by 473.6% during the 4th quarter. Amundi now owns 1,565,337 shares of the aircraft producer's stock valued at $268,862,000 after acquiring an additional 1,292,417 shares during the period. KKM Financial LLC lifted its position in shares of Boeing by 50.8% during the 4th quarter. KKM Financial LLC now owns 15,368 shares of the aircraft producer's stock valued at $2,720,000 after acquiring an additional 5,175 shares during the period. Finally, Grant Private Wealth Management Inc acquired a new stake in shares of Boeing during the 4th quarter valued at approximately $903,000. Institutional investors and hedge funds own 64.82% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on BA shares. Citigroup lifted their price target on shares of Boeing from $210.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. Melius upgraded shares of Boeing from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. Melius Research set a $204.00 price target on shares of Boeing in a research report on Monday, March 24th. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 price target on shares of Boeing in a research report on Wednesday, April 23rd. Finally, Cowen reissued a "buy" rating on shares of Boeing in a research note on Wednesday, May 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $204.35.

Insiders Place Their Bets

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the transaction, the executive vice president now owns 19,213 shares in the company, valued at $3,471,596.97. This trade represents a 14.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Brendan J. Nelson sold 640 shares of Boeing stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total transaction of $132,019.20. Following the completion of the transaction, the senior vice president now owns 13,258 shares in the company, valued at approximately $2,734,860.24. This trade represents a 4.60% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 10,903 shares of company stock valued at $2,082,169. Company insiders own 0.09% of the company's stock.

Boeing Price Performance

BA stock traded down $0.61 during midday trading on Monday, hitting $205.21. The stock had a trading volume of 5,725,523 shares, compared to its average volume of 9,211,583. The firm has a market cap of $154.73 billion, a PE ratio of -11.20 and a beta of 1.41. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $209.66. The company's 50-day moving average price is $171.81 and its 200 day moving average price is $168.78.

Boeing (NYSE:BA - Get Free Report) last released its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, topping the consensus estimate of ($1.39) by $0.90. The firm had revenue of $19.50 billion during the quarter, compared to analysts' expectations of $19.57 billion. The firm's revenue was up 17.7% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.13) earnings per share. As a group, sell-side analysts anticipate 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.