FAS Wealth Partners Inc. Cuts Stock Position in The Boeing Company (NYSE:BA)

FAS Wealth Partners Inc. lowered its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 30.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,336 shares of the aircraft producer's stock after selling 1,468 shares during the period. FAS Wealth Partners Inc.'s holdings in Boeing were worth $590,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Boeing by 24.4% during the fourth 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 increased its holdings in shares of Boeing by 29.5% in 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. Northern Trust Corp raised its stake in shares of Boeing by 33.6% in the fourth quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer's stock worth $1,151,316,000 after purchasing an additional 1,634,231 shares during the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Boeing by 3.4% during the fourth quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer's stock worth $890,469,000 after purchasing an additional 164,042 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in Boeing by 30.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer's stock worth $739,585,000 after buying an additional 981,796 shares during the period. 64.82% of the stock is owned by institutional investors.

Boeing Stock Performance

Shares of NYSE:BA traded up $0.84 during midday trading on Monday, hitting $186.30. The company's stock had a trading volume of 4,127,142 shares, compared to its average volume of 9,044,118. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $196.95. The company has a market cap of $140.47 billion, a P/E ratio of -10.17 and a beta of 1.40. The business's 50 day simple moving average is $165.14 and its 200 day simple moving average is $165.89.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) 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. Boeing'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 business posted ($1.13) EPS. On average, sell-side analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BA shares. Susquehanna increased their price objective on shares of Boeing from $200.00 to $205.00 and gave the stock a "positive" rating in a research note on Wednesday, January 29th. StockNews.com upgraded Boeing to a "sell" rating in a research note on Thursday, April 24th. Wells Fargo & Company restated an "underweight" rating and issued a $140.00 target price (up previously from $111.00) on shares of Boeing in a research note on Wednesday, April 23rd. Citigroup lifted their price target on Boeing from $210.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday, April 24th. Finally, Melius raised shares of Boeing from a "hold" rating to a "buy" rating in a research note on Monday, March 24th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Boeing has a consensus rating of "Moderate Buy" and a consensus target price of $200.90.

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the business's stock in a transaction dated Thursday, February 20th. The shares were 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. The trade was a 14.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.09% of the stock is currently owned by insiders.

Boeing 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.