The Boeing Company (NYSE:BA) Shares Sold by Unisphere Establishment

Unisphere Establishment decreased its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 10.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 580,000 shares of the aircraft producer's stock after selling 70,000 shares during the quarter. Boeing comprises about 0.9% of Unisphere Establishment's investment portfolio, making the stock its 28th biggest holding. Unisphere Establishment owned about 0.08% of Boeing worth $102,660,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Sierra Ocean LLC bought a new stake in shares of Boeing in the 4th quarter worth $26,000. Sugar Maple Asset Management LLC purchased a new stake in shares of Boeing during the fourth quarter valued at $27,000. Fiduciary Advisors Inc. bought a new stake in Boeing in the 4th quarter worth about $28,000. HighMark Wealth Management LLC raised its position in Boeing by 121.6% in the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer's stock worth $29,000 after buying an additional 90 shares during the last quarter. Finally, Anfield Capital Management LLC lifted its stake in Boeing by 113.1% during the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer's stock valued at $32,000 after acquiring an additional 95 shares during the period. 64.82% of the stock is owned by institutional investors.

Insider Buying and Selling

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 completion of the transaction, the executive vice president now owns 19,213 shares of the company's stock, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.09% of the stock is owned by corporate insiders.

Boeing Price Performance

NYSE:BA traded up $2.60 during midday trading on Friday, hitting $185.49. The company's stock had a trading volume of 8,681,274 shares, compared to its average volume of 9,062,111. The firm's 50 day moving average is $165.14 and its 200-day moving average is $165.82. The firm has a market cap of $139.86 billion, a P/E ratio of -10.13 and a beta of 1.40. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $196.95.

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on BA. Melius upgraded shares of Boeing from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. StockNews.com raised Boeing to a "sell" rating in a report on Thursday, April 24th. TD Securities reaffirmed a "buy" rating and set a $180.00 price target on shares of Boeing in a research note on Thursday, April 24th. UBS Group lifted their price target on shares of Boeing from $190.00 to $207.00 and gave the company a "buy" rating in a research note on Thursday, April 24th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $200.00 price objective on shares of Boeing in a research note on Wednesday, April 23rd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $200.90.

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.