Greenline Partners LLC Reduces Stock Position in The Boeing Company (NYSE:BA)

Greenline Partners LLC decreased its position in shares of The Boeing Company (NYSE:BA) by 93.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 697 shares of the aircraft producer’s stock after selling 9,215 shares during the quarter. Greenline Partners LLC’s holdings in Boeing were worth $123,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Keynote Financial Services LLC boosted its position in shares of Boeing by 3.8% during the fourth quarter. Keynote Financial Services LLC now owns 1,542 shares of the aircraft producer’s stock worth $273,000 after buying an additional 57 shares during the period. Chaney Capital Management Inc. increased its stake in Boeing by 2.1% in the fourth quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer’s stock valued at $508,000 after purchasing an additional 58 shares during the last quarter. Farmers & Merchants Investments Inc. raised its holdings in Boeing by 0.6% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer’s stock worth $1,878,000 after purchasing an additional 59 shares in the last quarter. Center for Financial Planning Inc. lifted its position in shares of Boeing by 12.0% during the 4th quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer’s stock worth $99,000 after buying an additional 60 shares during the last quarter. Finally, Trek Financial LLC boosted its holdings in shares of Boeing by 2.7% in the 4th quarter. Trek Financial LLC now owns 2,307 shares of the aircraft producer’s stock valued at $408,000 after buying an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Trading Up 1.5 %

Shares of BA stock opened at $194.53 on Friday. 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 $146.68 billion, a price-to-earnings ratio of -10.62 and a beta of 1.41. The stock has a 50 day simple moving average of $167.01 and a 200-day simple moving average of $166.84.

Boeing (NYSE:BA) last released its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) EPS for the quarter, beating analysts’ consensus estimates of ($1.39) by $0.90. The business had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. During the same period last year, the business posted ($1.13) EPS. Boeing’s revenue was up 17.7% compared to the same quarter last year. On average, equities analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Cowen reiterated a “buy” rating on shares of Boeing in a research note on Wednesday. JPMorgan Chase & Co. lifted their target price on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Morgan Stanley upped their target price on Boeing from $175.00 to $185.00 and gave the company an “equal weight” rating in a research report on Thursday, April 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of Boeing in a research report on Wednesday, April 23rd. Finally, Wells Fargo & Company reiterated an “underweight” rating and issued a $140.00 price objective (up previously from $111.00) on shares of Boeing in a research note on Wednesday, April 23rd. One analyst has rated the stock with a sell rating, five have given a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Boeing has an average rating of “Moderate Buy” and an average target price of $201.85.

Insider Activity at Boeing

In other news, EVP David Christopher Raymond sold 3,899 shares of the firm’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $187.01, for a total value of $729,151.99. Following the completion of the transaction, the executive vice president now owns 42,513 shares in the company, valued at $7,950,356.13. This trade represents a 8.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was 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 owns 19,213 shares in the company, valued at $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

Boeing Company 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.