The Boeing Company (NYSE:BA) Shares Sold by McAdam LLC

McAdam LLC reduced its stake in The Boeing Company (NYSE:BA) by 4.2% during the 4th quarter, Holdings Channel reports. The fund owned 2,086 shares of the aircraft producer’s stock after selling 91 shares during the quarter. McAdam LLC’s holdings in Boeing were worth $544,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BA. Strategic Blueprint LLC increased its position in shares of Boeing by 8.7% in the 4th quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock valued at $859,000 after purchasing an additional 264 shares during the last quarter. Morse Asset Management Inc lifted its holdings in Boeing by 65.0% during the 3rd quarter. Morse Asset Management Inc now owns 7,999 shares of the aircraft producer’s stock worth $1,533,000 after buying an additional 3,152 shares during the last quarter. Peregrine Asset Advisers Inc. boosted its position in shares of Boeing by 1,335.3% during the 3rd quarter. Peregrine Asset Advisers Inc. now owns 36,443 shares of the aircraft producer’s stock worth $6,985,000 after acquiring an additional 33,904 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Boeing by 2.0% during the 3rd quarter. California Public Employees Retirement System now owns 1,037,044 shares of the aircraft producer’s stock worth $198,781,000 after acquiring an additional 19,847 shares in the last quarter. Finally, J.W. Cole Advisors Inc. lifted its stake in Boeing by 5.8% during the fourth quarter. J.W. Cole Advisors Inc. now owns 29,133 shares of the aircraft producer’s stock worth $7,594,000 after purchasing an additional 1,596 shares during the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Stock Performance

Shares of NYSE BA opened at $173.53 on Tuesday. The Boeing Company has a one year low of $159.70 and a one year high of $267.54. The company’s fifty day moving average is $185.92 and its two-hundred day moving average is $206.50.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. Boeing’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.75) earnings per share. On average, equities analysts predict that The Boeing Company will post -0.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BA. TD Cowen reduced their price objective on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a research report on Monday, March 25th. Argus cut shares of Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday. Susquehanna dropped their price objective on Boeing from $265.00 to $230.00 and set a “positive” rating on the stock in a report on Thursday, March 21st. Sanford C. Bernstein reduced their target price on Boeing from $272.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, April 8th. Finally, Northcoast Research cut Boeing from a “neutral” rating to a “sell” rating and set a $140.00 target price for the company. in a research report on Wednesday, April 17th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $222.41.

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.