Flputnam Investment Management Co. Sells 14,496 Shares of The Boeing Company (NYSE:BA)

Flputnam Investment Management Co. decreased its position in shares of The Boeing Company (NYSE:BA) by 84.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,742 shares of the aircraft producer’s stock after selling 14,496 shares during the period. Flputnam Investment Management Co.’s holdings in Boeing were worth $485,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Princeton Global Asset Management LLC increased its stake in Boeing by 44.8% in the 3rd quarter. Princeton Global Asset Management LLC now owns 643 shares of the aircraft producer’s stock worth $98,000 after buying an additional 199 shares in the last quarter. Janney Capital Management LLC grew its position in shares of Boeing by 5.6% during the third quarter. Janney Capital Management LLC now owns 2,809 shares of the aircraft producer’s stock worth $427,000 after purchasing an additional 150 shares in the last quarter. Angeles Wealth Management LLC grew its position in shares of Boeing by 47.9% during the third quarter. Angeles Wealth Management LLC now owns 2,501 shares of the aircraft producer’s stock worth $380,000 after purchasing an additional 810 shares in the last quarter. Forum Financial Management LP lifted its holdings in Boeing by 12.0% in the 3rd quarter. Forum Financial Management LP now owns 5,929 shares of the aircraft producer’s stock worth $901,000 after purchasing an additional 634 shares in the last quarter. Finally, KG&L Capital Management LLC lifted its holdings in Boeing by 3.8% in the 3rd quarter. KG&L Capital Management LLC now owns 31,961 shares of the aircraft producer’s stock worth $4,867,000 after purchasing an additional 1,165 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on BA shares. Susquehanna lifted their price objective on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Citigroup lifted their price target on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a report on Monday, February 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday, January 29th. UBS Group raised their price objective on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. boosted 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. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Boeing has an average rating of “Moderate Buy” and an average target price of $195.16.

Insider Buying and Selling

In related news, EVP Uma M. Amuluru sold 3,159 shares of the firm’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 transaction, the executive vice president now owns 19,213 shares of the company’s stock, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.16% of the stock is owned by corporate insiders.

Boeing Trading Down 2.5 %

Boeing stock opened at $170.24 on Tuesday. The firm has a market capitalization of $127.69 billion, a PE ratio of -9.29 and a beta of 1.52. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $203.80. The firm has a 50-day moving average price of $176.72 and a 200-day moving average price of $164.64.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period last year, the company earned ($0.47) EPS. As a group, sell-side analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal 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.