Gulf International Bank UK Ltd Trims Position in The Boeing Company (NYSE:BA)

Gulf International Bank UK Ltd lessened its position in shares of The Boeing Company (NYSE:BA) by 10.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,529 shares of the aircraft producer’s stock after selling 170 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Boeing were worth $270,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. FUKOKU MUTUAL LIFE INSURANCE Co increased its position in Boeing by 22.2% in the fourth quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 2,891 shares of the aircraft producer’s stock worth $512,000 after buying an additional 526 shares in the last quarter. Central Asset Investments & Management Holdings HK Ltd purchased a new stake in Boeing in the fourth quarter worth about $212,000. K.J. Harrison & Partners Inc purchased a new stake in Boeing in the fourth quarter worth about $3,609,000. New York Life Investment Management LLC increased its position in Boeing by 28.8% in the fourth quarter. New York Life Investment Management LLC now owns 100,933 shares of the aircraft producer’s stock worth $17,865,000 after buying an additional 22,550 shares in the last quarter. Finally, Apriem Advisors increased its position in Boeing by 7.8% in the fourth quarter. Apriem Advisors now owns 25,158 shares of the aircraft producer’s stock worth $4,453,000 after buying an additional 1,828 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft increased their target price on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Citigroup increased their target price on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. increased 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. Finally, Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

Insider Buying and Selling

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the transaction, the executive vice president now directly owns 19,213 shares in the company, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.16% of the stock is owned by corporate insiders.

Boeing Stock Performance

Shares of BA stock opened at $174.84 on Monday. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $206.62. The firm has a market capitalization of $131.14 billion, a P/E ratio of -9.54 and a beta of 1.52. The stock has a 50 day moving average price of $176.87 and a 200 day moving average price of $164.69.

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

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.