The Boeing Company (NYSE:BA) Shares Sold by Nemes Rush Group LLC

Nemes Rush Group LLC trimmed its position in The Boeing Company (NYSE:BA) by 16.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,632 shares of the aircraft producer’s stock after selling 322 shares during the period. Nemes Rush Group LLC’s holdings in Boeing were worth $289,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Keynote Financial Services LLC increased its stake 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 acquiring an additional 57 shares during the period. Chaney Capital Management Inc. boosted its holdings in Boeing by 2.1% in the 4th 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 in the last quarter. Farmers & Merchants Investments Inc. increased its position in Boeing by 0.6% during the 4th 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 during the period. Center for Financial Planning Inc. raised its stake 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 in the last quarter. Finally, Transcend Capital Advisors LLC lifted its holdings in shares of Boeing by 1.3% in the 4th quarter. Transcend Capital Advisors LLC now owns 4,923 shares of the aircraft producer’s stock valued at $871,000 after buying an additional 61 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Performance

Shares of BA opened at $167.92 on Wednesday. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $196.95. The company’s 50 day simple moving average is $173.82 and its 200 day simple moving average is $164.36. The company has a market capitalization of $125.95 billion, a price-to-earnings ratio of -9.17 and a beta of 1.53.

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

Analyst Ratings Changes

Several research firms have issued reports on BA. Melius Research upgraded Boeing from a “hold” rating to a “strong-buy” rating in a research report on Monday, March 24th. Melius raised shares of Boeing from a “hold” rating to a “buy” rating in a research note on Monday, March 24th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a research note on Wednesday, January 29th. Susquehanna upped their target price on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Finally, Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and an average target price of $195.68.

Insiders Place Their Bets

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.09% of the stock is owned by corporate insiders.

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.