Financial Management Professionals Inc. Lowers Stake in The Boeing Company (NYSE:BA)

Financial Management Professionals Inc. lessened its position in shares of The Boeing Company (NYSE:BA) by 25.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 503 shares of the aircraft producer’s stock after selling 174 shares during the period. Financial Management Professionals Inc.’s holdings in Boeing were worth $97,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Boeing by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 48,501,954 shares of the aircraft producer’s stock valued at $12,642,519,000 after buying an additional 892,446 shares in the last quarter. Capital Research Global Investors grew its stake in shares of Boeing by 35.5% in the fourth quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock valued at $4,400,109,000 after buying an additional 4,425,964 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Boeing by 23.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock valued at $2,560,466,000 after buying an additional 1,884,850 shares in the last quarter. Morgan Stanley grew its stake in shares of Boeing by 1.1% in the third quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock valued at $1,602,880,000 after buying an additional 91,801 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Boeing by 1.1% in the fourth quarter. Northern Trust Corp now owns 5,003,262 shares of the aircraft producer’s stock valued at $1,304,150,000 after buying an additional 52,081 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Trading Down 0.3 %

Shares of Boeing stock opened at $182.01 on Friday. The business’s 50 day simple moving average is $178.50 and its 200-day simple moving average is $198.42. The stock has a market capitalization of $111.73 billion, a price-to-earnings ratio of -51.27 and a beta of 1.55. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.43) by $0.30. The company had revenue of $16.57 billion for the quarter, compared to analyst estimates of $17.69 billion. Sell-side analysts predict that The Boeing Company will post -1.67 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on BA shares. The Goldman Sachs Group reduced their price target on Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a report on Monday, March 25th. Morgan Stanley reduced their price target on Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, April 10th. Stifel Nicolaus reissued a “buy” rating and issued a $240.00 price target on shares of Boeing in a report on Wednesday, May 15th. Benchmark reissued a “buy” rating and issued a $250.00 price target on shares of Boeing in a report on Tuesday, March 26th. Finally, Sanford C. Bernstein reduced their price target on Boeing from $230.00 to $215.00 and set an “outperform” rating for the company in a report on Monday, June 3rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $220.89.

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.