The Boeing Company (NYSE:BA) Shares Sold by Metis Global Partners LLC

Metis Global Partners LLC trimmed its position in shares of The Boeing Company (NYSE:BA) by 11.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,436 shares of the aircraft producer’s stock after selling 2,280 shares during the period. Metis Global Partners LLC’s holdings in Boeing were worth $4,806,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Channing Capital Management LLC purchased a new stake in shares of Boeing during the 4th quarter worth about $7,199,000. Sheets Smith Wealth Management purchased a new stake in Boeing in the 4th quarter worth about $593,000. Connecticut Wealth Management LLC raised its stake in shares of Boeing by 2.1% during the 4th quarter. Connecticut Wealth Management LLC now owns 2,834 shares of the aircraft producer’s stock worth $739,000 after purchasing an additional 57 shares in the last quarter. Alan B Lancz & Associates Inc. acquired a new position in shares of Boeing during the 4th quarter valued at about $209,000. Finally, Ellerson Group Inc. ADV grew its holdings in Boeing by 5.2% in the 4th quarter. Ellerson Group Inc. ADV now owns 15,179 shares of the aircraft producer’s stock valued at $3,957,000 after buying an additional 745 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Performance

Boeing stock traded down $1.44 during midday trading on Monday, hitting $178.35. 11,772,934 shares of the company’s stock were exchanged, compared to its average volume of 9,656,024. The Boeing Company has a 52-week low of $159.70 and a 52-week high of $267.54. The stock has a 50-day moving average price of $183.74 and a two-hundred day moving average price of $206.20. The company has a market cap of $109.49 billion, a P/E ratio of -51.03 and a beta of 1.54.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Edward Jones cut Boeing from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Barclays dropped their target price on Boeing from $235.00 to $190.00 and set an “equal weight” rating on the stock in a research report on Monday, April 22nd. Wells Fargo & Company reduced their target price on Boeing from $225.00 to $215.00 and set an “equal weight” rating for the company in a research note on Thursday, February 1st. Citigroup reduced their price target on Boeing from $252.00 to $224.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Finally, Benchmark restated a “buy” rating and set a $250.00 price objective on shares of Boeing in a research report on Tuesday, March 26th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Boeing presently has a consensus rating of “Hold” and a consensus target price of $222.41.

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.