Condor Capital Management lessened its stake in Boeing Co (NYSE:BA) by 1.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,444 shares of the aircraft producer’s stock after selling 147 shares during the quarter. Condor Capital Management’s holdings in Boeing were worth $2,401,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Gables Capital Management Inc. increased its holdings in shares of Boeing by 54.5% in the 4th quarter. Gables Capital Management Inc. now owns 2,550 shares of the aircraft producer’s stock valued at $822,000 after purchasing an additional 900 shares in the last quarter. Institute for Wealth Management LLC. increased its holdings in shares of Boeing by 2.9% in the 4th quarter. Institute for Wealth Management LLC. now owns 16,800 shares of the aircraft producer’s stock valued at $5,418,000 after purchasing an additional 477 shares in the last quarter. PagnatoKarp Partners LLC increased its holdings in shares of Boeing by 14.9% in the 4th quarter. PagnatoKarp Partners LLC now owns 1,252 shares of the aircraft producer’s stock valued at $404,000 after purchasing an additional 162 shares in the last quarter. Mitchell Capital Management Co. increased its holdings in shares of Boeing by 2.3% in the 4th quarter. Mitchell Capital Management Co. now owns 3,479 shares of the aircraft producer’s stock valued at $1,122,000 after purchasing an additional 78 shares in the last quarter. Finally, Stratos Wealth Partners LTD. purchased a new position in shares of Boeing in the 4th quarter valued at about $7,402,000. Institutional investors and hedge funds own 69.76% of the company’s stock.

In other Boeing news, EVP Timothy John Keating sold 26,557 shares of the firm’s stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $395.47, for a total transaction of $10,502,496.79. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Gregory D. Smith sold 19,500 shares of the firm’s stock in a transaction dated Friday, February 8th. The stock was sold at an average price of $401.38, for a total transaction of $7,826,910.00. The disclosure for this sale can be found here. Insiders have sold a total of 72,247 shares of company stock worth $28,922,977 over the last ninety days. 0.23% of the stock is owned by corporate insiders.

Several equities analysts have weighed in on BA shares. Tigress Financial restated a “buy” rating on shares of Boeing in a report on Wednesday, March 27th. Morgan Stanley raised their target price on shares of Boeing from $450.00 to $500.00 and gave the company an “overweight” rating in a report on Thursday, February 28th. Nord/LB restated a “sell” rating and set a $300.00 target price on shares of Boeing in a report on Wednesday, March 13th. UBS Group set a $525.00 target price on shares of Boeing and gave the company a “buy” rating in a report on Friday, March 8th. Finally, Barclays restated a “buy” rating and set a $417.00 target price on shares of Boeing in a report on Monday, April 8th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and sixteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $411.47.

Boeing stock opened at $380.07 on Friday. Boeing Co has a 12-month low of $292.47 and a 12-month high of $446.01. The stock has a market cap of $214.54 billion, a price-to-earnings ratio of 23.74, a PEG ratio of 1.97 and a beta of 1.33. The company has a debt-to-equity ratio of 25.99, a quick ratio of 0.31 and a current ratio of 1.08.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, January 30th. The aircraft producer reported $5.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $4.52 by $0.96. Boeing had a net margin of 10.34% and a negative return on equity of 4,286.60%. The company had revenue of $28.34 billion for the quarter, compared to analysts’ expectations of $26.76 billion. During the same period last year, the company earned $3.04 EPS. The firm’s revenue for the quarter was up 14.4% compared to the same quarter last year. As a group, equities research analysts expect that Boeing Co will post 17.07 EPS for the current fiscal year.

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Boeing Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates in four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

Further Reading: Average Daily Trade Volume Explained

Institutional Ownership by Quarter for Boeing (NYSE:BA)

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