Boeing Co (NYSE:BA) Shares Sold by Picton Mahoney Asset Management

Picton Mahoney Asset Management trimmed its position in shares of Boeing Co (NYSE:BA) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,500 shares of the aircraft producer’s stock after selling 1,500 shares during the quarter. Picton Mahoney Asset Management’s holdings in Boeing were worth $10,161,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of BA. Pinnacle Associates Ltd. lifted its holdings in shares of Boeing by 15.1% in the fourth quarter. Pinnacle Associates Ltd. now owns 74,661 shares of the aircraft producer’s stock valued at $24,078,000 after purchasing an additional 9,787 shares in the last quarter. Intercontinental Wealth Advisors LLC lifted its stake in shares of Boeing by 8.9% during the fourth quarter. Intercontinental Wealth Advisors LLC now owns 744 shares of the aircraft producer’s stock valued at $240,000 after buying an additional 61 shares during the period. First Republic Investment Management Inc. lifted its stake in shares of Boeing by 1.5% during the third quarter. First Republic Investment Management Inc. now owns 283,170 shares of the aircraft producer’s stock valued at $105,311,000 after buying an additional 4,119 shares during the period. Capital International Inc. CA lifted its stake in shares of Boeing by 150.8% during the third quarter. Capital International Inc. CA now owns 3,210 shares of the aircraft producer’s stock valued at $1,194,000 after buying an additional 1,930 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its stake in shares of Boeing by 1.2% during the third quarter. Brown Brothers Harriman & Co. now owns 29,796 shares of the aircraft producer’s stock valued at $11,081,000 after buying an additional 364 shares during the period. Institutional investors and hedge funds own 69.76% of the company’s stock.

In other news, CFO Gregory D. Smith sold 19,500 shares of the stock in a transaction on Friday, February 8th. The shares were sold at an average price of $401.38, for a total value of $7,826,910.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Timothy John Keating sold 26,557 shares of the stock in a transaction on Monday, February 4th. The stock was sold at an average price of $395.47, for a total transaction of $10,502,496.79. The disclosure for this sale can be found here. Insiders sold 72,247 shares of company stock valued at $28,922,977 in the last three months. Company insiders own 0.23% of the company’s stock.

Several brokerages recently issued reports on BA. Morgan Stanley raised shares of Boeing from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $400.00 to $450.00 in a research note on Wednesday, January 9th. DZ Bank reissued a “sell” rating on shares of Boeing in a research note on Monday, March 11th. UBS Group set a $525.00 price objective on shares of Boeing and gave the company a “buy” rating in a research note on Friday, March 8th. JPMorgan Chase & Co. upped their price objective on shares of Boeing to $450.00 and gave the company an “overweight” rating in a research note on Monday, February 11th. Finally, Citigroup began coverage on shares of Boeing in a research note on Wednesday, March 27th. They set a “buy” rating on the stock. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and sixteen have assigned a buy rating to the company. Boeing currently has an average rating of “Hold” and an average price target of $411.47.

NYSE:BA traded up $2.55 during trading hours on Friday, reaching $380.07. 4,703,105 shares of the company were exchanged, compared to its average volume of 7,460,789. The company has a quick ratio of 0.31, a current ratio of 1.08 and a debt-to-equity ratio of 25.99. The company has a market cap of $214.54 billion, a P/E ratio of 23.74, a P/E/G ratio of 2.05 and a beta of 1.33. Boeing Co has a 52-week low of $292.47 and a 52-week high of $446.01.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, January 30th. The aircraft producer reported $5.48 earnings per share for the quarter, topping the Zacks’ 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 the consensus estimate of $26.76 billion. During the same quarter last year, the firm posted $3.04 earnings per share. Boeing’s revenue was up 14.4% on a year-over-year basis. Research analysts forecast that Boeing Co will post 16.63 earnings per share 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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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