Fisher Asset Management LLC Decreases Holdings in The Boeing Company (NYSE:BA)

Fisher Asset Management LLC lessened its holdings in shares of The Boeing Company (NYSE:BA) by 14.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,121,977 shares of the aircraft producer’s stock after selling 713,850 shares during the quarter. Fisher Asset Management LLC’s holdings in Boeing were worth $1,074,435,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the business. CNB Bank raised its holdings in Boeing by 106.5% in the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after acquiring an additional 66 shares in the last quarter. Evolution Advisers Inc. acquired a new stake in shares of Boeing in the 4th quarter valued at about $28,000. DiNuzzo Private Wealth Inc. bought a new position in shares of Boeing during the fourth quarter worth about $28,000. Naples Money Management LLC bought a new stake in Boeing in the fourth quarter valued at about $44,000. Finally, Blue Bell Private Wealth Management LLC raised its stake in Boeing by 66.2% during the third quarter. Blue Bell Private Wealth Management LLC now owns 236 shares of the aircraft producer’s stock valued at $45,000 after buying an additional 94 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Up 3.5 %

BA stock traded up $5.96 on Thursday, hitting $177.42. 4,266,192 shares of the company’s stock traded hands, compared to its average volume of 9,602,352. The stock has a market cap of $108.91 billion, a price-to-earnings ratio of -49.31 and a beta of 1.54. The Boeing Company has a 1-year low of $159.70 and a 1-year high of $267.54. The stock has a fifty day moving average of $184.61 and a 200-day moving average of $206.14.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. Boeing’s revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the company posted ($1.75) EPS. On average, equities research analysts anticipate that The Boeing Company will post -0.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BA has been the subject of a number of research analyst reports. Stifel Nicolaus lowered their price target on Boeing from $270.00 to $260.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. Wells Fargo & Company reduced their price target on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 1st. Edward Jones downgraded shares of Boeing from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Melius Research reissued a “hold” rating on shares of Boeing in a report on Monday, April 1st. Finally, Melius reaffirmed a “hold” rating on shares of Boeing in a report on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.