The Boeing Company (NYSE:BA) Stock Position Decreased by Simmons Bank

Simmons Bank lowered its holdings in The Boeing Company (NYSE:BA) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,633 shares of the aircraft producer’s stock after selling 259 shares during the period. Simmons Bank’s holdings in Boeing were worth $3,032,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. CNB Bank increased its stake in Boeing by 106.5% during the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after buying an additional 66 shares during the period. Evolution Advisers Inc. acquired a new position in shares of Boeing during the fourth quarter valued at approximately $28,000. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Boeing during the fourth quarter valued at $28,000. Naples Money Management LLC acquired a new position in shares of Boeing in the 4th quarter valued at $44,000. Finally, Blue Bell Private Wealth Management LLC raised its holdings in Boeing by 66.2% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 236 shares of the aircraft producer’s stock worth $45,000 after buying an additional 94 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Susquehanna reduced their target price on Boeing from $265.00 to $230.00 and set a “positive” rating for the company in a report on Thursday, March 21st. The Goldman Sachs Group decreased their price objective on Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research report on Monday, March 25th. UBS Group reduced their price target on shares of Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, March 21st. Melius Research reaffirmed a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Finally, StockNews.com downgraded shares of Boeing from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Boeing currently has a consensus rating of “Hold” and an average price target of $222.41.

Boeing Price Performance

Shares of BA traded down $1.64 during mid-day trading on Tuesday, reaching $176.71. The company had a trading volume of 5,070,139 shares, compared to its average volume of 9,605,755. The company’s 50-day moving average is $182.80 and its 200-day moving average is $206.14. The company has a market capitalization of $108.48 billion, a P/E ratio of -49.78 and a beta of 1.54. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54.

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.