Sandhill Capital Partners LLC Sells 2,646 Shares of The Boeing Company (NYSE:BA)

Sandhill Capital Partners LLC cut its stake in The Boeing Company (NYSE:BA) by 12.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,117 shares of the aircraft producer’s stock after selling 2,646 shares during the period. Sandhill Capital Partners LLC’s holdings in Boeing were worth $4,722,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Stevens Capital Management LP bought a new stake in Boeing in the 4th quarter valued at $5,004,000. Syon Capital LLC lifted its holdings in shares of Boeing by 6.4% during the 4th quarter. Syon Capital LLC now owns 5,218 shares of the aircraft producer’s stock worth $1,360,000 after acquiring an additional 313 shares during the period. NJ State Employees Deferred Compensation Plan bought a new position in shares of Boeing during the 4th quarter worth about $600,000. Nadler Financial Group Inc. lifted its holdings in shares of Boeing by 22.1% during the 4th quarter. Nadler Financial Group Inc. now owns 1,465 shares of the aircraft producer’s stock worth $382,000 after acquiring an additional 265 shares during the period. Finally, Bailard Inc. lifted its holdings in shares of Boeing by 1.4% during the 4th quarter. Bailard Inc. now owns 5,110 shares of the aircraft producer’s stock worth $1,332,000 after acquiring an additional 71 shares during the period. 64.82% of the stock is owned by institutional investors.

Boeing Trading Up 1.5 %

Shares of NYSE:BA traded up $2.48 during trading on Thursday, hitting $166.81. 12,448,376 shares of the company’s stock were exchanged, compared to its average volume of 9,789,682. The Boeing Company has a 1-year low of $159.70 and a 1-year high of $267.54. The firm has a 50-day moving average price of $188.03 and a two-hundred day moving average price of $206.89. The firm has a market cap of $101.78 billion, a P/E ratio of -45.33, a PEG ratio of 133.97 and a beta of 1.52.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, topping the consensus estimate of ($0.72) by $0.25. The business had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. During the same quarter in the prior year, the firm earned ($1.75) EPS. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, research analysts predict that The Boeing Company will post 0.32 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on BA. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Boeing from $240.00 to $225.00 and set a “buy” rating for the company in a report on Thursday. Citigroup reduced their price objective on shares of Boeing from $252.00 to $224.00 and set a “buy” rating for the company in a report on Thursday. UBS Group reduced their price objective on shares of Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, March 21st. Bank of America cut their price target on shares of Boeing from $210.00 to $190.00 and set a “neutral” rating for the company in a report on Thursday, April 11th. Finally, Melius reissued a “hold” rating on shares of Boeing in a report on Monday, April 1st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $222.41.

Boeing Company 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.