Lincoln National Corp Reduces Stock Position in The Boeing Company (NYSE:BA)

Lincoln National Corp reduced its position in shares of The Boeing Company (NYSE:BAGet Rating) by 3.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,539 shares of the aircraft producer’s stock after selling 652 shares during the period. Lincoln National Corp’s holdings in Boeing were worth $2,002,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Tevis Investment Management lifted its holdings in Boeing by 69.6% in the second quarter. Tevis Investment Management now owns 195 shares of the aircraft producer’s stock worth $27,000 after buying an additional 80 shares during the period. Karp Capital Management Corp purchased a new stake in Boeing in the third quarter worth about $33,000. Selway Asset Management purchased a new stake in Boeing in the third quarter worth about $36,000. Beaird Harris Wealth Management LLC lifted its holdings in Boeing by 61.6% in the third quarter. Beaird Harris Wealth Management LLC now owns 328 shares of the aircraft producer’s stock worth $40,000 after buying an additional 125 shares during the period. Finally, Moisand Fitzgerald Tamayo LLC lifted its holdings in Boeing by 46.4% in the second quarter. Moisand Fitzgerald Tamayo LLC now owns 366 shares of the aircraft producer’s stock worth $50,000 after buying an additional 116 shares during the period. 57.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BA has been the subject of several research analyst reports. Jefferies Financial Group set a $240.00 price objective on shares of Boeing in a report on Monday, January 9th. StockNews.com raised shares of Boeing from a “sell” rating to a “hold” rating in a research note on Wednesday, January 18th. Wells Fargo & Company raised their target price on shares of Boeing from $218.00 to $240.00 and gave the company an “overweight” rating in a research note on Wednesday, January 11th. Susquehanna Bancshares raised their target price on shares of Boeing from $185.00 to $217.00 and gave the company a “positive” rating in a research note on Wednesday, December 14th. Finally, Susquehanna raised their target price on shares of Boeing from $185.00 to $217.00 and gave the company a “positive” rating in a research note on Wednesday, December 14th. Five research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and an average price target of $222.53.

Insiders Place Their Bets

In related news, Director Steven M. Mollenkopf bought 1,285 shares of the business’s stock in a transaction on Friday, November 4th. The stock was acquired at an average price of $157.09 per share, with a total value of $201,860.65. Following the transaction, the director now owns 2,917 shares in the company, valued at approximately $458,231.53. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Boeing news, CEO David L. Calhoun purchased 25,000 shares of the company’s stock in a transaction dated Friday, November 4th. The shares were acquired at an average price of $158.88 per share, for a total transaction of $3,972,000.00. Following the purchase, the chief executive officer now directly owns 25,000 shares of the company’s stock, valued at approximately $3,972,000. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Steven M. Mollenkopf purchased 1,285 shares of the company’s stock in a transaction dated Friday, November 4th. The shares were acquired at an average price of $157.09 per share, for a total transaction of $201,860.65. Following the purchase, the director now directly owns 2,917 shares in the company, valued at $458,231.53. The disclosure for this purchase can be found here. 0.11% of the stock is currently owned by insiders.

Boeing Price Performance

Shares of BA opened at $209.97 on Tuesday. The firm has a 50 day moving average of $189.86 and a 200 day moving average of $164.79. The Boeing Company has a twelve month low of $113.02 and a twelve month high of $223.23.

Boeing (NYSE:BAGet Rating) last posted its earnings results on Wednesday, October 26th. The aircraft producer reported ($6.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($6.17). The business had revenue of $15.96 billion for the quarter, compared to analyst estimates of $18.03 billion. During the same period in the previous year, the business posted ($0.60) earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. On average, equities research analysts predict that The Boeing Company will post -8.88 EPS for the current fiscal year.

About Boeing

(Get Rating)

The Boeing Co is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space, and security systems. It operates through the following segments: Commercial Airplanes (BCA), Defense, Space and Security (BDS), Global Services (BGS), and Boeing Capital (BCC). The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide.

Featured Articles

Want to see what other hedge funds are holding BA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Boeing Company (NYSE:BAGet Rating).

Institutional Ownership by Quarter for Boeing (NYSE:BA)

Receive News & Ratings for Boeing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Boeing and related companies with MarketBeat.com's FREE daily email newsletter.