North Star Asset Management Inc. Sells 955 Shares of The Boeing Company (NYSE:BA)

North Star Asset Management Inc. cut its stake in shares of The Boeing Company (NYSE:BA) by 5.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,294 shares of the aircraft producer’s stock after selling 955 shares during the quarter. North Star Asset Management Inc.’s holdings in Boeing were worth $3,238,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Sierra Ocean LLC bought a new position in shares of Boeing during the 4th quarter valued at approximately $26,000. Fiduciary Advisors Inc. purchased a new position in Boeing in the 4th quarter worth approximately $28,000. HighMark Wealth Management LLC lifted its holdings in Boeing by 121.6% in the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after purchasing an additional 90 shares in the last quarter. Anfield Capital Management LLC lifted its holdings in Boeing by 113.1% in the 4th quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock worth $32,000 after purchasing an additional 95 shares in the last quarter. Finally, Heck Capital Advisors LLC purchased a new position in Boeing in the 4th quarter worth approximately $33,000. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Performance

NYSE BA opened at $202.49 on Friday. The company has a market cap of $152.68 billion, a P/E ratio of -11.05 and a beta of 1.41. The business’s 50 day moving average price is $176.17 and its 200-day moving average price is $170.33. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $209.66.

Boeing (NYSE:BA) last released its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, beating the consensus estimate of ($1.39) by $0.90. The company had revenue of $19.50 billion for the quarter, compared to the consensus estimate of $19.57 billion. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.13) EPS. As a group, equities analysts predict that The Boeing Company will post -2.58 EPS for the current year.

Insider Activity

In other Boeing news, SVP Brendan J. Nelson sold 640 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $206.28, for a total value of $132,019.20. Following the sale, the senior vice president now owns 13,258 shares in the company, valued at $2,734,860.24. This trade represents a 4.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jeffrey S. Shockey sold 3,205 shares of the stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total value of $650,198.35. Following the completion of the sale, the executive vice president now owns 20,513 shares in the company, valued at approximately $4,161,472.31. The trade was a 13.51% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,744 shares of company stock valued at $1,511,370. 0.09% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Citigroup reissued a “buy” rating on shares of Boeing in a report on Thursday. Wells Fargo & Company reissued an “underweight” rating on shares of Boeing in a report on Thursday. Morgan Stanley reissued an “equal weight” rating on shares of Boeing in a report on Thursday. Cowen reissued a “buy” rating on shares of Boeing in a report on Wednesday, May 7th. Finally, Susquehanna reaffirmed a “positive” rating and set a $240.00 price objective (up from $205.00) on shares of Boeing in a report on Wednesday, May 14th. Three analysts have rated the stock with a sell rating, four have issued a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $204.35.

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.