First Horizon Advisors Inc. Decreases Stock Holdings in The Boeing Company (NYSE:BA)

First Horizon Advisors Inc. cut its stake in The Boeing Company (NYSE:BA) by 6.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,821 shares of the aircraft producer’s stock after selling 412 shares during the period. First Horizon Advisors Inc.’s holdings in Boeing were worth $1,517,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Boeing by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 47,609,508 shares of the aircraft producer’s stock valued at $9,125,790,000 after buying an additional 356,496 shares during the period. Morgan Stanley increased its position in shares of Boeing by 1.1% during the 3rd quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock worth $1,602,880,000 after purchasing an additional 91,801 shares during the last quarter. Northern Trust Corp raised its stake in shares of Boeing by 3.2% in the 3rd quarter. Northern Trust Corp now owns 4,951,181 shares of the aircraft producer’s stock valued at $949,042,000 after acquiring an additional 153,168 shares during the period. Jennison Associates LLC purchased a new stake in shares of Boeing in the 4th quarter valued at approximately $960,397,000. Finally, Invesco Ltd. lifted its holdings in shares of Boeing by 30.1% in the 3rd quarter. Invesco Ltd. now owns 3,279,421 shares of the aircraft producer’s stock worth $628,599,000 after acquiring an additional 759,267 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Susquehanna lowered their price target on Boeing from $265.00 to $230.00 and set a “positive” rating for the company in a research report on Thursday, March 21st. Barclays dropped their price target on shares of Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a research note on Monday, April 22nd. Morgan Stanley decreased their price target on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 10th. Citigroup dropped their price objective on shares of Boeing from $252.00 to $224.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Finally, Stifel Nicolaus decreased their price objective on shares of Boeing from $270.00 to $260.00 and set a “buy” rating for the company in a research report on Wednesday, April 10th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Boeing presently has a consensus rating of “Hold” and a consensus target price of $222.41.

Boeing Trading Up 0.5 %

NYSE BA opened at $179.79 on Friday. The business’s 50 day moving average is $184.16 and its two-hundred day moving average is $205.95. The Boeing Company has a 12-month low of $159.70 and a 12-month high of $267.54.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, topping the consensus estimate 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. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.75) earnings per share. Research analysts anticipate that The Boeing Company will post -0.18 earnings per share for the current year.

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.