Hudson Value Partners LLC Sells 1,175 Shares of The Boeing Company (NYSE:BA)

by · The Cerbat Gem

Hudson Value Partners LLC trimmed its position in The Boeing Company (NYSE:BA – Free Report) by 29.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,820 shares of the aircraft producer’s stock after selling 1,175 shares during the period. Hudson Value Partners LLC’s holdings in Boeing were worth $499,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Boeing by 24.4% in the 4th quarter. Vanguard Group Inc. now owns 64,442,717 shares of the aircraft producer’s stock valued at $11,406,361,000 after buying an additional 12,641,715 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Boeing by 29.5% in the 4th quarter. Geode Capital Management LLC now owns 15,171,869 shares of the aircraft producer’s stock valued at $2,677,170,000 after purchasing an additional 3,452,075 shares during the period. Northern Trust Corp lifted its stake in shares of Boeing by 33.6% in the 4th quarter. Northern Trust Corp now owns 6,504,610 shares of the aircraft producer’s stock valued at $1,151,316,000 after purchasing an additional 1,634,231 shares during the period. Fisher Asset Management LLC lifted its stake in shares of Boeing by 3.4% in the 4th quarter. Fisher Asset Management LLC now owns 5,030,899 shares of the aircraft producer’s stock valued at $890,469,000 after purchasing an additional 164,042 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Boeing by 30.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,178,444 shares of the aircraft producer’s stock valued at $739,585,000 after purchasing an additional 981,796 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Wall Street Zen downgraded Boeing from a “hold” rating to a “sell” rating in a research note on Saturday, May 17th. TD Securities downgraded Boeing to a “cautious” rating in a research note on Thursday. Melius raised Boeing from a “hold” rating to a “buy” rating in a research note on Monday, March 24th. Melius Research set a $204.00 price target on Boeing in a research note on Monday, March 24th. Finally, Wells Fargo & Company reissued an “underweight” rating on shares of Boeing in a research note on Thursday. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $204.35.

Read Our Latest Research Report on BA

Boeing Price Performance

BA opened at $203.39 on Friday. The business’s 50-day moving average price is $175.36 and its two-hundred day moving average price is $169.97. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $209.66. The company has a market capitalization of $153.36 billion, a price-to-earnings ratio of -11.10 and a beta of 1.41.

Boeing (NYSE:BA – Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.39) by $0.90. The firm had revenue of $19.50 billion during the quarter, compared to analyst estimates of $19.57 billion. During the same period in the prior year, the business earned ($1.13) EPS. The business’s revenue for the quarter was up 17.7% compared to the same quarter last year. Sell-side analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Jeffrey S. Shockey sold 3,205 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now owns 20,513 shares in the company, valued at $4,161,472.31. This trade represents a 13.51% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Brendan J. Nelson sold 640 shares of the firm’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $206.28, for a total value of $132,019.20. Following the completion of the transaction, the senior vice president now owns 13,258 shares of the company’s stock, valued at $2,734,860.24. The trade was a 4.60% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,744 shares of company stock worth $1,511,370 in the last quarter. Corporate insiders own 0.09% of the company’s stock.

Boeing Profile

(Free Report)

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.

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