Wellington Shields & Co. LLC Boosts Stock Holdings in The Boeing Company (NYSE:BA)

Wellington Shields & Co. LLC raised its position in shares of The Boeing Company (NYSE:BA) by 10.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,908 shares of the aircraft producer’s stock after purchasing an additional 445 shares during the period. Wellington Shields & Co. LLC’s holdings in The Boeing were worth $1,051,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Newport Trust Co boosted its holdings in The Boeing by 41.0% in the 4th quarter. Newport Trust Co now owns 49,550,937 shares of the aircraft producer’s stock worth $10,606,874,000 after buying an additional 14,409,687 shares during the period. FMR LLC boosted its holdings in shares of The Boeing by 75.9% in the fourth quarter. FMR LLC now owns 6,095,082 shares of the aircraft producer’s stock worth $1,304,713,000 after acquiring an additional 2,629,054 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of The Boeing by 49,169.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,617,693 shares of the aircraft producer’s stock worth $432,600,000 after acquiring an additional 2,612,380 shares during the period. Boston Partners purchased a new position in shares of The Boeing in the fourth quarter valued at $397,386,000. Finally, BlackRock Inc. raised its stake in shares of The Boeing by 3.3% during the 4th quarter. BlackRock Inc. now owns 31,244,004 shares of the aircraft producer’s stock valued at $6,688,091,000 after purchasing an additional 1,000,081 shares during the period. 51.41% of the stock is owned by institutional investors and hedge funds.

BA traded up $0.88 during midday trading on Tuesday, hitting $213.76. The stock had a trading volume of 393,019 shares, compared to its average volume of 12,441,048. The Boeing Company has a 1 year low of $89.00 and a 1 year high of $321.74. The business has a fifty day moving average of $207.53 and a 200 day moving average of $189.66. The company has a market cap of $124.62 billion, a P/E ratio of -26.98, a price-to-earnings-growth ratio of 101.91 and a beta of 1.65.

The Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, January 26th. The aircraft producer reported ($15.25) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.78) by ($13.47). The firm had revenue of $15.30 billion for the quarter, compared to analysts’ expectations of $15.36 billion. During the same period last year, the firm posted ($2.33) EPS. The business’s revenue was down 14.6% on a year-over-year basis. On average, research analysts expect that The Boeing Company will post -9.39 EPS for the current year.

In related news, CEO Theodore Colbert III sold 5,000 shares of the stock in a transaction dated Tuesday, February 2nd. The stock was sold at an average price of $200.80, for a total transaction of $1,004,000.00. Following the completion of the sale, the chief executive officer now directly owns 49,846 shares in the company, valued at approximately $10,009,076.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Timothy John Keating sold 21,737 shares of the firm’s stock in a transaction that occurred on Tuesday, February 2nd. The stock was sold at an average price of $202.15, for a total value of $4,394,134.55. Following the transaction, the executive vice president now owns 101,817 shares in the company, valued at $20,582,306.55. The disclosure for this sale can be found here. 0.16% of the stock is owned by company insiders.

Several equities research analysts have recently weighed in on BA shares. Nord/LB cut The Boeing from a “hold” rating to a “sell” rating in a research report on Thursday, January 28th. DZ Bank reaffirmed a “buy” rating on shares of The Boeing in a report on Friday, December 11th. Morgan Stanley raised shares of The Boeing from an “underweight” rating to an “overweight” rating and raised their price target for the company from $165.00 to $230.00 in a report on Friday, January 29th. Sanford C. Bernstein lowered shares of The Boeing from a “market perform” rating to an “underperform” rating and reduced their price target for the company from $221.00 to $199.00 in a research report on Monday, January 4th. Finally, Zacks Investment Research downgraded The Boeing from a “hold” rating to a “sell” rating and set a $215.00 price objective on the stock. in a research report on Tuesday, January 5th. Six analysts have rated the stock with a sell rating, eight have given a hold rating and fourteen have assigned a buy rating to the stock. The Boeing currently has a consensus rating of “Hold” and a consensus price target of $216.84.

The Boeing Profile

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

Further Reading: How can you know how many shares are floating?

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Institutional Ownership by Quarter for The Boeing (NYSE:BA)

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