Jacobs & Co. CA Sells 2,051 Shares of The Boeing Company (NYSE:BA)

Jacobs & Co. CA lowered its stake in The Boeing Company (NYSE:BA) by 3.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 57,741 shares of the aircraft producer’s stock after selling 2,051 shares during the period. Jacobs & Co. CA’s holdings in Boeing were worth $10,220,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new position in Boeing in the 3rd quarter worth about $28,000. Cedar Wealth Management LLC acquired a new position in shares of Boeing in the third quarter valued at approximately $30,000. Kiely Wealth Advisory Group Inc. bought a new position in Boeing in the 2nd quarter valued at approximately $33,000. Strategic Financial Concepts LLC bought a new stake in Boeing during the 2nd quarter worth approximately $41,000. Finally, Planning Capital Management Corp raised its stake in shares of Boeing by 741.0% during the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after acquiring an additional 289 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BA. Robert W. Baird lowered their price target on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. The Goldman Sachs Group dropped their target price on Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. Morgan Stanley decreased their price objective on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. Finally, Citigroup lowered their target price on shares of Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and an average price target of $192.21.

Boeing Price Performance

BA stock traded up $0.91 during trading on Friday, hitting $172.67. 5,324,449 shares of the stock traded hands, compared to its average volume of 8,578,321. The firm’s 50 day moving average is $161.04 and its two-hundred day moving average is $165.37. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $228.28. The stock has a market cap of $106.74 billion, a price-to-earnings ratio of -13.39 and a beta of 1.52.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. The company’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($3.26) EPS. As a group, analysts anticipate that The Boeing Company will post -16.18 EPS for the current fiscal year.

Boeing 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.