Nabity Jensen Investment Management Inc Sells 359 Shares of The Boeing Company (NYSE:BA)

Nabity Jensen Investment Management Inc cut its holdings in shares of The Boeing Company (NYSE:BA) by 13.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,216 shares of the aircraft producer’s stock after selling 359 shares during the period. Nabity Jensen Investment Management Inc’s holdings in Boeing were worth $392,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. RPg Family Wealth Advisory LLC purchased a new stake in Boeing during the third quarter worth $28,000. Kiely Wealth Advisory Group Inc. bought a new position in shares of Boeing in the 2nd quarter worth $33,000. Cedar Wealth Management LLC purchased a new stake in shares of Boeing during the 3rd quarter worth $30,000. Fairscale Capital LLC bought a new stake in Boeing during the second quarter valued at about $59,000. Finally, Planning Capital Management Corp raised its holdings in Boeing by 741.0% in the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after purchasing an additional 289 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Price Performance

BA opened at $167.17 on Wednesday. The company’s 50 day simple moving average is $162.02 and its two-hundred day simple moving average is $164.97. The firm has a market capitalization of $103.34 billion, a price-to-earnings ratio of -12.96 and a beta of 1.52. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $217.59.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The company had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($3.26) EPS. On average, equities analysts anticipate that The Boeing Company will post -16.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BA. JPMorgan Chase & Co. cut their price objective on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating on the stock in a research report on Monday, November 25th. TD Cowen reduced their target price on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Robert W. Baird decreased their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Benchmark restated a “buy” rating and set a $250.00 target price on shares of Boeing in a research report on Thursday, October 24th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $192.21.

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.