The Boeing Company (NYSE:BA) Position Lowered by Gradient Investments LLC

Gradient Investments LLC reduced its position in The Boeing Company (NYSE:BA) by 3.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 5,409 shares of the aircraft producer’s stock after selling 217 shares during the period. Gradient Investments LLC’s holdings in Boeing were worth $957,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of BA. Sugar Maple Asset Management LLC bought a new stake in shares of Boeing in the 4th quarter valued at approximately $27,000. RPg Family Wealth Advisory LLC bought a new stake in Boeing during the third quarter valued at $28,000. Cedar Wealth Management LLC acquired a new stake in shares of Boeing during the third quarter worth $30,000. Planning Capital Management Corp lifted its position in shares of Boeing by 741.0% in the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after buying an additional 289 shares during the last quarter. Finally, Albion Financial Group UT boosted its holdings in shares of Boeing by 116.1% in the 4th quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer’s stock valued at $52,000 after buying an additional 159 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Down 1.4 %

BA opened at $175.95 on Friday. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $214.63. The firm has a market capitalization of $108.77 billion, a P/E ratio of -13.64 and a beta of 1.52. The stock has a fifty day moving average of $166.42 and a 200-day moving average of $164.56.

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 business had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($3.26) EPS. On average, analysts expect that The Boeing Company will post -16.39 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BA has been the topic of a number of recent research reports. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $190.00 to $210.00 in a report on Monday, January 6th. TD Cowen reduced their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Benchmark reaffirmed a “buy” rating and issued a $250.00 target price on shares of Boeing in a research report on Thursday, October 24th. DZ Bank downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target for the company. in a report on Tuesday, October 15th. Finally, Wells Fargo & Company dropped their price objective on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Boeing has an average rating of “Moderate Buy” and a consensus target price of $192.11.

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.