Patron Partners LLC Has $421,000 Holdings in The Boeing Company (NYSE:BA)

Patron Partners LLC decreased its position in The Boeing Company (NYSE:BA) by 13.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,379 shares of the aircraft producer’s stock after selling 355 shares during the quarter. Patron Partners LLC’s holdings in Boeing were worth $421,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in BA. Sugar Maple Asset Management LLC purchased a new stake in shares of Boeing during the fourth quarter valued at approximately $27,000. RPg Family Wealth Advisory LLC purchased a new position in Boeing in the third quarter worth about $28,000. Fiduciary Advisors Inc. bought a new stake in Boeing during the fourth quarter valued at approximately $28,000. Cedar Wealth Management LLC purchased a new stake in shares of Boeing in the 3rd quarter worth $30,000. Finally, Heck Capital Advisors LLC purchased a new stake in Boeing in the fourth quarter worth about $33,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

BA stock opened at $175.95 on Tuesday. The firm’s 50-day moving average is $169.50 and its 200 day moving average is $164.05. The company has a market capitalization of $108.77 billion, a PE ratio of -9.60 and a beta of 1.52. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $213.77.

Boeing (NYSE:BA) last announced its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the previous year, the firm posted ($0.47) earnings per share. Sell-side analysts forecast that The Boeing Company will post -2.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BA. TD Cowen dropped their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of Boeing in a research note on Wednesday, January 29th. Robert W. Baird dropped their target price on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Finally, UBS Group boosted their price target on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $195.00.

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.