Cohen Investment Advisors LLC Sells 925 Shares of The Boeing Company (NYSE:BA)

Cohen Investment Advisors LLC decreased its stake in The Boeing Company (NYSE:BA) by 8.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 10,643 shares of the aircraft producer’s stock after selling 925 shares during the quarter. Cohen Investment Advisors LLC’s holdings in Boeing were worth $1,884,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. IMS Capital Management raised its stake in shares of Boeing by 0.4% during the second quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer’s stock valued at $2,759,000 after acquiring an additional 62 shares during the last quarter. Sterneck Capital Management LLC boosted its stake in shares of Boeing by 2.3% during the 4th quarter. Sterneck Capital Management LLC now owns 2,992 shares of the aircraft producer’s stock valued at $530,000 after purchasing an additional 66 shares in the last quarter. Peoples Financial Services CORP. increased its position in shares of Boeing by 0.8% during the third quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer’s stock valued at $1,352,000 after buying an additional 67 shares during the period. GSG Advisors LLC raised its stake in Boeing by 4.7% in the fourth quarter. GSG Advisors LLC now owns 1,490 shares of the aircraft producer’s stock worth $264,000 after buying an additional 67 shares in the last quarter. Finally, Altus Wealth Group LLC lifted its holdings in Boeing by 5.7% in the third quarter. Altus Wealth Group LLC now owns 1,325 shares of the aircraft producer’s stock worth $201,000 after buying an additional 71 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on BA. The Goldman Sachs Group lowered their target price on Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. Benchmark restated a “buy” rating and issued a $250.00 price target on shares of Boeing in a research note on Thursday, October 24th. UBS Group dropped their target price on Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Sanford C. Bernstein downgraded Boeing from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating on the stock in a research note on Monday, November 25th. Two analysts have rated the stock with a sell rating, eight have given 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, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $192.21.

Boeing Price Performance

Shares of BA stock opened at $168.91 on Friday. The firm has a fifty day moving average price of $162.40 and a 200-day moving average price of $164.98. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $217.59. The company has a market cap of $104.42 billion, a price-to-earnings ratio of -13.09 and a beta of 1.52.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the prior year, the company earned ($3.26) earnings per share. Boeing’s quarterly revenue was down 1.5% on a year-over-year basis. Equities research analysts expect that The Boeing Company will post -16.43 EPS for the current 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.