The Boeing Company (NYSE:BA) Shares Sold by Valley Brook Capital Group Inc.

Valley Brook Capital Group Inc. lowered its stake in The Boeing Company (NYSE:BA) by 13.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,414 shares of the aircraft producer’s stock after selling 225 shares during the quarter. Valley Brook Capital Group Inc.’s holdings in Boeing were worth $250,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Exchange Traded Concepts LLC boosted its stake in Boeing by 691.3% during the third quarter. Exchange Traded Concepts LLC now owns 1,725 shares of the aircraft producer’s stock valued at $262,000 after buying an additional 1,507 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in Boeing in the 3rd quarter valued at about $141,000. NBC Securities Inc. boosted its position in shares of Boeing by 11.7% during the 3rd quarter. NBC Securities Inc. now owns 5,636 shares of the aircraft producer’s stock valued at $856,000 after purchasing an additional 592 shares in the last quarter. Edge Wealth Management LLC grew its stake in shares of Boeing by 11.5% in the 3rd quarter. Edge Wealth Management LLC now owns 2,897 shares of the aircraft producer’s stock worth $440,000 after purchasing an additional 298 shares during the last quarter. Finally, Ullmann Wealth Partners Group LLC grew its stake in shares of Boeing by 28.6% in the 3rd quarter. Ullmann Wealth Partners Group LLC now owns 1,614 shares of the aircraft producer’s stock worth $245,000 after purchasing an additional 359 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 0.0 %

Shares of NYSE:BA opened at $180.51 on Wednesday. The business has a 50 day moving average price of $172.70 and a 200 day moving average price of $163.99. The company has a market cap of $135.39 billion, a price-to-earnings ratio of -9.85 and a beta of 1.52. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $209.80.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period last year, the business posted ($0.47) EPS. Analysts anticipate that The Boeing Company will post -2.3 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Susquehanna increased their price objective on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. increased their price target on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Morgan Stanley cut their price objective on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Finally, Robert W. Baird reduced 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. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Boeing has an average rating of “Moderate Buy” and a consensus target price of $195.16.

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.