RPG Investment Advisory LLC Decreases Stock Position in The Boeing Company (NYSE:BA)

RPG Investment Advisory LLC reduced its position in The Boeing Company (NYSE:BA) by 9.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 51,099 shares of the aircraft producer’s stock after selling 5,072 shares during the period. RPG Investment Advisory LLC’s holdings in Boeing were worth $9,045,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in BA. Chaney Capital Management Inc. boosted its stake in Boeing by 2.1% in the fourth quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer’s stock valued at $508,000 after acquiring an additional 58 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its stake in Boeing by 0.6% in the fourth quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer’s stock valued at $1,878,000 after acquiring an additional 59 shares in the last quarter. Center for Financial Planning Inc. boosted its stake in Boeing by 12.0% in the fourth quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer’s stock valued at $99,000 after acquiring an additional 60 shares in the last quarter. Transcend Capital Advisors LLC boosted its stake in Boeing by 1.3% in the fourth quarter. Transcend Capital Advisors LLC now owns 4,923 shares of the aircraft producer’s stock valued at $871,000 after acquiring an additional 61 shares in the last quarter. Finally, Beacon Capital Management LLC boosted its stake in Boeing by 4.0% in the fourth quarter. Beacon Capital Management LLC now owns 1,709 shares of the aircraft producer’s stock valued at $302,000 after acquiring an additional 65 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BA has been the subject of several research reports. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $195.00 to $169.00 in a research note on Wednesday, October 30th. Citigroup lifted their price objective on shares of Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. JPMorgan Chase & Co. lifted their price objective on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company lifted their price objective on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued 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 a consensus target price of $195.16.

Insider Activity

In related news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the transaction, the executive vice president now directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.16% of the company’s stock.

Boeing Stock Performance

BA opened at $177.34 on Monday. The company has a fifty day moving average of $176.74 and a two-hundred day moving average of $164.39. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $208.10. The stock has a market capitalization of $133.02 billion, a price-to-earnings ratio of -9.68 and a beta of 1.52.

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 the consensus estimate of ($1.60) by ($4.30). During the same quarter last year, the business posted ($0.47) EPS. On average, equities research analysts forecast that The Boeing Company will post -2.58 earnings per share 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.