The Boeing Company (NYSE:BA) Shares Sold by Founders Capital Management

Founders Capital Management reduced its position in shares of The Boeing Company (NYSE:BA) by 12.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,922 shares of the aircraft producer’s stock after selling 557 shares during the quarter. Boeing accounts for approximately 0.4% of Founders Capital Management’s investment portfolio, making the stock its 29th biggest holding. Founders Capital Management’s holdings in Boeing were worth $694,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of BA. IMS Capital Management lifted its stake in shares of Boeing by 0.4% in the second quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer’s stock valued at $2,759,000 after purchasing an additional 62 shares during the period. Sterneck Capital Management LLC raised its holdings in Boeing by 2.3% during the fourth quarter. Sterneck Capital Management LLC now owns 2,992 shares of the aircraft producer’s stock worth $530,000 after purchasing an additional 66 shares during the last quarter. Peoples Financial Services CORP. grew its holdings in Boeing by 0.8% in the third quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer’s stock valued at $1,352,000 after purchasing an additional 67 shares during the last quarter. Altus Wealth Group LLC raised its stake in shares of Boeing by 5.7% during the 3rd 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 last quarter. Finally, Hancock Whitney Corp boosted its position in shares of Boeing by 1.0% in the 2nd quarter. Hancock Whitney Corp now owns 7,582 shares of the aircraft producer’s stock worth $1,380,000 after buying an additional 72 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on BA shares. Barclays upgraded 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 report on Monday, January 6th. Benchmark restated a “buy” rating and issued a $250.00 target price on shares of Boeing in a report on Thursday, October 24th. Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. Wells Fargo & Company decreased their price target on Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a research note on Monday, November 4th. Finally, DZ Bank downgraded Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Boeing currently has an average rating of “Moderate Buy” and an average price target of $192.21.

Boeing Trading Down 1.3 %

NYSE BA traded down $2.31 on Monday, reaching $169.69. The company’s stock had a trading volume of 2,890,716 shares, compared to its average volume of 8,083,666. The firm has a market cap of $104.90 billion, a PE ratio of -13.15 and a beta of 1.52. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $217.59. The business has a 50-day moving average price of $161.39 and a 200 day moving average price of $165.16.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter last year, the business posted ($3.26) EPS. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. Analysts anticipate that The Boeing Company will post -16.18 earnings per share for the current fiscal 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.