Ignite Planners LLC Sells 411 Shares of The Boeing Company (NYSE:BA)

Ignite Planners LLC decreased its holdings in shares of The Boeing Company (NYSE:BA) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,838 shares of the aircraft producer’s stock after selling 411 shares during the quarter. Ignite Planners LLC’s holdings in Boeing were worth $2,691,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. IMS Capital Management grew its stake in Boeing by 0.4% in the 2nd quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer’s stock worth $2,759,000 after acquiring an additional 62 shares in the last quarter. Sterneck Capital Management LLC boosted its holdings in shares of Boeing by 2.3% in the fourth 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 during the period. Peoples Financial Services CORP. grew its stake in Boeing by 0.8% in the third quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer’s stock worth $1,352,000 after purchasing an additional 67 shares in the last quarter. GSG Advisors LLC increased its holdings in Boeing by 4.7% during the 4th quarter. GSG Advisors LLC now owns 1,490 shares of the aircraft producer’s stock worth $264,000 after purchasing an additional 67 shares during the period. Finally, Altus Wealth Group LLC raised its position in Boeing by 5.7% during the 3rd quarter. Altus Wealth Group LLC now owns 1,325 shares of the aircraft producer’s stock valued at $201,000 after purchasing an additional 71 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on BA. Susquehanna dropped their price target on Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research report on Thursday, October 24th. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 target price on shares of Boeing in a research report on Wednesday, October 30th. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. DZ Bank lowered shares of 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. Finally, UBS Group lowered their target price on Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.21.

Boeing Stock Performance

Boeing stock opened at $170.56 on Tuesday. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $217.59. The company has a market cap of $105.44 billion, a PE ratio of -13.22 and a beta of 1.52. The business’s 50-day simple moving average is $161.70 and its two-hundred day simple moving average is $165.07.

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 company had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the previous year, the business posted ($3.26) EPS. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, analysts predict that The Boeing Company will post -16.18 EPS 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.