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

Cohen Investment Advisors LLC lessened its holdings in shares of The Boeing Company (NYSE:BA) by 8.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,643 shares of the aircraft producer’s stock after selling 925 shares during the period. Cohen Investment Advisors LLC’s holdings in Boeing were worth $1,884,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of BA. RPg Family Wealth Advisory LLC bought a new position in shares of Boeing during the third quarter worth about $28,000. Kiely Wealth Advisory Group Inc. bought a new stake in shares of Boeing in the second quarter worth $33,000. Cedar Wealth Management LLC acquired a new position in Boeing during the third quarter worth $30,000. Fairscale Capital LLC bought a new position in Boeing in the second quarter valued at $59,000. Finally, Planning Capital Management Corp increased its stake in Boeing by 741.0% in the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after buying an additional 289 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. DZ Bank cut Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a report on Tuesday, October 15th. Jefferies Financial Group lowered their price target on Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. JPMorgan Chase & Co. decreased their target price on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a research note on Monday, November 25th. Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. Finally, UBS Group lowered their price target on Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $192.21.

Boeing Price Performance

Shares of NYSE BA opened at $168.91 on Friday. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $217.59. The stock has a market capitalization of $104.42 billion, a PE ratio of -13.09 and a beta of 1.52. The business has a fifty day moving average price of $162.40 and a two-hundred day moving average price of $164.98.

Boeing (NYSE:BA) last released its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS 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 analysts’ expectations of $17.81 billion. During the same quarter in the prior year, the company posted ($3.26) earnings per share. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, equities analysts expect that The Boeing Company will post -16.43 EPS for the current year.

Boeing Company 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.