Certified Advisory Corp lowered its position in The Boeing Company (NYSE:BA – Free Report) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,207 shares of the aircraft producer’s stock after selling 118 shares during the quarter. Certified Advisory Corp’s holdings in Boeing were worth $745,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of BA. RPg Family Wealth Advisory LLC purchased a new stake in Boeing in the third quarter valued at $28,000. Cedar Wealth Management LLC purchased a new stake in Boeing in the 3rd quarter valued at about $30,000. Kiely Wealth Advisory Group Inc. acquired a new position in Boeing in the second quarter valued at about $33,000. Planning Capital Management Corp boosted its stake in Boeing by 741.0% during the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after buying an additional 289 shares during the period. Finally, Truvestments Capital LLC acquired a new stake in shares of Boeing during the third quarter valued at about $58,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities analysts have recently commented on BA shares. 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. Deutsche Bank Aktiengesellschaft upped their price target on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Benchmark reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Boeing in a research note on Thursday, October 24th. Morgan Stanley decreased their target price on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. lowered their target price on Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a report on Monday, November 25th. 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 issued a strong buy rating to the company’s stock. According to MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and an average price target of $192.21.
Boeing Price Performance
NYSE:BA opened at $171.14 on Friday. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $217.59. The firm has a market capitalization of $105.80 billion, a PE ratio of -13.27 and a beta of 1.52. The business’s fifty day moving average price is $162.76 and its 200 day moving average price is $165.00.
Boeing (NYSE:BA – Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. The business’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($3.26) EPS. As a group, equities analysts anticipate that The Boeing Company will post -16.43 EPS for the current year.
About Boeing
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.
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