The Boeing Company (NYSE:BA) Shares Sold by Embree Financial Group

Embree Financial Group lowered its position in The Boeing Company (NYSE:BA) by 61.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,211 shares of the aircraft producer’s stock after selling 1,898 shares during the quarter. Embree Financial Group’s holdings in Boeing were worth $214,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. First Citizens Bank & Trust Co. lifted its stake in Boeing by 2.6% in the 4th quarter. First Citizens Bank & Trust Co. now owns 7,899 shares of the aircraft producer’s stock valued at $1,398,000 after buying an additional 202 shares in the last quarter. Affiance Financial LLC acquired a new position in shares of Boeing in the fourth quarter worth $300,000. Jacksonville Wealth Management LLC acquired a new position in shares of Boeing in the fourth quarter worth $347,000. B.O.S.S. Retirement Advisors LLC lifted its position in shares of Boeing by 82.7% in the fourth quarter. B.O.S.S. Retirement Advisors LLC now owns 2,594 shares of the aircraft producer’s stock valued at $459,000 after acquiring an additional 1,174 shares in the last quarter. Finally, Toth Financial Advisory Corp boosted its stake in shares of Boeing by 8.2% during the fourth quarter. Toth Financial Advisory Corp now owns 2,816 shares of the aircraft producer’s stock valued at $498,000 after acquiring an additional 214 shares during the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Trading Down 1.4 %

Shares of NYSE BA opened at $175.95 on Friday. The company has a market capitalization of $108.77 billion, a price-to-earnings ratio of -13.64 and a beta of 1.52. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $214.63. The business has a 50 day simple moving average of $166.42 and a 200-day simple moving average of $164.56.

Boeing (NYSE:BA) last posted its quarterly 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 firm had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same period in the previous year, the business earned ($3.26) earnings per share. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, equities analysts predict that The Boeing Company will post -16.39 earnings per share for the current year.

Wall Street Analyst Weigh In

BA has been the topic of a number of recent analyst reports. Wells Fargo & Company reduced 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. Morgan Stanley dropped their target price on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. DZ Bank downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a research note on Tuesday, October 15th. Finally, Susquehanna decreased their target price on shares of Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $192.11.

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.