Cypress Capital Management LLC WY Sells 400 Shares of The Boeing Company (NYSE:BA)

Cypress Capital Management LLC WY decreased its position in shares of The Boeing Company (NYSE:BA) by 64.2% in the 4th quarter, HoldingsChannel reports. The fund owned 223 shares of the aircraft producer’s stock after selling 400 shares during the period. Cypress Capital Management LLC WY’s holdings in Boeing were worth $39,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp boosted its position in shares of Boeing by 122.0% during the third quarter. Van ECK Associates Corp now owns 2,277,548 shares of the aircraft producer’s stock valued at $357,712,000 after buying an additional 1,251,456 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Boeing by 289.8% during the 3rd quarter. International Assets Investment Management LLC now owns 1,682,970 shares of the aircraft producer’s stock valued at $2,558,790,000 after acquiring an additional 1,251,165 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Boeing by 1,296.3% during the 3rd quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer’s stock worth $169,386,000 after acquiring an additional 1,055,472 shares during the last quarter. State Street Corp grew its stake in shares of Boeing by 2.3% in the 3rd quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer’s stock worth $4,223,397,000 after acquiring an additional 636,594 shares in the last quarter. Finally, Jennison Associates LLC raised its holdings in shares of Boeing by 9.9% in the third quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock valued at $1,018,775,000 after purchasing an additional 602,143 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently weighed in on BA. Wells Fargo & Company boosted their price target on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a report on Wednesday. UBS Group boosted their target price on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday. Susquehanna increased their price target on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday. Robert W. Baird cut their price objective on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Finally, Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $195.00.

Boeing Trading Up 3.3 %

Boeing stock opened at $179.47 on Friday. The firm has a market capitalization of $110.95 billion, a price-to-earnings ratio of -13.91 and a beta of 1.52. The firm has a 50 day simple moving average of $168.24 and a 200 day simple moving average of $164.26. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $214.63.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the prior year, the firm posted ($0.47) earnings per share. On average, equities research analysts forecast that The Boeing Company will post -16.39 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.