Southern Capital Advisors LLC Cuts Stock Position in The Boeing Company (NYSE:BA)

Southern Capital Advisors LLC trimmed its position in shares of The Boeing Company (NYSE:BA) by 8.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,148 shares of the aircraft producer’s stock after selling 300 shares during the quarter. Southern Capital Advisors LLC’s holdings in Boeing were worth $557,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of BA. Sugar Maple Asset Management LLC purchased a new stake in shares of Boeing during the fourth quarter worth $27,000. Fiduciary Advisors Inc. purchased a new stake in Boeing during the 4th quarter worth about $28,000. RPg Family Wealth Advisory LLC purchased a new stake in Boeing during the 3rd quarter worth about $28,000. Cedar Wealth Management LLC acquired a new stake in Boeing in the 3rd quarter valued at about $30,000. Finally, Albion Financial Group UT boosted its stake in shares of Boeing by 116.1% in the 4th quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer’s stock valued at $52,000 after buying an additional 159 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have commented on BA. UBS Group boosted their price target on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft increased their price objective on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Robert W. Baird lowered their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price objective on shares of Boeing in a report on Wednesday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $195.00.

Boeing Stock Up 3.3 %

BA opened at $179.47 on Friday. The business has a 50 day moving average price of $168.96 and a two-hundred day moving average price of $164.37. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $214.63. The company has a market cap of $110.95 billion, a PE ratio of -9.80 and a beta of 1.52.

Boeing (NYSE:BA) last issued 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 period in the previous year, the business earned ($0.47) earnings per share. As a group, sell-side analysts expect that The Boeing Company will post -1.61 EPS for the current fiscal 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.