The Boeing Company (NYSE:BA) Shares Sold by Patron Partners LLC

Patron Partners LLC reduced its position in shares of The Boeing Company (NYSE:BA) by 13.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,379 shares of the aircraft producer’s stock after selling 355 shares during the period. Patron Partners LLC’s holdings in Boeing were worth $421,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Caas Capital Management LP lifted its position in shares of Boeing by 100.0% in the 4th quarter. Caas Capital Management LP now owns 2,000 shares of the aircraft producer’s stock worth $354,000 after buying an additional 1,000 shares during the last quarter. Paul R. Ried Financial Group LLC bought a new stake in shares of Boeing in the 4th quarter worth about $2,748,000. Alliance Wealth Advisors LLC UT lifted its position in Boeing by 152.8% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 4,560 shares of the aircraft producer’s stock valued at $807,000 after purchasing an additional 2,756 shares during the period. Baltimore Washington Financial Advisors Inc. bought a new position in Boeing in the fourth quarter valued at approximately $205,000. Finally, Optas LLC raised its holdings in shares of Boeing by 46.9% in the 4th quarter. Optas LLC now owns 2,088 shares of the aircraft producer’s stock valued at $370,000 after purchasing an additional 667 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Benchmark reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Boeing in a research note on Thursday, October 24th. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Wells Fargo & Company raised their price target on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $195.00 to $169.00 in a research note on Wednesday, October 30th. Finally, Susquehanna upped their price target on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. 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 stock. Based on data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and an average target price of $195.00.

Boeing Trading Down 0.3 %

BA opened at $175.95 on Tuesday. The stock has a fifty day simple moving average of $169.50 and a two-hundred day simple moving average of $164.05. The company has a market cap of $108.77 billion, a price-to-earnings ratio of -9.60 and a beta of 1.52. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $213.77.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter last year, the company posted ($0.47) EPS. On average, analysts predict that The Boeing Company will post -2.12 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.