Courier Capital LLC Decreases Stock Position in The Boeing Company (NYSE:BA)

Courier Capital LLC cut its position in shares of The Boeing Company (NYSE:BA) by 6.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,390 shares of the aircraft producer’s stock after selling 1,275 shares during the period. Courier Capital LLC’s holdings in Boeing were worth $3,078,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Van ECK Associates Corp raised its holdings in Boeing by 122.0% during the 3rd 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 period. International Assets Investment Management LLC lifted its holdings in shares of Boeing by 289.8% in the 3rd quarter. International Assets Investment Management LLC now owns 1,682,970 shares of the aircraft producer’s stock worth $2,558,790,000 after acquiring an additional 1,251,165 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Boeing by 1,296.3% in the third quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer’s stock worth $169,386,000 after buying an additional 1,055,472 shares during the period. Wulff Hansen & CO. increased its stake in Boeing by 15,039.0% in the second quarter. Wulff Hansen & CO. now owns 967,383 shares of the aircraft producer’s stock worth $176,073,000 after purchasing an additional 960,993 shares during the period. Finally, State Street Corp grew its holdings in shares of Boeing by 2.3% in the third quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer’s stock worth $4,223,397,000 after purchasing an additional 636,594 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of BA stock traded down $1.44 during trading on Monday, hitting $170.56. 6,026,982 shares of the company were exchanged, compared to its average volume of 8,544,258. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $217.59. The firm has a market capitalization of $105.44 billion, a price-to-earnings ratio of -13.22 and a beta of 1.52. The business’s 50-day simple moving average is $161.39 and its 200 day simple moving average is $165.16.

Boeing (NYSE:BA) last released its quarterly earnings results 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 for the quarter, compared to the consensus estimate of $17.81 billion. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the company posted ($3.26) earnings per share. On average, equities analysts forecast that The Boeing Company will post -16.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

BA has been the subject of several research reports. DZ Bank cut Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price for the company. in a report on Tuesday, October 15th. Morgan Stanley reduced their price target on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. JPMorgan Chase & Co. dropped their target price on Boeing from $195.00 to $190.00 and set an “overweight” rating on the stock in a research note on Monday, November 25th. Susquehanna cut their price objective on Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a report on Thursday, October 24th. Finally, Wells Fargo & Company reduced their price target on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $192.21.

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.