North Point Portfolio Managers Corp OH Sells 2,073 Shares of The Boeing Company (NYSE:BA)

North Point Portfolio Managers Corp OH lessened its position in shares of The Boeing Company (NYSE:BA) by 3.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 61,650 shares of the aircraft producer’s stock after selling 2,073 shares during the period. North Point Portfolio Managers Corp OH’s holdings in Boeing were worth $10,912,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Aurora Private Wealth Inc. acquired a new stake in Boeing during the fourth quarter worth approximately $282,000. Pacer Advisors Inc. boosted its holdings in shares of Boeing by 87.4% during the 4th quarter. Pacer Advisors Inc. now owns 81,307 shares of the aircraft producer’s stock worth $14,391,000 after buying an additional 37,909 shares in the last quarter. Cornerstone Wealth Group LLC grew its position in shares of Boeing by 20.3% during the 4th quarter. Cornerstone Wealth Group LLC now owns 1,583 shares of the aircraft producer’s stock worth $280,000 after buying an additional 267 shares during the period. KBC Group NV increased its stake in shares of Boeing by 32.9% in the 4th quarter. KBC Group NV now owns 60,599 shares of the aircraft producer’s stock valued at $10,726,000 after acquiring an additional 15,016 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new position in shares of Boeing during the 4th quarter valued at $126,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on BA shares. Morgan Stanley reduced their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. Citigroup reduced their target price on Boeing from $209.00 to $207.00 and set a “buy” rating for the company in a research note on Friday. DZ Bank downgraded Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a research note on Tuesday, October 15th. TD Cowen reduced their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $192.11.

Boeing Stock Down 1.4 %

Shares of BA stock opened at $175.95 on Monday. The firm has a market cap of $108.77 billion, a P/E ratio of -13.64 and a beta of 1.52. The company has a 50 day moving average of $166.42 and a 200-day moving average of $164.29. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $214.63.

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.