Synergy Asset Management LLC Sells 24,759 Shares of The Boeing Company (NYSE:BA)

Synergy Asset Management LLC trimmed its holdings in shares of The Boeing Company (NYSE:BA) by 93.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,676 shares of the aircraft producer’s stock after selling 24,759 shares during the quarter. Synergy Asset Management LLC’s holdings in Boeing were worth $288,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Sugar Maple Asset Management LLC bought a new position in shares of Boeing in the fourth quarter worth $27,000. RPg Family Wealth Advisory LLC bought a new position in Boeing in the 3rd quarter valued at about $28,000. Cedar Wealth Management LLC acquired a new position in shares of Boeing in the 3rd quarter valued at approximately $30,000. Albion Financial Group UT lifted its holdings in shares of Boeing by 116.1% during the 4th quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer’s stock worth $52,000 after acquiring an additional 159 shares during the period. Finally, Planning Capital Management Corp boosted its position in shares of Boeing by 741.0% during the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after acquiring an additional 289 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Price Performance

Shares of BA stock opened at $179.47 on Friday. The stock has a market capitalization of $110.95 billion, a PE ratio of -13.91 and a beta of 1.52. The business’s 50 day simple moving average is $168.24 and its 200 day simple moving average is $164.26. The Boeing Company has a one year low of $137.03 and a one year high of $214.63.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the prior year, the company earned ($0.47) EPS. As a group, research analysts expect that The Boeing Company will post -16.39 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on BA. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. JPMorgan Chase & Co. upped their price objective on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday. Benchmark reiterated a “buy” rating and issued a $250.00 target price on shares of Boeing in a research report on Thursday, October 24th. TD Cowen dropped their target price on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of Boeing in a report on Wednesday. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Boeing has an average rating of “Moderate Buy” and a consensus price target of $195.00.

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.