Means Investment CO. Inc. Trims Position in The Boeing Company (NYSE:BA)

Means Investment CO. Inc. decreased its position in shares of The Boeing Company (NYSE:BA) by 19.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 1,587 shares of the aircraft producer’s stock after selling 382 shares during the period. Means Investment CO. Inc.’s holdings in Boeing were worth $281,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of BA. Sterneck Capital Management LLC lifted its holdings in Boeing by 2.3% during the fourth quarter. Sterneck Capital Management LLC now owns 2,992 shares of the aircraft producer’s stock worth $530,000 after buying an additional 66 shares during the period. Peoples Financial Services CORP. boosted its position in Boeing by 0.8% during the third quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer’s stock valued at $1,352,000 after purchasing an additional 67 shares in the last quarter. GSG Advisors LLC grew its stake in Boeing by 4.7% in the fourth quarter. GSG Advisors LLC now owns 1,490 shares of the aircraft producer’s stock valued at $264,000 after purchasing an additional 67 shares during the last quarter. Bay Rivers Group lifted its position in shares of Boeing by 1.0% during the fourth quarter. Bay Rivers Group now owns 7,416 shares of the aircraft producer’s stock valued at $1,313,000 after buying an additional 70 shares during the last quarter. Finally, Altus Wealth Group LLC boosted its holdings in shares of Boeing by 5.7% in the 3rd quarter. Altus Wealth Group LLC now owns 1,325 shares of the aircraft producer’s stock valued at $201,000 after buying an additional 71 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Down 1.8 %

BA stock opened at $176.26 on Monday. The firm has a 50-day moving average of $169.50 and a two-hundred day moving average of $164.20. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $214.63. The company has a market cap of $108.96 billion, a price-to-earnings ratio of -9.62 and a beta of 1.52.

Boeing (NYSE:BA) last announced 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 period in the previous year, the firm posted ($0.47) earnings per share. As a group, equities analysts forecast that The Boeing Company will post -1.61 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BA. Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. TD Cowen cut their price objective on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday, January 29th. Citigroup decreased their price target on shares of Boeing from $209.00 to $207.00 and set a “buy” rating for the company in a report on Friday, January 24th. Finally, UBS Group upped their target price on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Boeing presently has an average rating of “Moderate Buy” and an average price target of $195.00.

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.