Eagle Bay Advisors LLC Lowers Stock Position in The Boeing Company (NYSE:BA)

Eagle Bay Advisors LLC decreased its position in The Boeing Company (NYSE:BA) by 32.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 232 shares of the aircraft producer’s stock after selling 109 shares during the period. Eagle Bay Advisors LLC’s holdings in Boeing were worth $41,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. RPg Family Wealth Advisory LLC purchased a new stake in Boeing in the 3rd quarter worth $28,000. Cedar Wealth Management LLC purchased a new stake in shares of Boeing during the third quarter worth about $30,000. Kiely Wealth Advisory Group Inc. acquired a new position in shares of Boeing during the 2nd quarter worth about $33,000. Planning Capital Management Corp lifted its stake in Boeing by 741.0% in the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after buying an additional 289 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new stake in Boeing during the 3rd quarter worth approximately $58,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BA. Deutsche Bank Aktiengesellschaft lifted their price target on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. DZ Bank cut shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a research note on Tuesday, October 15th. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. UBS Group lowered their price target on shares of Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Finally, Robert W. Baird reduced their price objective on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $192.21.

Boeing Stock Down 0.8 %

NYSE:BA opened at $170.56 on Tuesday. The stock’s 50 day moving average price is $161.70 and its 200 day moving average price is $165.07. The company has a market capitalization of $105.44 billion, a PE ratio of -13.22 and a beta of 1.52. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $217.59.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the prior year, the firm earned ($3.26) earnings per share. The business’s revenue was down 1.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that The Boeing Company will post -16.18 EPS for the current fiscal year.

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.