Hanson & Doremus Investment Management Sells 353 Shares of The Boeing Company (NYSE:BA)

Hanson & Doremus Investment Management lowered its holdings in The Boeing Company (NYSE:BA) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,061 shares of the aircraft producer’s stock after selling 353 shares during the period. Hanson & Doremus Investment Management’s holdings in Boeing were worth $3,020,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Strategic Blueprint LLC boosted its stake in Boeing by 37.1% in the fourth quarter. Strategic Blueprint LLC now owns 3,346 shares of the aircraft producer’s stock valued at $592,000 after acquiring an additional 905 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Boeing by 37.9% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 6,927 shares of the aircraft producer’s stock valued at $1,226,000 after buying an additional 1,905 shares during the period. R Squared Ltd bought a new position in shares of Boeing during the 4th quarter worth $193,000. Planning Center Inc. bought a new stake in Boeing in the 4th quarter valued at about $229,000. Finally, Foster Group Inc. increased its stake in shares of Boeing by 4.6% in the fourth quarter. Foster Group Inc. now owns 3,224 shares of the aircraft producer’s stock worth $571,000 after purchasing an additional 143 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

BA opened at $174.03 on Thursday. The business has a 50 day simple moving average of $167.68 and a two-hundred day simple moving average of $164.19. The Boeing Company has a one year low of $137.03 and a one year high of $214.63. The firm has a market capitalization of $107.58 billion, a price-to-earnings ratio of -13.49 and a beta of 1.52.

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

Analyst Ratings Changes

BA has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and cut their price target for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. Robert W. Baird lowered 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. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. Finally, Morgan Stanley dropped their target price on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.