Stanley Laman Group Ltd. Sells 1,084 Shares of The Boeing Company (NYSE:BA)

Stanley Laman Group Ltd. lessened its holdings in shares of The Boeing Company (NYSE:BA) by 4.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,897 shares of the aircraft producer’s stock after selling 1,084 shares during the period. Stanley Laman Group Ltd.’s holdings in Boeing were worth $4,230,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Sugar Maple Asset Management LLC purchased a new position in shares of Boeing in the 4th quarter worth about $27,000. Fiduciary Advisors Inc. purchased a new stake in shares of Boeing during the 4th quarter valued at about $28,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Boeing during the 3rd quarter valued at about $28,000. Heck Capital Advisors LLC purchased a new stake in shares of Boeing during the 4th quarter valued at about $33,000. Finally, Keystone Financial Group Inc. bought a new position in shares of Boeing during the 4th quarter valued at approximately $34,000. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

NYSE BA opened at $186.04 on Thursday. The stock has a 50 day moving average price of $173.21 and a 200-day moving average price of $163.95. The Boeing Company has a one year low of $137.03 and a one year high of $208.10. The company has a market capitalization of $139.54 billion, a P/E ratio of -10.16 and a beta of 1.52.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share 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) earnings per share. As a group, equities analysts predict that The Boeing Company will post -2.3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Susquehanna boosted their price objective on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Benchmark reiterated a “buy” rating and set a $250.00 price objective on shares of Boeing in a research note on Thursday, October 24th. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Morgan Stanley dropped their price target on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. upped their price target on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $195.16.

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.