Obermeyer Wood Investment Counsel Lllp Cuts Position in The Boeing Company (NYSE:BA)

Obermeyer Wood Investment Counsel Lllp lowered its stake in shares of The Boeing Company (NYSE:BA) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,459 shares of the aircraft producer’s stock after selling 75 shares during the quarter. Obermeyer Wood Investment Counsel Lllp’s holdings in Boeing were worth $902,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Moneta Group Investment Advisors LLC increased its holdings in Boeing by 109,667.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 16,055,730 shares of the aircraft producer’s stock valued at $3,058,456,000 after buying an additional 16,041,103 shares during the last quarter. Barclays PLC increased its holdings in Boeing by 599.0% in the second quarter. Barclays PLC now owns 1,522,410 shares of the aircraft producer’s stock valued at $321,475,000 after buying an additional 1,827,485 shares in the last quarter. Lazard Asset Management LLC increased its holdings in Boeing by 8,961.2% in the third quarter. Lazard Asset Management LLC now owns 1,161,461 shares of the aircraft producer’s stock valued at $222,628,000 after buying an additional 1,148,643 shares in the last quarter. Morgan Stanley increased its holdings in Boeing by 11.7% in the fourth quarter. Morgan Stanley now owns 8,321,871 shares of the aircraft producer’s stock valued at $1,585,234,000 after buying an additional 872,795 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in Boeing by 30.1% in the third quarter. Invesco Ltd. now owns 3,279,421 shares of the aircraft producer’s stock valued at $628,599,000 after buying an additional 759,267 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 0.0 %

Shares of BA traded up $0.03 during mid-day trading on Thursday, hitting $170.24. 5,120,141 shares of the company’s stock were exchanged, compared to its average volume of 9,769,929. The Boeing Company has a twelve month low of $167.53 and a twelve month high of $267.54. The firm has a fifty day moving average of $191.86 and a two-hundred day moving average of $207.54. The stock has a market cap of $103.87 billion, a price-to-earnings ratio of -46.32, a P/E/G ratio of 116.39 and a beta of 1.52.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The firm had revenue of $22.02 billion during the quarter, compared to analyst estimates of $21.14 billion. During the same quarter in the previous year, the business posted ($1.75) earnings per share. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, equities analysts predict that The Boeing Company will post 0.37 earnings per share for the current year.

Wall Street Analyst Weigh In

BA has been the subject of a number of recent research reports. Northcoast Research cut shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price objective for the company. in a research note on Wednesday. UBS Group dropped their price objective on shares of Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday, March 21st. Morgan Stanley decreased their target price on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 10th. Sanford C. Bernstein decreased their target price on shares of Boeing from $272.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, April 8th. Finally, Susquehanna dropped their price target on shares of Boeing from $265.00 to $230.00 and set a “positive” rating on the stock in a research note on Thursday, March 21st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and an average target price of $229.35.

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.