White Pine Capital LLC Sells 768 Shares of The Boeing Company (NYSE:BA)

White Pine Capital LLC lowered its holdings in shares of The Boeing Company (NYSE:BA) by 9.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,342 shares of the aircraft producer’s stock after selling 768 shares during the quarter. White Pine Capital LLC’s holdings in Boeing were worth $1,914,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of BA. Trust Co. of Vermont boosted its stake in Boeing by 1.0% during the 3rd quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock worth $841,000 after purchasing an additional 45 shares during the last quarter. Benchmark Financial Wealth Advisors LLC boosted its position in shares of Boeing by 2.7% during the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock valued at $465,000 after acquiring an additional 47 shares during the last quarter. WealthPlan Investment Management LLC boosted its position in shares of Boeing by 1.0% during the 4th quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock valued at $1,229,000 after acquiring an additional 49 shares during the last quarter. RB Capital Management LLC boosted its position in shares of Boeing by 2.7% during the 3rd quarter. RB Capital Management LLC now owns 1,893 shares of the aircraft producer’s stock valued at $363,000 after acquiring an additional 50 shares during the last quarter. Finally, M&R Capital Management Inc. boosted its position in shares of Boeing by 35.0% during the 4th quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock valued at $50,000 after acquiring an additional 50 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 0.2 %

NYSE BA traded up $0.41 during trading hours on Friday, hitting $167.22. 7,208,103 shares of the stock were exchanged, compared to its average volume of 7,379,195. The company has a market cap of $102.65 billion, a price-to-earnings ratio of -47.12, a price-to-earnings-growth ratio of 140.08 and a beta of 1.52. The Boeing Company has a 12-month low of $159.70 and a 12-month high of $267.54. The stock has a 50-day moving average of $186.53 and a 200 day moving average of $206.46.

Boeing (NYSE:BA) last issued 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 company had revenue of $22.02 billion during the quarter, compared to analysts’ expectations of $21.14 billion. During the same period last year, the business posted ($1.75) earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis. On average, equities research analysts expect that The Boeing Company will post 0.3 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on BA shares. UBS Group cut their target price on Boeing from $275.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, March 21st. Melius Research reissued a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Bank of America cut their target price on Boeing from $210.00 to $190.00 and set a “neutral” rating on the stock in a research report on Thursday, April 11th. Stifel Nicolaus cut their target price on Boeing from $270.00 to $260.00 and set a “buy” rating on the stock in a research report on Wednesday, April 10th. Finally, Royal Bank of Canada cut their target price on Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $222.41.

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.