626 Financial LLC Has $235,000 Stake in The Boeing Company (NYSE:BA)

626 Financial LLC reduced its position in shares of The Boeing Company (NYSE:BA) by 31.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,330 shares of the aircraft producer’s stock after selling 606 shares during the quarter. 626 Financial LLC’s holdings in Boeing were worth $235,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BA. Breakwater Capital Group increased its position in Boeing by 17.4% during the fourth quarter. Breakwater Capital Group now owns 2,949 shares of the aircraft producer’s stock worth $522,000 after acquiring an additional 437 shares during the period. Wallace Advisory Group LLC raised its holdings in Boeing by 105.3% in the 4th quarter. Wallace Advisory Group LLC now owns 2,673 shares of the aircraft producer’s stock valued at $473,000 after buying an additional 1,371 shares during the last quarter. GSG Advisors LLC raised its holdings in Boeing by 4.7% in the 4th quarter. GSG Advisors LLC now owns 1,490 shares of the aircraft producer’s stock valued at $264,000 after buying an additional 67 shares during the last quarter. Grandview Asset Management LLC raised its holdings in Boeing by 13.3% during the 4th quarter. Grandview Asset Management LLC now owns 2,776 shares of the aircraft producer’s stock worth $491,000 after purchasing an additional 326 shares during the last quarter. Finally, Dale Q Rice Investment Management Ltd bought a new position in Boeing during the 4th quarter worth approximately $745,000. 64.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BA has been the subject of several research analyst reports. UBS Group lowered their price objective on shares of Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Jefferies Financial Group cut their price target on shares of Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Morgan Stanley lowered their price objective on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. Finally, Citigroup decreased their price target on Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. 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. Based on data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and a consensus price target of $192.21.

Boeing Price Performance

Shares of Boeing stock opened at $167.17 on Wednesday. The business has a 50 day simple moving average of $162.02 and a two-hundred day simple moving average of $164.97. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $217.59. The stock has a market capitalization of $103.34 billion, a P/E ratio of -12.96 and a beta of 1.52.

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

Boeing 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.