Harbor Investment Advisory LLC Has $377,000 Stake in The Boeing Company (NYSE:BA)

Harbor Investment Advisory LLC reduced its holdings in The Boeing Company (NYSE:BA) by 24.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,132 shares of the aircraft producer’s stock after selling 683 shares during the period. Harbor Investment Advisory LLC’s holdings in Boeing were worth $377,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BA. RPg Family Wealth Advisory LLC acquired a new position in shares of Boeing in the 3rd quarter valued at $28,000. Cedar Wealth Management LLC acquired a new stake in shares of Boeing during the third quarter worth $30,000. Planning Capital Management Corp increased its holdings in Boeing by 741.0% in the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after purchasing an additional 289 shares during the last quarter. Truvestments Capital LLC acquired a new position in Boeing in the third quarter valued at about $58,000. Finally, Godsey & Gibb Inc. boosted its holdings in Boeing by 107.7% during the fourth quarter. Godsey & Gibb Inc. now owns 351 shares of the aircraft producer’s stock worth $62,000 after buying an additional 182 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Price Performance

Shares of NYSE BA opened at $175.63 on Wednesday. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $217.59. The stock has a market capitalization of $108.58 billion, a price-to-earnings ratio of -13.61 and a beta of 1.52. The business has a 50-day moving average of $163.59 and a 200-day moving average of $164.52.

Boeing (NYSE:BA) last posted its quarterly earnings results 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 business had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. The firm’s revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the business earned ($3.26) earnings per share. On average, sell-side analysts expect that The Boeing Company will post -16.43 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BA. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $190.00 to $210.00 in a research note on Monday, January 6th. The Goldman Sachs Group cut their target price on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Benchmark restated a “buy” rating and issued a $250.00 price objective on shares of Boeing in a research report on Thursday, October 24th. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Finally, UBS Group lowered their price target on Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $192.21.

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.