The Boeing Company (NYSE:BA) Stake Reduced by Advance Capital Management Inc.

Advance Capital Management Inc. decreased its holdings in shares of The Boeing Company (NYSE:BA) by 10.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,351 shares of the aircraft producer’s stock after selling 166 shares during the period. Advance Capital Management Inc.’s holdings in Boeing were worth $239,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new stake in Boeing during the 3rd quarter worth about $28,000. Cedar Wealth Management LLC acquired a new stake in shares of Boeing during the third quarter valued at approximately $30,000. Kiely Wealth Advisory Group Inc. purchased a new stake in shares of Boeing in the 2nd quarter valued at approximately $33,000. Strategic Financial Concepts LLC acquired a new position in Boeing in the 2nd quarter worth approximately $41,000. Finally, Planning Capital Management Corp grew its position in Boeing by 741.0% during the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after purchasing an additional 289 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Up 0.6 %

NYSE BA traded up $0.97 during midday trading on Monday, hitting $170.87. The company had a trading volume of 10,992,190 shares, compared to its average volume of 10,215,692. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $233.85. The stock has a market cap of $105.63 billion, a price-to-earnings ratio of -13.25 and a beta of 1.52. The firm has a fifty day simple moving average of $159.43 and a two-hundred day simple moving average of $165.34.

Boeing (NYSE:BA) last announced 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 firm had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($3.26) earnings per share. As a group, equities analysts predict that The Boeing Company will post -16.18 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Jefferies Financial Group lowered their price target on Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. Citigroup dropped their target price on Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. lowered their price target on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating on the stock in a report on Monday, November 25th. Finally, The Goldman Sachs Group cut their price objective on Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $192.21.

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.