Chicago Partners Investment Group LLC Sells 273 Shares of The Boeing Company (NYSE:BA)

Chicago Partners Investment Group LLC lowered its position in shares of The Boeing Company (NYSE:BA) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,711 shares of the aircraft producer’s stock after selling 273 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Boeing were worth $2,011,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in BA. Sugar Maple Asset Management LLC acquired a new position in Boeing during the fourth quarter valued at approximately $27,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Boeing in the 3rd quarter valued at approximately $28,000. Fiduciary Advisors Inc. bought a new position in shares of Boeing in the fourth quarter valued at $28,000. Cedar Wealth Management LLC acquired a new position in Boeing during the third quarter worth $30,000. Finally, Heck Capital Advisors LLC bought a new stake in Boeing during the fourth quarter worth $33,000. 64.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BA. Benchmark restated a “buy” rating and set a $250.00 price objective on shares of Boeing in a research note on Thursday, October 24th. Wells Fargo & Company boosted their price target on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research report on Wednesday. Susquehanna raised their price objective on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Finally, TD Cowen cut their price target on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.00.

Boeing Trading Down 1.8 %

Shares of BA opened at $176.26 on Friday. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $214.63. The firm’s 50 day moving average is $169.50 and its 200-day moving average is $164.35. The stock has a market capitalization of $108.96 billion, a PE ratio of -9.62 and a beta of 1.52.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the previous year, the company posted ($0.47) earnings per share. Equities research analysts predict that The Boeing Company will post -1.61 earnings per share for the current fiscal year.

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.