Mainsail Financial Group LLC Has $386,000 Stake in The Boeing Company (NYSE:BA)

Mainsail Financial Group LLC reduced its holdings in The Boeing Company (NYSE:BA) by 56.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,180 shares of the aircraft producer’s stock after selling 2,865 shares during the quarter. Mainsail Financial Group LLC’s holdings in Boeing were worth $386,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in BA. AdvisorNet Financial Inc raised its position in shares of Boeing by 54.2% during the fourth quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer’s stock valued at $358,000 after buying an additional 710 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in Boeing by 8.8% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 473,917 shares of the aircraft producer’s stock valued at $72,075,000 after acquiring an additional 38,300 shares in the last quarter. Carnegie Investment Counsel lifted its position in shares of Boeing by 175.6% in the 4th quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer’s stock worth $818,000 after acquiring an additional 2,943 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Boeing by 6.1% during the 3rd quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock worth $101,296,000 after purchasing an additional 38,332 shares in the last quarter. Finally, Jennison Associates LLC increased its position in shares of Boeing by 9.9% during the third quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock valued at $1,018,775,000 after purchasing an additional 602,143 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Boeing Price Performance

Shares of Boeing stock opened at $181.51 on Friday. The firm has a 50 day simple moving average of $171.70 and a 200 day simple moving average of $164.27. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $213.10. The firm has a market cap of $112.21 billion, a P/E ratio of -9.91 and a beta of 1.52.

Boeing (NYSE:BA) last released its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the prior year, the business earned ($0.47) earnings per share. On average, sell-side analysts expect that The Boeing Company will post -2.12 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Citigroup reduced their target price on Boeing from $209.00 to $207.00 and set a “buy” rating for the company in a research report on Friday, January 24th. TD Cowen decreased their target price on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. JPMorgan Chase & Co. increased their price target on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $190.00 to $210.00 in a report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $195.00.

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.