Leonard Rickey Investment Advisors P.L.L.C. Sells 157 Shares of The Boeing Company (NYSE:BA)

Leonard Rickey Investment Advisors P.L.L.C. lowered its holdings in shares of The Boeing Company (NYSE:BA) by 6.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,236 shares of the aircraft producer’s stock after selling 157 shares during the period. Leonard Rickey Investment Advisors P.L.L.C.’s holdings in Boeing were worth $396,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. RPg Family Wealth Advisory LLC bought a new position in Boeing during the 3rd quarter worth approximately $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 raised its stake in Boeing by 741.0% during the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after buying an additional 289 shares during the last quarter. Truvestments Capital LLC acquired a new position in Boeing in the third quarter valued at $58,000. Finally, Fairscale Capital LLC acquired a new position in Boeing in the second quarter valued at $59,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Up 1.3 %

Shares of NYSE:BA opened at $171.14 on Tuesday. The business’s 50 day moving average is $163.15 and its 200 day moving average is $164.61. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $217.59. The stock has a market cap of $105.80 billion, a price-to-earnings ratio of -13.27 and a beta of 1.52.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. Boeing’s revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the company earned ($3.26) earnings per share. As a group, equities research analysts expect that The Boeing Company will post -16.43 earnings per share for the current year.

Analysts Set New Price Targets

BA has been the subject of several research analyst reports. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Wells Fargo & Company decreased their target price on Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research note on Monday, November 4th. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $190.00 to $210.00 in a research note on Monday, January 6th. TD Cowen reduced their price objective on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Finally, Citigroup lowered their price objective on shares of Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Boeing presently 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.