Eclectic Associates Inc. ADV Lowers Stock Holdings in The Boeing Company (NYSE:BA)

Eclectic Associates Inc. ADV cut its position in The Boeing Company (NYSE:BA) by 6.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,857 shares of the aircraft producer’s stock after selling 323 shares during the period. Eclectic Associates Inc. ADV’s holdings in Boeing were worth $860,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Goelzer Investment Management Inc. lifted its holdings in Boeing by 3.6% during the 4th quarter. Goelzer Investment Management Inc. now owns 3,213 shares of the aircraft producer’s stock worth $569,000 after buying an additional 113 shares in the last quarter. Midwest Financial Group LLC increased its position in shares of Boeing by 2.6% during the fourth quarter. Midwest Financial Group LLC now owns 8,775 shares of the aircraft producer’s stock worth $1,553,000 after acquiring an additional 222 shares during the period. CX Institutional raised its stake in shares of Boeing by 23.7% in the fourth quarter. CX Institutional now owns 5,679 shares of the aircraft producer’s stock valued at $1,005,000 after acquiring an additional 1,089 shares in the last quarter. Impact Partnership Wealth LLC purchased a new position in Boeing in the fourth quarter valued at $205,000. Finally, RFG Advisory LLC grew its stake in Boeing by 8.4% during the 4th quarter. RFG Advisory LLC now owns 2,712 shares of the aircraft producer’s stock worth $480,000 after purchasing an additional 210 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on BA. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Wells Fargo & Company reduced their target price on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Monday, November 4th. Benchmark reiterated a “buy” rating and set a $250.00 price target on shares of Boeing in a report on Thursday, October 24th. Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. Finally, DZ Bank cut shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a research report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $192.11.

Boeing Stock Performance

NYSE BA opened at $175.95 on Friday. The Boeing Company has a one year low of $137.03 and a one year high of $214.63. The firm has a market cap of $108.77 billion, a PE ratio of -13.64 and a beta of 1.52. The firm’s fifty day moving average is $165.70 and its two-hundred day moving average is $164.62.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter in the previous year, the business earned ($3.26) EPS. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. Research analysts predict that The Boeing Company will post -16.39 earnings per share for the current 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.