Byrne Asset Management LLC Sells 257 Shares of The Boeing Company (NYSE:BA)

Byrne Asset Management LLC decreased its position in The Boeing Company (NYSE:BA) by 6.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,747 shares of the aircraft producer’s stock after selling 257 shares during the quarter. Byrne Asset Management LLC’s holdings in Boeing were worth $663,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. CWM LLC boosted its position in Boeing by 9.3% during the third quarter. CWM LLC now owns 26,552 shares of the aircraft producer’s stock valued at $4,037,000 after buying an additional 2,249 shares during the period. Quotient Wealth Partners LLC grew its position in Boeing by 23.6% during the 3rd quarter. Quotient Wealth Partners LLC now owns 1,530 shares of the aircraft producer’s stock worth $233,000 after acquiring an additional 292 shares during the last quarter. Watts Gwilliam & Co. LLC purchased a new position in Boeing in the 3rd quarter worth approximately $365,000. Scott Capital Advisors LLC boosted its stake in shares of Boeing by 16.5% during the third quarter. Scott Capital Advisors LLC now owns 1,557 shares of the aircraft producer’s stock valued at $237,000 after purchasing an additional 221 shares during the period. Finally, JGP Wealth Management LLC grew its holdings in shares of Boeing by 18.7% in the third quarter. JGP Wealth Management LLC now owns 1,398 shares of the aircraft producer’s stock worth $213,000 after purchasing an additional 220 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

BA opened at $181.51 on Friday. The company’s 50-day simple moving average is $171.70 and its two-hundred day simple moving average is $164.27. The stock has a market capitalization of $112.21 billion, a P/E ratio of -9.91 and a beta of 1.52. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $213.10.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the prior year, the company posted ($0.47) EPS. Research analysts forecast that The Boeing Company will post -2.12 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have weighed in on BA shares. TD Cowen dropped their price target 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. UBS Group boosted their price target on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Robert W. Baird dropped their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Finally, Wells Fargo & Company boosted their price objective on shares of Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research report on Wednesday, January 29th. 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’s stock. According to MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and a consensus target price of $195.00.

Boeing 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.