SFE Investment Counsel Sells 2,295 Shares of The Boeing Company (NYSE:BA)

SFE Investment Counsel cut its stake in The Boeing Company (NYSE:BA) by 46.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,687 shares of the aircraft producer’s stock after selling 2,295 shares during the quarter. SFE Investment Counsel’s holdings in Boeing were worth $476,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also bought and sold shares of BA. Chaney Capital Management Inc. increased its position in shares of Boeing by 2.1% during the 4th quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer’s stock valued at $508,000 after purchasing an additional 58 shares during the last quarter. Farmers & Merchants Investments Inc. raised its stake in shares of Boeing by 0.6% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer’s stock valued at $1,878,000 after purchasing an additional 59 shares during the period. Sterneck Capital Management LLC lifted its holdings in shares of Boeing by 2.3% in the fourth quarter. Sterneck Capital Management LLC now owns 2,992 shares of the aircraft producer’s stock worth $530,000 after buying an additional 66 shares in the last quarter. Peoples Financial Services CORP. lifted its stake in Boeing by 0.8% in the 3rd quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer’s stock worth $1,352,000 after purchasing an additional 67 shares in the last quarter. Finally, GSG Advisors LLC boosted its stake in Boeing by 4.7% during the fourth quarter. GSG Advisors LLC now owns 1,490 shares of the aircraft producer’s stock valued at $264,000 after buying an additional 67 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Boeing Trading Up 3.1 %

BA opened at $186.04 on Thursday. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $208.10. The company has a market cap of $139.54 billion, a price-to-earnings ratio of -10.16 and a beta of 1.52. The stock has a fifty day simple moving average of $173.77 and a two-hundred day simple moving average of $164.10.

Boeing (NYSE:BA) last issued its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the prior year, the firm earned ($0.47) EPS. On average, analysts predict that The Boeing Company will post -2.3 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on BA. Benchmark reiterated a “buy” rating and issued a $250.00 target price on shares of Boeing in a research report on Thursday, October 24th. Robert W. Baird cut their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Morgan Stanley decreased their target price on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and cut their price target for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Finally, 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. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $195.16.

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.