The Boeing Company (NYSE:BA) Shares Sold by Columbia Advisory Partners LLC

Columbia Advisory Partners LLC cut its position in The Boeing Company (NYSE:BA) by 42.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,506 shares of the aircraft producer’s stock after selling 1,096 shares during the quarter. Columbia Advisory Partners LLC’s holdings in Boeing were worth $267,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Boeing in the third quarter worth $28,000. Kiely Wealth Advisory Group Inc. bought a new stake in shares of Boeing in the 2nd quarter worth about $33,000. Cedar Wealth Management LLC acquired a new stake in shares of Boeing in the 3rd quarter valued at about $30,000. Fairscale Capital LLC bought a new position in shares of Boeing during the second quarter worth about $59,000. Finally, Planning Capital Management Corp grew its stake in Boeing by 741.0% in the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after purchasing an additional 289 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Down 0.8 %

Shares of Boeing stock opened at $170.56 on Tuesday. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $217.59. The firm has a market cap of $105.44 billion, a price-to-earnings ratio of -13.22 and a beta of 1.52. The business has a fifty day simple moving average of $161.70 and a 200-day simple moving average of $165.07.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. The business’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business earned ($3.26) EPS. Analysts anticipate that The Boeing Company will post -16.18 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. UBS Group decreased their target price on Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Susquehanna reduced their price target on shares of Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research report on Thursday, October 24th. Morgan Stanley decreased their target price on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Finally, The Goldman Sachs Group reduced their price objective on Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Two investment analysts have rated the stock with a sell rating, eight have issued 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 stock presently has a consensus rating of “Moderate Buy” and an average price target of $192.21.

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.