The Boeing Company (NYSE:BA) Shares Sold by MKT Advisors LLC

MKT Advisors LLC decreased its position in The Boeing Company (NYSE:BA) by 4.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,705 shares of the aircraft producer’s stock after selling 170 shares during the period. MKT Advisors LLC’s holdings in Boeing were worth $634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of BA. Sugar Maple Asset Management LLC purchased a new stake in Boeing in the fourth quarter valued at $27,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Boeing in the 3rd quarter valued at about $28,000. Cedar Wealth Management LLC purchased a new stake in shares of Boeing in the third quarter worth about $30,000. Planning Capital Management Corp grew its holdings 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 acquiring an additional 289 shares during the period. Finally, Albion Financial Group UT raised its position in Boeing by 116.1% during the fourth quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer’s stock valued at $52,000 after acquiring an additional 159 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on BA. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Citigroup lowered their price target on shares of Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a report on Friday. Wells Fargo & Company cut their price objective on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a report on Monday, November 4th. Robert W. Baird lowered their target price on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Finally, DZ Bank lowered Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target for the company. in a research note on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.11.

Boeing Stock Performance

BA opened at $175.95 on Friday. The firm’s 50-day moving average price is $166.42 and its 200 day moving average price is $164.56. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $214.63.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the prior year, the business earned ($3.26) earnings per share. The business’s revenue was down 1.5% compared to the same quarter last year. As a group, sell-side analysts predict that The Boeing Company will post -16.39 earnings per share for the current year.

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.