Invesco LLC Sells 158 Shares of The Boeing Company (NYSE:BA)

Invesco LLC decreased its position in shares of The Boeing Company (NYSE:BA) by 5.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,613 shares of the aircraft producer’s stock after selling 158 shares during the period. Invesco LLC’s holdings in Boeing were worth $463,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in BA. Sugar Maple Asset Management LLC bought a new position in Boeing in the 4th quarter valued at $27,000. RPg Family Wealth Advisory LLC bought a new position in shares of Boeing in the third quarter worth about $28,000. Cedar Wealth Management LLC purchased a new position in Boeing in the 3rd quarter worth about $30,000. Planning Capital Management Corp lifted its holdings in Boeing by 741.0% during the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after buying an additional 289 shares in the last quarter. Finally, Albion Financial Group UT boosted its position in Boeing by 116.1% in the 4th quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer’s stock valued at $52,000 after buying an additional 159 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BA. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. UBS Group upped their target price on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of Boeing in a research note on Wednesday, October 30th. DZ Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a research note on Tuesday, October 15th. Finally, Morgan Stanley cut 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. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Boeing currently has an average rating of “Moderate Buy” and an average price target of $194.21.

Boeing Stock Down 1.6 %

Shares of BA traded down $2.89 during trading hours on Wednesday, reaching $174.89. 1,397,414 shares of the company traded hands, compared to its average volume of 8,381,928. The business has a fifty day moving average price of $167.68 and a 200-day moving average price of $164.19. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $214.63. The stock has a market capitalization of $108.11 billion, a P/E ratio of -13.60 and a beta of 1.52.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the previous year, the firm posted ($0.47) earnings per share. As a group, research analysts predict that The Boeing Company will post -16.39 EPS for the current fiscal 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.