Pacific Sage Partners LLC Has $1.56 Million Position in The Boeing Company (NYSE:BA)

Pacific Sage Partners LLC grew its holdings in The Boeing Company (NYSE:BA) by 6.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 8,835 shares of the aircraft producer’s stock after buying an additional 533 shares during the quarter. Pacific Sage Partners LLC’s holdings in Boeing were worth $1,564,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Sugar Maple Asset Management LLC acquired a new position in Boeing in the fourth quarter worth about $27,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Boeing in the 3rd quarter valued at approximately $28,000. Fiduciary Advisors Inc. acquired a new stake in Boeing in the 4th quarter valued at $28,000. Cedar Wealth Management LLC bought a new stake in Boeing in the third quarter valued at $30,000. Finally, Heck Capital Advisors LLC acquired a new position in Boeing during the fourth quarter worth $33,000. 64.82% of the stock is owned by institutional investors.

Boeing Stock Down 1.8 %

BA stock opened at $176.26 on Friday. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $214.63. The business’s fifty day moving average is $169.50 and its 200-day moving average is $164.20. The company has a market cap of $108.96 billion, a P/E ratio of -9.62 and a beta of 1.52.

Boeing (NYSE:BA) last posted its earnings results 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 prior year, the business posted ($0.47) earnings per share. Research analysts anticipate that The Boeing Company will post -1.61 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BA has been the topic of a number of recent analyst reports. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Sanford C. Bernstein lowered Boeing from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. TD Cowen dropped their price target on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Susquehanna boosted their price objective on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday. Finally, Citigroup lowered their target price on Boeing from $209.00 to $207.00 and set a “buy” rating for the company in a research note on Friday, January 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 given a strong buy rating to the company. According to data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.00.

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.