Oakworth Capital Inc. Decreases Position in The Boeing Company (NYSE:BA)

Oakworth Capital Inc. cut its position in The Boeing Company (NYSE:BA) by 7.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,933 shares of the aircraft producer’s stock after selling 155 shares during the period. Oakworth Capital Inc.’s holdings in Boeing were worth $342,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Sterneck Capital Management LLC raised its holdings in 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 during the last quarter. Peoples Financial Services CORP. raised its holdings in Boeing by 0.8% in the third quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer’s stock worth $1,352,000 after buying an additional 67 shares during the last quarter. GSG Advisors LLC raised its holdings in Boeing by 4.7% in the fourth quarter. GSG Advisors LLC now owns 1,490 shares of the aircraft producer’s stock worth $264,000 after buying an additional 67 shares during the last quarter. Bay Rivers Group raised its holdings in Boeing by 1.0% in the fourth quarter. Bay Rivers Group now owns 7,416 shares of the aircraft producer’s stock worth $1,313,000 after buying an additional 70 shares during the last quarter. Finally, Altus Wealth Group LLC raised its holdings in Boeing by 5.7% in the third quarter. Altus Wealth Group LLC now owns 1,325 shares of the aircraft producer’s stock worth $201,000 after buying an additional 71 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Price Performance

BA stock opened at $181.80 on Thursday. The Boeing Company has a one year low of $137.03 and a one year high of $213.77. The company’s fifty day moving average price is $171.05 and its 200-day moving average price is $164.12.

Boeing (NYSE:BA) last released its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the previous year, the firm earned ($0.47) EPS. As a group, analysts anticipate that The Boeing Company will post -2.12 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on BA. UBS Group boosted their price objective on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Citigroup decreased their price objective on shares of Boeing from $209.00 to $207.00 and set a “buy” rating for the company in a report on Friday, January 24th. Susquehanna boosted their price objective on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Finally, Morgan Stanley decreased their price objective on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $195.00.

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.