Lakeside Advisors INC. Decreases Stock Holdings in The Boeing Company (NYSE:BA)

Lakeside Advisors INC. lowered its position in shares of The Boeing Company (NYSE:BA) by 2.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,380 shares of the aircraft producer’s stock after selling 100 shares during the period. Lakeside Advisors INC.’s holdings in Boeing were worth $598,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Sierra Ocean LLC bought a new stake in shares of Boeing in the fourth quarter worth about $26,000. Sugar Maple Asset Management LLC purchased a new stake in Boeing in the 4th quarter worth approximately $27,000. RPg Family Wealth Advisory LLC purchased a new stake in Boeing in the 3rd quarter worth approximately $28,000. Fiduciary Advisors Inc. bought a new stake in shares of Boeing in the 4th quarter worth approximately $28,000. Finally, HighMark Wealth Management LLC increased its stake in shares of Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after buying an additional 90 shares during the period. Institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. UBS Group raised their price target on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Benchmark reaffirmed a “buy” rating and issued a $250.00 target price on shares of Boeing in a research report on Thursday, October 24th. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $195.16.

Boeing Stock Performance

Shares of BA stock opened at $180.77 on Friday. The company has a market capitalization of $135.59 billion, a price-to-earnings ratio of -9.87 and a beta of 1.52. The Boeing Company has a one year low of $137.03 and a one year high of $208.10. The company’s 50-day moving average is $176.58 and its 200 day moving average is $164.32.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the previous year, the firm posted ($0.47) EPS. As a group, research analysts predict that The Boeing Company will post -2.32 earnings per share for the current fiscal 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.