Montag A & Associates Inc. Sells 8,937 Shares of The Boeing Company (NYSE:BA)

Montag A & Associates Inc. lowered its stake in The Boeing Company (NYSE:BA) by 42.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 12,010 shares of the aircraft producer’s stock after selling 8,937 shares during the quarter. Montag A & Associates Inc.’s holdings in Boeing were worth $2,126,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Sugar Maple Asset Management LLC purchased a new stake in Boeing in the 4th quarter worth $27,000. Fiduciary Advisors Inc. purchased a new stake in shares of Boeing during the fourth quarter worth about $28,000. RPg Family Wealth Advisory LLC bought a new stake in Boeing during the 3rd quarter valued at approximately $28,000. Heck Capital Advisors LLC purchased a new position in Boeing in the 4th quarter worth approximately $33,000. Finally, Keystone Financial Group Inc. bought a new position in Boeing in the 4th quarter worth approximately $34,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Trading Down 0.5 %

Shares of BA stock opened at $184.52 on Monday. The stock has a market capitalization of $138.40 billion, a price-to-earnings ratio of -10.07 and a beta of 1.52. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $208.10. The stock has a fifty day simple moving average of $174.96 and a two-hundred day simple moving average of $164.09.

Boeing (NYSE:BA) last posted its quarterly 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 quarter last year, the company posted ($0.47) EPS. Research analysts predict that The Boeing Company will post -2.3 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on BA shares. Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. UBS Group boosted their price target on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Finally, Susquehanna raised their price target on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.16.

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.