Harbor Investment Advisory LLC Has $377,000 Stock Position in The Boeing Company (NYSE:BA)

Harbor Investment Advisory LLC lessened its holdings in shares of The Boeing Company (NYSE:BA) by 24.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,132 shares of the aircraft producer’s stock after selling 683 shares during the quarter. Harbor Investment Advisory LLC’s holdings in Boeing were worth $377,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. raised its stake in Boeing by 20.8% in the 2nd quarter. American Century Companies Inc. now owns 44,992 shares of the aircraft producer’s stock valued at $8,189,000 after acquiring an additional 7,739 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Boeing by 5.3% in the second quarter. Pacer Advisors Inc. now owns 41,287 shares of the aircraft producer’s stock valued at $7,515,000 after purchasing an additional 2,066 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Boeing by 28.2% in the second quarter. Thrivent Financial for Lutherans now owns 32,646 shares of the aircraft producer’s stock valued at $5,942,000 after purchasing an additional 7,182 shares during the period. Frank Rimerman Advisors LLC lifted its stake in shares of Boeing by 1,401.6% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 2,778 shares of the aircraft producer’s stock worth $506,000 after buying an additional 2,593 shares during the last quarter. Finally, Public Sector Pension Investment Board boosted its holdings in shares of Boeing by 72.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 21,790 shares of the aircraft producer’s stock worth $3,966,000 after buying an additional 9,171 shares during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 2.7 %

Shares of BA stock opened at $175.63 on Wednesday. The business has a fifty day simple moving average of $163.59 and a 200 day simple moving average of $164.52. The company has a market cap of $108.58 billion, a P/E ratio of -13.61 and a beta of 1.52. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $217.59.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($3.26) EPS. As a group, equities research analysts anticipate that The Boeing Company will post -16.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

BA has been the subject of several research reports. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research report on Wednesday, October 30th. Susquehanna dropped their price target on Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft upped their price objective on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Morgan Stanley dropped their target price on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. Finally, Benchmark restated a “buy” rating and issued a $250.00 price target on shares of Boeing in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.21.

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.