Sharp Financial Services LLC Decreases Stake in The Boeing Company (NYSE:BA)

Sharp Financial Services LLC lowered its position in shares of The Boeing Company (NYSE:BA) by 4.5% in the fourth quarter, Holdings Channel reports. The firm owned 1,785 shares of the aircraft producer’s stock after selling 85 shares during the period. Sharp Financial Services LLC’s holdings in Boeing were worth $316,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Sugar Maple Asset Management LLC purchased a new position in Boeing in the 4th quarter worth approximately $27,000. RPg Family Wealth Advisory LLC purchased a new position in Boeing in the 3rd quarter worth approximately $28,000. Cedar Wealth Management LLC purchased a new position in Boeing in the 3rd quarter worth approximately $30,000. Planning Capital Management Corp boosted its holdings in Boeing by 741.0% in the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after acquiring an additional 289 shares during the period. Finally, Albion Financial Group UT boosted its holdings in Boeing by 116.1% in the 4th quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer’s stock worth $52,000 after acquiring an additional 159 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

BA has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft upped their price target on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. UBS Group cut their target price on Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $190.00 to $210.00 in a research report on Monday, January 6th. DZ Bank lowered Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a research report on Tuesday, October 15th. Finally, TD Cowen cut their target price on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $192.21.

Boeing Price Performance

Shares of NYSE BA opened at $174.87 on Thursday. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $217.59. The business’s fifty day moving average price is $164.20 and its two-hundred day moving average price is $164.46. The firm has a market capitalization of $108.11 billion, a PE ratio of -13.56 and a beta of 1.52.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same period last year, the firm posted ($3.26) earnings per share. The business’s quarterly revenue was down 1.5% on a year-over-year basis. Equities research analysts expect that The Boeing Company will post -16.46 earnings per share for the current fiscal year.

Boeing 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.