Ingalls & Snyder LLC Has $588,000 Stock Holdings in The Boeing Company (NYSE:BA)

Ingalls & Snyder LLC cut its stake in The Boeing Company (NYSE:BA) by 2.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,324 shares of the aircraft producer’s stock after selling 68 shares during the period. Ingalls & Snyder LLC’s holdings in Boeing were worth $588,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BA. Sugar Maple Asset Management LLC acquired a new position in Boeing in the 4th quarter valued at $27,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Boeing during the 3rd quarter worth $28,000. Fiduciary Advisors Inc. acquired a new position in shares of Boeing during the 4th quarter worth $28,000. Cedar Wealth Management LLC acquired a new position in shares of Boeing during the 3rd quarter worth $30,000. Finally, Heck Capital Advisors LLC acquired a new position in shares of Boeing during the 4th quarter worth $33,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BA shares. Benchmark reissued a “buy” rating and set a $250.00 price target on shares of Boeing in a report on Thursday, October 24th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price target on shares of Boeing in a report on Wednesday, January 29th. Susquehanna boosted their price target on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Finally, Wells Fargo & Company boosted their price target on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

Boeing Trading Down 0.3 %

NYSE BA opened at $185.75 on Friday. The business’s 50-day moving average price is $173.77 and its two-hundred day moving average price is $164.10. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $208.10. The firm has a market capitalization of $139.33 billion, a PE ratio of -10.14 and a beta of 1.52.

Boeing (NYSE:BA) last released 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 company posted ($0.47) earnings per share. As a group, analysts forecast that The Boeing Company will post -2.3 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.