Eagle Bay Advisors LLC Sells 109 Shares of The Boeing Company (NYSE:BA)

Eagle Bay Advisors LLC lessened its holdings in The Boeing Company (NYSE:BA) by 32.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 232 shares of the aircraft producer’s stock after selling 109 shares during the period. Eagle Bay Advisors LLC’s holdings in Boeing were worth $41,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BA. RPg Family Wealth Advisory LLC purchased a new stake in Boeing during the third quarter worth $28,000. Kiely Wealth Advisory Group Inc. bought a new position in shares of Boeing in the 2nd quarter worth $33,000. Cedar Wealth Management LLC purchased a new stake in shares of Boeing during the 3rd quarter worth $30,000. Fairscale Capital LLC bought a new stake in Boeing during the second quarter valued at about $59,000. Finally, Planning Capital Management Corp grew its stake in Boeing by 741.0% in the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after purchasing an additional 289 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Robert W. Baird decreased their target price on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. TD Cowen cut their price target on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Susquehanna decreased their price objective on Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $192.21.

Boeing Trading Down 0.8 %

Shares of NYSE BA opened at $170.56 on Tuesday. The stock has a market cap of $105.44 billion, a price-to-earnings ratio of -13.22 and a beta of 1.52. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $217.59. The company has a 50 day simple moving average of $161.70 and a two-hundred day simple moving average of $165.07.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. Boeing’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company earned ($3.26) EPS. Analysts forecast that The Boeing Company will post -16.18 EPS for the current 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.