Pacifica Partners Inc. Sells 404 Shares of The Boeing Company (NYSE:BA)

Pacifica Partners Inc. reduced its holdings in shares of The Boeing Company (NYSE:BA) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,881 shares of the aircraft producer’s stock after selling 404 shares during the period. Pacifica Partners Inc.’s holdings in Boeing were worth $1,527,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new stake in Boeing in the third quarter worth $28,000. Kiely Wealth Advisory Group Inc. bought a new position in Boeing in the second quarter worth approximately $33,000. Cedar Wealth Management LLC bought a new stake in shares of Boeing during the third quarter valued at approximately $30,000. Fairscale Capital LLC acquired a new position in shares of Boeing during the second quarter worth approximately $59,000. Finally, Planning Capital Management Corp grew its position in Boeing by 741.0% in the 3rd 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 period. 64.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on BA shares. Wells Fargo & Company dropped their price objective on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a research note on Monday, November 4th. Robert W. Baird decreased their price objective on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Susquehanna cut their target price on Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research report on Thursday, October 24th. JPMorgan Chase & Co. lowered their price target on Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a research report on Monday, November 25th. Finally, Benchmark reaffirmed a “buy” rating and set a $250.00 price objective on shares of Boeing in a report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $192.21.

Boeing Stock Down 2.0 %

NYSE BA opened at $167.17 on Wednesday. The firm has a market cap of $103.34 billion, a P/E ratio of -12.96 and a beta of 1.52. The company’s 50 day moving average is $162.02 and its 200-day moving average is $164.97. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $217.59.

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