Aspire Capital Advisors LLC Cuts Stake in The Boeing Company (NYSE:BA)

Aspire Capital Advisors LLC trimmed its position in The Boeing Company (NYSE:BA) by 1.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,961 shares of the aircraft producer’s stock after selling 70 shares during the period. Aspire Capital Advisors LLC’s holdings in Boeing were worth $1,055,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. AdvisorNet Financial Inc grew its holdings in shares of Boeing by 54.2% during the 4th quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer’s stock worth $358,000 after purchasing an additional 710 shares during the period. Carnegie Investment Counsel grew its stake in shares of Boeing by 175.6% in the fourth quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer’s stock valued at $818,000 after buying an additional 2,943 shares in the last quarter. Rockefeller Capital Management L.P. boosted its stake in shares of Boeing by 8.8% in the third quarter. Rockefeller Capital Management L.P. now owns 473,917 shares of the aircraft producer’s stock valued at $72,075,000 after purchasing an additional 38,300 shares during the period. Principal Financial Group Inc. increased its stake in shares of Boeing by 6.1% during the third quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock worth $101,296,000 after buying an additional 38,332 shares during the period. Finally, Jennison Associates LLC grew its stake in shares of Boeing by 9.9% during the third quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock worth $1,018,775,000 after purchasing an additional 602,143 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on BA shares. UBS Group lowered their target price on shares of Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. DZ Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research report on Tuesday, October 15th. Citigroup reduced their price objective on shares of Boeing from $209.00 to $207.00 and set a “buy” rating for the company in a research report on Friday. Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Boeing in a report on Wednesday, October 30th. Two research 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. According to MarketBeat.com, Boeing has an average rating of “Moderate Buy” and an average price target of $192.11.

Boeing Stock Up 5.4 %

Shares of BA opened at $184.55 on Tuesday. The firm has a market capitalization of $114.09 billion, a PE ratio of -14.15 and a beta of 1.52. The firm has a 50-day moving average price of $166.42 and a 200 day moving average price of $164.29. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $214.63.

Boeing (NYSE:BA) last announced its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter last year, the company earned ($0.47) earnings per share. On average, equities analysts expect that The Boeing Company will post -16.39 EPS for the current year.

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.