Caprock Group LLC Sells 464 Shares of The Boeing Company (NYSE:BA)

Caprock Group LLC decreased its stake in The Boeing Company (NYSE:BA) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,770 shares of the aircraft producer’s stock after selling 464 shares during the period. Caprock Group LLC’s holdings in Boeing were worth $1,729,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Sugar Maple Asset Management LLC purchased a new position in shares of Boeing in the fourth quarter valued at $27,000. RPg Family Wealth Advisory LLC bought a new stake in Boeing during the 3rd quarter worth approximately $28,000. Fiduciary Advisors Inc. purchased a new stake in Boeing in the 4th quarter worth approximately $28,000. Cedar Wealth Management LLC bought a new position in Boeing in the 3rd quarter valued at $30,000. Finally, New Wave Wealth Advisors LLC purchased a new position in shares of Boeing during the 4th quarter valued at $38,000. 64.82% of the stock is owned by institutional investors.

Boeing Stock Down 1.8 %

NYSE:BA opened at $176.26 on Monday. The firm’s fifty day simple moving average is $169.50 and its 200 day simple moving average is $164.20. The stock has a market cap of $108.96 billion, a P/E ratio of -9.62 and a beta of 1.52. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $214.63.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the prior year, the firm posted ($0.47) EPS. On average, analysts expect that The Boeing Company will post -1.61 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Sanford C. Bernstein lowered Boeing from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $195.00 to $169.00 in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft increased their target price on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Morgan Stanley dropped their price target on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Citigroup reduced their price objective on Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Finally, Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.00.

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.