The Boeing Company (NYSE:BA) Shares Sold by Cullinan Associates Inc.

Cullinan Associates Inc. reduced its stake in shares of The Boeing Company (NYSE:BA) by 5.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 6,575 shares of the aircraft producer’s stock after selling 400 shares during the period. Cullinan Associates Inc.’s holdings in Boeing were worth $1,164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the stock. Sterneck Capital Management LLC raised its holdings in shares of Boeing by 2.3% in the fourth quarter. Sterneck Capital Management LLC now owns 2,992 shares of the aircraft producer’s stock valued at $530,000 after purchasing an additional 66 shares during the last quarter. Peoples Financial Services CORP. increased its stake in Boeing by 0.8% in the 3rd quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer’s stock valued at $1,352,000 after buying an additional 67 shares during the last quarter. GSG Advisors LLC lifted its position in Boeing by 4.7% during the 4th quarter. GSG Advisors LLC now owns 1,490 shares of the aircraft producer’s stock worth $264,000 after buying an additional 67 shares in the last quarter. Bay Rivers Group boosted its holdings in shares of Boeing by 1.0% in the 4th quarter. Bay Rivers Group now owns 7,416 shares of the aircraft producer’s stock valued at $1,313,000 after buying an additional 70 shares during the last quarter. Finally, Altus Wealth Group LLC grew its stake in shares of Boeing by 5.7% in the third quarter. Altus Wealth Group LLC now owns 1,325 shares of the aircraft producer’s stock valued at $201,000 after buying an additional 71 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BA has been the subject of a number of analyst reports. TD Cowen decreased their price objective on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Susquehanna lifted their price objective on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Benchmark restated a “buy” rating and set a $250.00 target price on shares of Boeing in a research report on Thursday, October 24th. Finally, JPMorgan Chase & Co. boosted their price target on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Two research 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. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $195.00.

Boeing Trading Down 0.3 %

BA opened at $175.95 on Tuesday. The company has a market cap of $108.77 billion, a P/E ratio of -9.60 and a beta of 1.52. The company has a fifty day moving average price of $169.50 and a two-hundred day moving average price of $164.05. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $213.77.

Boeing (NYSE:BA) last issued its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the prior year, the company posted ($0.47) earnings per share. On average, research analysts forecast that The Boeing Company will post -2.12 EPS for the current fiscal year.

Boeing 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.