Alexander Labrunerie & CO. Inc. Sells 314 Shares of The Boeing Company (NYSE:BA)

Alexander Labrunerie & CO. Inc. decreased its position in The Boeing Company (NYSE:BA) by 11.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,468 shares of the aircraft producer’s stock after selling 314 shares during the quarter. Alexander Labrunerie & CO. Inc.’s holdings in Boeing were worth $437,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Sugar Maple Asset Management LLC acquired a new stake in shares of Boeing in the fourth quarter worth $27,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Boeing in the third quarter worth $28,000. Fiduciary Advisors Inc. acquired a new stake in shares of Boeing in the fourth quarter worth $28,000. Cedar Wealth Management LLC acquired a new stake in shares of Boeing in the third quarter worth $30,000. Finally, Heck Capital Advisors LLC acquired a new stake in Boeing during the fourth quarter worth $33,000. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of BA opened at $176.40 on Wednesday. The stock has a 50 day simple moving average of $169.95 and a 200 day simple moving average of $164.02. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $213.77. The firm has a market capitalization of $109.05 billion, a PE ratio of -9.63 and a beta of 1.52.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the previous year, the business earned ($0.47) earnings per share. Equities research analysts predict that The Boeing Company will post -2.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. TD Cowen decreased their price target on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. UBS Group lifted their price target on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Robert W. Baird decreased their price target on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Benchmark reissued a “buy” rating and set a $250.00 price objective on shares of Boeing in a report on Thursday, October 24th. Finally, Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $195.00.

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.