Stanley Laman Group Ltd. Sells 1,084 Shares of The Boeing Company (NYSE:BA)

Stanley Laman Group Ltd. cut its position in The Boeing Company (NYSE:BA) by 4.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,897 shares of the aircraft producer’s stock after selling 1,084 shares during the period. Stanley Laman Group Ltd.’s holdings in Boeing were worth $4,230,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BA. Allspring Global Investments Holdings LLC lifted its position in shares of Boeing by 38.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 98,456 shares of the aircraft producer’s stock worth $16,922,000 after purchasing an additional 27,366 shares in the last quarter. Avidian Wealth Enterprises LLC boosted its holdings in Boeing by 4.2% during the fourth quarter. Avidian Wealth Enterprises LLC now owns 4,280 shares of the aircraft producer’s stock worth $758,000 after purchasing an additional 171 shares during the last quarter. Kentucky Trust Co acquired a new stake in Boeing in the fourth quarter valued at $497,000. Hartford Investment Management Co. lifted its stake in Boeing by 25.5% in the fourth quarter. Hartford Investment Management Co. now owns 46,197 shares of the aircraft producer’s stock valued at $8,177,000 after acquiring an additional 9,392 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC lifted its stake in shares of Boeing by 52.1% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 13,941 shares of the aircraft producer’s stock worth $2,468,000 after buying an additional 4,774 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Performance

BA opened at $186.04 on Thursday. The firm has a market cap of $139.54 billion, a P/E ratio of -10.16 and a beta of 1.52. The firm has a 50-day moving average of $173.21 and a 200 day moving average of $163.95. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $208.10.

Boeing (NYSE:BA) last released its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the prior year, the company posted ($0.47) EPS. Equities research analysts predict that The Boeing Company will post -2.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

BA has been the topic of a number of recent research reports. Susquehanna raised their price target on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Finally, Morgan Stanley reduced their target price on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $195.16.

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.