Sanders Morris Harris LLC Cuts Stock Position in The Boeing Company (NYSE:BA)

Sanders Morris Harris LLC lessened its holdings in shares of The Boeing Company (NYSE:BA) by 9.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,375 shares of the aircraft producer’s stock after selling 2,300 shares during the quarter. Boeing comprises about 0.6% of Sanders Morris Harris LLC’s holdings, making the stock its 26th biggest holding. Sanders Morris Harris LLC’s holdings in Boeing were worth $4,215,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in BA. IMS Capital Management increased its position in shares of Boeing by 0.4% in the second quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer’s stock worth $2,759,000 after acquiring an additional 62 shares in the last quarter. Sterneck Capital Management LLC lifted its holdings in Boeing by 2.3% in the 4th quarter. Sterneck Capital Management LLC now owns 2,992 shares of the aircraft producer’s stock worth $530,000 after buying an additional 66 shares in the last quarter. Peoples Financial Services CORP. boosted its position 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 grew its stake in shares of Boeing by 4.7% during the fourth quarter. GSG Advisors LLC now owns 1,490 shares of the aircraft producer’s stock valued at $264,000 after acquiring an additional 67 shares in the last quarter. Finally, Altus Wealth Group LLC increased its position in shares of Boeing by 5.7% during the third quarter. Altus Wealth Group LLC now owns 1,325 shares of the aircraft producer’s stock worth $201,000 after acquiring an additional 71 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on BA shares. Deutsche Bank Aktiengesellschaft increased their price target on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price target on shares of Boeing in a research report on Wednesday, October 30th. Morgan Stanley decreased their price objective on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. Robert W. Baird reduced their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Finally, Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and an average price target of $192.21.

Boeing Trading Up 0.8 %

BA stock opened at $167.55 on Thursday. The firm has a market capitalization of $103.58 billion, a PE ratio of -12.99 and a beta of 1.52. The business’s 50 day simple moving average is $162.02 and its 200 day simple moving average is $164.97. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $217.59.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the previous year, the company earned ($3.26) earnings per share. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, sell-side analysts predict that The Boeing Company will post -16.43 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.