MCF Advisors LLC Has $1.05 Million Stake in The Boeing Company (NYSE:BA)

MCF Advisors LLC cut its position in shares of The Boeing Company (NYSE:BA) by 3.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,924 shares of the aircraft producer’s stock after selling 181 shares during the quarter. MCF Advisors LLC’s holdings in Boeing were worth $1,049,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Sugar Maple Asset Management LLC bought a new stake in shares of Boeing in the 4th quarter valued at $27,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Boeing during the third quarter valued at about $28,000. Cedar Wealth Management LLC bought a new position in shares of Boeing during the 3rd quarter worth about $30,000. Planning Capital Management Corp grew its stake in shares of Boeing by 741.0% in the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after buying an additional 289 shares during the period. Finally, Godsey & Gibb Inc. increased its position in Boeing by 107.7% in the 4th quarter. Godsey & Gibb Inc. now owns 351 shares of the aircraft producer’s stock valued at $62,000 after buying an additional 182 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on BA shares. Robert W. Baird cut their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft increased their target price on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. JPMorgan Chase & Co. cut their price target on Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a research note on Monday, November 25th. Finally, Wells Fargo & Company lowered their price objective on Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research note on Monday, November 4th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.21.

Boeing Stock Up 2.7 %

BA opened at $175.63 on Wednesday. The company has a market capitalization of $108.58 billion, a price-to-earnings ratio of -13.61 and a beta of 1.52. The firm has a 50-day moving average price of $163.59 and a 200-day moving average price of $164.52. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $217.59.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter last year, the firm earned ($3.26) earnings per share. Boeing’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, sell-side analysts expect that The Boeing Company will post -16.43 earnings per share for the current fiscal year.

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.