Lewis Asset Management LLC Has $602,000 Holdings in The Boeing Company (NYSE:BA)

Lewis Asset Management LLC decreased its position in shares of The Boeing Company (NYSE:BA) by 36.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,403 shares of the aircraft producer’s stock after selling 1,915 shares during the period. Lewis Asset Management LLC’s holdings in Boeing were worth $602,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Sugar Maple Asset Management LLC bought a new stake in Boeing during the 4th quarter worth about $27,000. RPg Family Wealth Advisory LLC bought a new position in shares of Boeing in the third quarter worth about $28,000. Cedar Wealth Management LLC acquired a new position in shares of Boeing during the third quarter worth approximately $30,000. Planning Capital Management Corp grew its stake in shares of Boeing by 741.0% during the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after purchasing an additional 289 shares during the last quarter. Finally, Albion Financial Group UT increased its holdings in shares of Boeing by 116.1% in the fourth quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer’s stock valued at $52,000 after purchasing an additional 159 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of BA stock opened at $174.03 on Thursday. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $214.63. The company’s 50 day moving average price is $167.68 and its two-hundred day moving average price is $164.19.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter last year, the company earned ($0.47) EPS. On average, analysts predict that The Boeing Company will post -16.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on BA shares. Wells Fargo & Company upped their price objective on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a report on Wednesday. DZ Bank lowered Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a research note on Tuesday, October 15th. Benchmark reiterated a “buy” rating and issued a $250.00 price objective on shares of Boeing in a research report on Thursday, October 24th. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price target on shares of Boeing in a research report on Wednesday. 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 given a strong buy rating to the stock. According to data from MarketBeat, the stock presently 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.