Quent Capital LLC Decreases Stake in The Boeing Company (NYSE:BA)

Quent Capital LLC lessened its holdings in shares of The Boeing Company (NYSE:BA) by 9.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,111 shares of the aircraft producer’s stock after selling 122 shares during the period. Quent Capital LLC’s holdings in Boeing were worth $197,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in BA. Exchange Traded Concepts LLC raised its holdings in shares of Boeing by 691.3% during the third quarter. Exchange Traded Concepts LLC now owns 1,725 shares of the aircraft producer’s stock worth $262,000 after purchasing an additional 1,507 shares during the last quarter. NBC Securities Inc. raised its holdings in shares of Boeing by 11.7% during the third quarter. NBC Securities Inc. now owns 5,636 shares of the aircraft producer’s stock worth $856,000 after purchasing an additional 592 shares during the last quarter. Prospect Financial Services LLC raised its holdings in shares of Boeing by 19.6% during the third quarter. Prospect Financial Services LLC now owns 33,385 shares of the aircraft producer’s stock worth $5,076,000 after purchasing an additional 5,467 shares during the last quarter. Crane Advisory LLC raised its holdings in shares of Boeing by 16.1% during the third quarter. Crane Advisory LLC now owns 2,272 shares of the aircraft producer’s stock worth $351,000 after purchasing an additional 315 shares during the last quarter. Finally, Lynch & Associates IN raised its holdings in shares of Boeing by 1.4% during the third quarter. Lynch & Associates IN now owns 19,913 shares of the aircraft producer’s stock worth $3,028,000 after purchasing an additional 274 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Trading Up 3.1 %

Shares of NYSE BA opened at $186.04 on Thursday. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $208.10. The stock has a market cap of $139.54 billion, a PE ratio of -10.16 and a beta of 1.52. The company has a 50-day moving average of $173.21 and a 200 day moving average of $163.95.

Boeing (NYSE:BA) last announced its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the prior year, the firm earned ($0.47) EPS. On average, sell-side analysts forecast that The Boeing Company will post -2.3 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on BA. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 target price on shares of Boeing in a report on Wednesday, January 29th. UBS Group lifted their price objective on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Robert W. Baird cut their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Finally, Citigroup lifted their price objective on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a report on Monday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

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.