Pacifica Partners Inc. Has $1.53 Million Stock Position in The Boeing Company (NYSE:BA)

Pacifica Partners Inc. reduced its holdings in shares of The Boeing Company (NYSE:BA) by 4.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,881 shares of the aircraft producer’s stock after selling 404 shares during the quarter. Pacifica Partners Inc.’s holdings in Boeing were worth $1,527,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BA. RPg Family Wealth Advisory LLC acquired a new stake in shares of Boeing in the third quarter valued at about $28,000. Cedar Wealth Management LLC acquired a new stake in shares of Boeing in the 3rd quarter valued at approximately $30,000. Kiely Wealth Advisory Group Inc. bought a new position in shares of Boeing in the second quarter valued at $33,000. Planning Capital Management Corp increased its holdings in Boeing by 741.0% during the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after buying an additional 289 shares during the last quarter. Finally, Truvestments Capital LLC bought a new stake in Boeing during the third quarter worth $58,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BA shares. Robert W. Baird lowered their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Sanford C. Bernstein lowered Boeing from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. Susquehanna cut their price target on Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a report on Thursday, October 24th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $192.21.

Boeing Trading Down 2.0 %

NYSE:BA opened at $167.17 on Wednesday. The stock’s 50-day moving average is $162.02 and its 200-day moving average is $164.97. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $217.59. The stock has a market cap of $103.34 billion, a P/E ratio of -12.96 and a beta of 1.52.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the prior year, the business posted ($3.26) EPS. As a group, equities analysts forecast that The Boeing Company will post -16.18 EPS for the current 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.