Rosenberg Matthew Hamilton Lowers Stake in The Boeing Company (NYSE:BA)

Rosenberg Matthew Hamilton cut its stake in The Boeing Company (NYSE:BA) by 37.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 917 shares of the aircraft producer’s stock after selling 541 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Boeing were worth $162,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in BA. RPg Family Wealth Advisory LLC purchased a new position in Boeing in the third quarter valued at about $28,000. Cedar Wealth Management LLC bought a new stake in shares of Boeing in the 3rd quarter valued at about $30,000. Kiely Wealth Advisory Group Inc. purchased a new position in shares of Boeing in the 2nd quarter worth approximately $33,000. Planning Capital Management Corp raised its stake in shares of Boeing by 741.0% during the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after acquiring an additional 289 shares in the last quarter. Finally, Truvestments Capital LLC purchased a new stake in Boeing during the third quarter valued at approximately $58,000. 64.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Wells Fargo & Company cut their price target on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Monday, November 4th. The Goldman Sachs Group dropped their target price on Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Barclays raised 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. DZ Bank downgraded Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target for the company. in a report on Tuesday, October 15th. Finally, Benchmark restated a “buy” rating and set a $250.00 price objective on shares of Boeing in a report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Boeing has an average rating of “Moderate Buy” and a consensus price target of $192.21.

Boeing Stock Performance

NYSE BA opened at $167.17 on Wednesday. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $217.59. The firm has a market capitalization of $103.34 billion, a P/E ratio of -12.96 and a beta of 1.52. The stock has a 50-day simple moving average of $162.02 and a two-hundred day simple moving average of $164.97.

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 analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the previous year, the firm earned ($3.26) earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, analysts forecast that The Boeing Company will post -16.18 earnings per share for the current 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.