American Capital Advisory LLC Sells 663 Shares of The Boeing Company (NYSE:BA)

American Capital Advisory LLC lessened its holdings in The Boeing Company (NYSE:BA) by 67.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 325 shares of the aircraft producer’s stock after selling 663 shares during the period. American Capital Advisory LLC’s holdings in Boeing were worth $58,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BA. Sterneck Capital Management LLC increased its position in Boeing by 2.3% during the 4th quarter. Sterneck Capital Management LLC now owns 2,992 shares of the aircraft producer’s stock worth $530,000 after purchasing an additional 66 shares in the last quarter. Peoples Financial Services CORP. increased its holdings in shares of Boeing by 0.8% during the third quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer’s stock worth $1,352,000 after buying an additional 67 shares in the last quarter. GSG Advisors LLC lifted its stake in shares of Boeing by 4.7% in the 4th quarter. GSG Advisors LLC now owns 1,490 shares of the aircraft producer’s stock valued at $264,000 after acquiring an additional 67 shares during the last quarter. Bay Rivers Group boosted its holdings in shares of Boeing by 1.0% during the 4th quarter. Bay Rivers Group now owns 7,416 shares of the aircraft producer’s stock valued at $1,313,000 after acquiring an additional 70 shares in the last quarter. Finally, Altus Wealth Group LLC boosted its holdings in shares of Boeing by 5.7% during the 3rd quarter. Altus Wealth Group LLC now owns 1,325 shares of the aircraft producer’s stock valued at $201,000 after acquiring an additional 71 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Down 1.8 %

NYSE:BA opened at $181.51 on Friday. The firm has a fifty day simple moving average of $171.70 and a two-hundred day simple moving average of $164.27. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $213.10. The stock has a market capitalization of $112.21 billion, a price-to-earnings ratio of -9.91 and a beta of 1.52.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period last year, the business earned ($0.47) earnings per share. Equities analysts predict that The Boeing Company will post -2.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on BA shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research report on Wednesday, January 29th. Citigroup dropped their price objective on shares of Boeing from $209.00 to $207.00 and set a “buy” rating for the company in a report on Friday, January 24th. Morgan Stanley reduced their target price on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. TD Cowen dropped their price target on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Finally, Wells Fargo & Company boosted their price objective on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.