Moloney Securities Asset Management LLC Reduces Stock Position in The Boeing Company (NYSE:BA)

Moloney Securities Asset Management LLC trimmed its holdings in The Boeing Company (NYSE:BA) by 15.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,163 shares of the aircraft producer’s stock after selling 958 shares during the period. Moloney Securities Asset Management LLC’s holdings in Boeing were worth $914,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. CWM LLC boosted its stake in Boeing by 9.3% in the 3rd quarter. CWM LLC now owns 26,552 shares of the aircraft producer’s stock worth $4,037,000 after purchasing an additional 2,249 shares during the period. Exchange Traded Concepts LLC lifted its holdings in shares of Boeing by 691.3% in the third quarter. Exchange Traded Concepts LLC now owns 1,725 shares of the aircraft producer’s stock worth $262,000 after buying an additional 1,507 shares in the last quarter. Douglas Lane & Associates LLC boosted its position in shares of Boeing by 12.0% in the third quarter. Douglas Lane & Associates LLC now owns 408,698 shares of the aircraft producer’s stock valued at $62,138,000 after acquiring an additional 43,896 shares during the period. Ameliora Wealth Management Ltd. grew its stake in Boeing by 33.3% during the third quarter. Ameliora Wealth Management Ltd. now owns 4,000 shares of the aircraft producer’s stock valued at $608,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Orca Investment Management LLC increased its holdings in Boeing by 10.4% during the 3rd quarter. Orca Investment Management LLC now owns 3,840 shares of the aircraft producer’s stock worth $584,000 after acquiring an additional 361 shares during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Down 1.8 %

BA opened at $181.51 on Monday. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $213.10. The business’s 50-day moving average price is $172.22 and its 200-day moving average price is $164.13. The company has a market cap of $136.14 billion, a P/E 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 (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period last year, the company posted ($0.47) earnings per share. Equities research analysts forecast that The Boeing Company will post -2.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. UBS Group raised their price target on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Susquehanna upped their target price on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. DZ Bank downgraded Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target for the company. in a research report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. 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 issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.