Valley Brook Capital Group Inc. Sells 225 Shares of The Boeing Company (NYSE:BA)

Valley Brook Capital Group Inc. lessened its holdings in The Boeing Company (NYSE:BA) by 13.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,414 shares of the aircraft producer’s stock after selling 225 shares during the period. Valley Brook Capital Group Inc.’s holdings in Boeing were worth $250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Hartford Investment Management Co. lifted its holdings in Boeing by 25.5% during the 4th quarter. Hartford Investment Management Co. now owns 46,197 shares of the aircraft producer’s stock valued at $8,177,000 after purchasing an additional 9,392 shares during the last quarter. Gladstone Institutional Advisory LLC grew its position in Boeing by 52.1% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 13,941 shares of the aircraft producer’s stock worth $2,468,000 after acquiring an additional 4,774 shares during the last quarter. Certuity LLC increased its holdings in Boeing by 2,118.9% during the 4th quarter. Certuity LLC now owns 33,505 shares of the aircraft producer’s stock valued at $5,930,000 after purchasing an additional 31,995 shares in the last quarter. Indiana Trust & Investment Management Co raised its position in Boeing by 19.9% in the 4th quarter. Indiana Trust & Investment Management Co now owns 1,205 shares of the aircraft producer’s stock valued at $213,000 after purchasing an additional 200 shares during the last quarter. Finally, Beacon Financial Group acquired a new position in Boeing in the fourth quarter worth $221,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BA. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday, January 29th. Susquehanna raised their target price on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. DZ Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a report on Tuesday, October 15th. JPMorgan Chase & Co. lifted their target price on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Finally, Morgan Stanley cut their price target on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

Boeing Stock Down 0.0 %

Boeing stock opened at $180.51 on Wednesday. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $209.80. The company has a 50 day moving average of $172.70 and a 200-day moving average of $163.99. The stock has a market capitalization of $135.39 billion, a PE ratio of -9.85 and a beta of 1.52.

Boeing (NYSE:BA) last announced its 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 in the previous year, the business earned ($0.47) EPS. Equities analysts anticipate that The Boeing Company will post -2.3 EPS for the current fiscal 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.