Yousif Capital Management LLC Trims Holdings in The Boeing Company (NYSE:BA)

Yousif Capital Management LLC decreased its stake in shares of The Boeing Company (NYSE:BA) by 4.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 68,729 shares of the aircraft producer’s stock after selling 3,104 shares during the quarter. Yousif Capital Management LLC’s holdings in Boeing were worth $17,915,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in BA. Trust Co. of Vermont lifted its stake in Boeing by 1.0% in the 3rd quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock valued at $841,000 after buying an additional 45 shares in the last quarter. Benchmark Financial Wealth Advisors LLC grew its stake in Boeing by 2.7% in the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock worth $465,000 after purchasing an additional 47 shares in the last quarter. WealthPlan Investment Management LLC grew its stake in Boeing by 1.0% in the fourth quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock worth $1,229,000 after purchasing an additional 49 shares in the last quarter. RB Capital Management LLC grew its stake in Boeing by 2.7% in the third quarter. RB Capital Management LLC now owns 1,893 shares of the aircraft producer’s stock worth $363,000 after purchasing an additional 50 shares in the last quarter. Finally, M&R Capital Management Inc. lifted its holdings in Boeing by 35.0% in the fourth quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock worth $50,000 after acquiring an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 0.8 %

Shares of BA stock traded down $1.31 during mid-day trading on Tuesday, reaching $169.17. The stock had a trading volume of 7,584,261 shares, compared to its average volume of 9,611,969. The firm’s 50 day simple moving average is $188.81 and its 200 day simple moving average is $207.19. The Boeing Company has a one year low of $167.53 and a one year high of $267.54. The firm has a market cap of $103.22 billion, a PE ratio of -45.97, a P/E/G ratio of 134.48 and a beta of 1.52.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The firm had revenue of $22.02 billion during the quarter, compared to the consensus estimate of $21.14 billion. Boeing’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($1.75) EPS. Sell-side analysts forecast that The Boeing Company will post 0.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on BA. The Goldman Sachs Group cut their price target on Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a report on Monday, March 25th. Citigroup reduced their target price on Boeing from $263.00 to $252.00 and set a “buy” rating for the company in a report on Thursday, March 28th. Barclays reduced their target price on Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a report on Monday. Edward Jones downgraded Boeing from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Finally, Northcoast Research downgraded Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price objective for the company. in a research note on Wednesday, April 17th. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $226.71.

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.