White Pine Capital LLC Has $1.91 Million Holdings in The Boeing Company (NYSE:BA)

White Pine Capital LLC cut its position in The Boeing Company (NYSE:BA) by 9.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,342 shares of the aircraft producer’s stock after selling 768 shares during the period. White Pine Capital LLC’s holdings in Boeing were worth $1,914,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BA. CNB Bank raised its stake in shares of Boeing by 106.5% in the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after acquiring an additional 66 shares during the last quarter. Evolution Advisers Inc. bought a new position in shares of Boeing in the fourth quarter worth about $28,000. Lowe Wealth Advisors LLC bought a new position in shares of Boeing in the third quarter worth about $43,000. Naples Money Management LLC bought a new position in shares of Boeing in the fourth quarter worth about $44,000. Finally, Blue Bell Private Wealth Management LLC raised its stake in shares of Boeing by 66.2% in the third quarter. Blue Bell Private Wealth Management LLC now owns 236 shares of the aircraft producer’s stock worth $45,000 after acquiring an additional 94 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus dropped their price target on shares of Boeing from $270.00 to $260.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. Barclays dropped their price target on shares of Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a research note on Monday, April 22nd. Morgan Stanley dropped their price target on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 10th. Melius reissued a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Finally, The Goldman Sachs Group dropped their price target on shares of Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research note on Monday, March 25th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $222.41.

Boeing Stock Up 0.2 %

BA traded up $0.41 during trading hours on Friday, hitting $167.22. 7,208,103 shares of the company’s stock were exchanged, compared to its average volume of 7,379,195. The Boeing Company has a 1-year low of $159.70 and a 1-year high of $267.54. The stock’s 50-day moving average is $186.53 and its two-hundred day moving average is $206.46. The stock has a market cap of $102.65 billion, a price-to-earnings ratio of -47.12, a PEG ratio of 140.08 and a beta of 1.52.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, topping the consensus estimate of ($0.72) by $0.25. The business had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. During the same quarter in the previous year, the company posted ($1.75) EPS. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, equities research analysts anticipate that The Boeing Company will post 0.3 EPS for the current year.

About Boeing

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.