Intellectus Partners LLC Decreases Stock Position in The Boeing Company (NYSE:BA)

Intellectus Partners LLC cut its position in The Boeing Company (NYSE:BA) by 14.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,518 shares of the aircraft producer’s stock after selling 780 shares during the quarter. Intellectus Partners LLC’s holdings in Boeing were worth $1,178,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Stonebrook Private Inc. bought a new position in Boeing during the 4th quarter valued at $775,000. Transcend Capital Advisors LLC boosted its stake in Boeing by 8.2% during the 4th quarter. Transcend Capital Advisors LLC now owns 8,078 shares of the aircraft producer’s stock valued at $2,106,000 after acquiring an additional 609 shares during the last quarter. Opinicus Capital Inc. bought a new position in Boeing during the 4th quarter valued at $320,000. Consolidated Planning Corp boosted its stake in Boeing by 2.5% during the 4th quarter. Consolidated Planning Corp now owns 27,882 shares of the aircraft producer’s stock valued at $7,268,000 after acquiring an additional 693 shares during the last quarter. Finally, Intact Investment Management Inc. boosted its stake in Boeing by 245.0% during the 4th quarter. Intact Investment Management Inc. now owns 3,450 shares of the aircraft producer’s stock valued at $899,000 after acquiring an additional 2,450 shares during the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Trading Up 0.2 %

Shares of BA traded up $0.41 during midday trading on Friday, hitting $167.22. The stock had a trading volume of 7,208,103 shares, compared to its average volume of 7,379,195. The Boeing Company has a fifty-two week low of $159.70 and a fifty-two week high of $267.54. The business has a 50-day simple moving average of $186.53 and a two-hundred day simple moving average of $206.55. The firm has a market cap of $102.65 billion, a P/E ratio of -47.10, a price-to-earnings-growth ratio of 140.43 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 firm had revenue of $22.02 billion during the quarter, compared to analyst estimates of $21.14 billion. During the same quarter in the previous year, the business earned ($1.75) earnings per share. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. On average, analysts expect that The Boeing Company will post -0.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Stifel Nicolaus reduced their price objective on shares of Boeing from $270.00 to $260.00 and set a “buy” rating on the stock in a research note on Wednesday, April 10th. Northcoast Research downgraded shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price target on the stock. in a research report on Wednesday, April 17th. Royal Bank of Canada dropped their price objective on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Benchmark reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Boeing in a report on Tuesday, March 26th. Finally, Citigroup lowered their target price on shares of Boeing from $252.00 to $224.00 and set a “buy” rating on the stock in a research note on Thursday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $222.41.

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.