Waycross Partners LLC Has $3.30 Million Position in The Boeing Company (NYSE:BA)

Waycross Partners LLC lessened its holdings in The Boeing Company (NYSE:BA) by 32.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,646 shares of the aircraft producer’s stock after selling 6,100 shares during the quarter. Waycross Partners LLC’s holdings in Boeing were worth $3,296,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Evolution Advisers Inc. bought a new position in Boeing during the 4th quarter worth approximately $28,000. CNB Bank raised its holdings in Boeing by 106.5% during the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after purchasing an additional 66 shares during the last quarter. Naples Money Management LLC bought a new position in Boeing during the 4th quarter worth approximately $44,000. M&R Capital Management Inc. raised its holdings in Boeing by 35.0% during the 4th quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock worth $50,000 after purchasing an additional 50 shares during the last quarter. Finally, Keener Financial Planning LLC bought a new position in Boeing during the 4th quarter worth approximately $52,000. Institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BA shares. Melius Research reiterated a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Susquehanna lowered their price objective on shares of Boeing from $265.00 to $230.00 and set a “positive” rating for the company in a research note on Thursday, March 21st. TD Cowen lowered their price objective on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a research note on Monday, March 25th. Benchmark reissued a “buy” rating and issued a $250.00 price target on shares of Boeing in a research report on Tuesday, March 26th. Finally, Bank of America reduced their price target on shares of Boeing from $210.00 to $190.00 and set a “neutral” rating for the company in a research report on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $222.41.

Boeing Trading Down 3.3 %

Shares of NYSE:BA traded down $5.65 during midday trading on Tuesday, reaching $167.84. The company had a trading volume of 8,171,877 shares, compared to its average volume of 9,716,028. The company’s 50 day moving average price is $185.21 and its 200 day moving average price is $206.38. The stock has a market cap of $103.03 billion, a P/E ratio of -47.28 and a beta of 1.52. The Boeing Company has a 52-week low of $159.70 and a 52-week high of $267.54.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, beating 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. During the same quarter in the prior year, the firm posted ($1.75) earnings per share. The company’s revenue was up 10.2% on a year-over-year basis. Research analysts forecast that The Boeing Company will post -0.3 EPS for the current fiscal 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.