Valley Brook Capital Group Inc. Trims Stake in The Boeing Company (NYSE:BA)

Valley Brook Capital Group Inc. lessened its position in shares of The Boeing Company (NYSE:BA) by 24.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,689 shares of the aircraft producer’s stock after selling 850 shares during the quarter. Valley Brook Capital Group Inc.’s holdings in Boeing were worth $701,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in BA. DiNuzzo Private Wealth Inc. acquired a new position in shares of Boeing in the fourth quarter valued at approximately $28,000. Evolution Advisers Inc. purchased a new position in Boeing during the fourth quarter worth about $28,000. CNB Bank lifted its position in Boeing by 106.5% in the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after purchasing an additional 66 shares during the period. Naples Money Management LLC purchased a new stake in Boeing in the 4th quarter valued at approximately $44,000. Finally, M&R Capital Management Inc. increased its position 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 period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on BA. Argus downgraded Boeing from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. StockNews.com cut Boeing from a “hold” rating to a “sell” rating in a report on Friday, April 26th. UBS Group lowered their target price on shares of Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, March 21st. Barclays lowered their price objective 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. Finally, JPMorgan Chase & Co. lowered their price target on Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, Boeing has a consensus rating of “Hold” and an average price target of $222.41.

Boeing Price Performance

NYSE:BA traded up $0.94 during midday trading on Friday, reaching $179.79. 5,416,263 shares of the company traded hands, compared to its average volume of 8,228,397. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54. The company has a fifty day moving average price of $183.74 and a 200 day moving average price of $206.20. The firm has a market capitalization of $110.37 billion, a price-to-earnings ratio of -50.64 and a beta of 1.54.

Boeing (NYSE:BA) last posted 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 the consensus estimate of $21.14 billion. During the same quarter last year, the company posted ($1.75) EPS. Boeing’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, equities research analysts forecast that The Boeing Company will post -0.18 earnings per share for the current fiscal year.

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.