Meyer Handelman Co. trimmed its holdings in shares of The Boeing Company (NYSE:BA – Get Rating) by 10.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,175 shares of the aircraft producer’s stock after selling 7,050 shares during the period. Meyer Handelman Co.’s holdings in Boeing were worth $11,082,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Piershale Financial Group Inc. bought a new position in Boeing in the 4th quarter worth about $27,000. CarsonAllaria Wealth Management Ltd. grew its holdings in shares of Boeing by 88.7% during the third quarter. CarsonAllaria Wealth Management Ltd. now owns 266 shares of the aircraft producer’s stock worth $32,000 after purchasing an additional 125 shares in the last quarter. Macroview Investment Management LLC increased its position in shares of Boeing by 100.0% in the fourth quarter. Macroview Investment Management LLC now owns 166 shares of the aircraft producer’s stock worth $32,000 after purchasing an additional 83 shares during the last quarter. Karp Capital Management Corp bought a new stake in Boeing during the third quarter valued at approximately $33,000. Finally, Selway Asset Management purchased a new position in shares of Boeing in the 3rd quarter worth about $36,000. 57.07% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms have issued reports on BA. StockNews.com initiated coverage on shares of Boeing in a research report on Thursday, March 16th. They issued a “hold” rating on the stock. Northcoast Research downgraded Boeing from a “buy” rating to a “neutral” rating and set a $180.00 price target on the stock. in a report on Tuesday, April 4th. Royal Bank of Canada set a $225.00 price objective on Boeing in a report on Tuesday, March 14th. Credit Suisse Group upped their target price on Boeing from $200.00 to $220.00 in a report on Monday, April 10th. Finally, Robert W. Baird boosted their price objective on shares of Boeing from $210.00 to $250.00 in a research report on Tuesday, January 3rd. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $223.59.
Boeing Stock Down 5.6 %
Boeing (NYSE:BA – Get Rating) last posted its quarterly earnings results on Wednesday, January 25th. The aircraft producer reported ($1.75) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($1.80). The firm had revenue of $19.98 billion during the quarter, compared to analysts’ expectations of $20.10 billion. During the same period in the prior year, the company earned ($7.69) EPS. Boeing’s revenue was up 35.1% on a year-over-year basis. As a group, sell-side analysts anticipate that The Boeing Company will post 0.25 earnings per share for the current year.
About Boeing
The Boeing Co is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space, and security systems. It operates through the following segments: Commercial Airplanes (BCA), Defense, Space and Security (BDS), Global Services (BGS), and Boeing Capital (BCC). The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide.
Further Reading
- Get a free copy of the StockNews.com research report on Boeing (BA)
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