Cwm LLC Reduces Stock Position in The Boeing Company (NYSE:BA)

Cwm LLC lowered its holdings in shares of The Boeing Company (NYSE:BA) by 0.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 21,631 shares of the aircraft producer’s stock after selling 147 shares during the quarter. Cwm LLC’s holdings in Boeing were worth $5,638,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of BA. CNB Bank boosted its holdings in Boeing by 106.5% during the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after acquiring an additional 66 shares during the period. Park Place Capital Corp lifted its holdings in shares of Boeing by 185.1% in the 3rd quarter. Park Place Capital Corp now owns 211 shares of the aircraft producer’s stock worth $40,000 after buying an additional 137 shares during the period. Lowe Wealth Advisors LLC purchased a new stake in shares of Boeing in the 3rd quarter worth $43,000. Naples Money Management LLC purchased a new stake in shares of Boeing in the 4th quarter worth $44,000. Finally, Blue Bell Private Wealth Management LLC lifted its holdings in shares of Boeing by 66.2% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 236 shares of the aircraft producer’s stock worth $45,000 after buying an additional 94 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

NYSE:BA opened at $169.17 on Wednesday. The stock has a 50 day moving average price of $188.81 and a 200 day moving average price of $207.19. The stock has a market cap of $103.22 billion, a PE ratio of -45.97, a P/E/G ratio of 134.48 and a beta of 1.52. The Boeing Company has a one year low of $167.53 and a one year high of $267.54.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (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. Boeing’s revenue was up 10.2% compared to the same quarter last year. During the same period last year, the business earned ($1.75) EPS. As a group, analysts predict that The Boeing Company will post 0.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently commented on BA shares. Northcoast Research lowered Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price target for the company. in a research report on Wednesday, April 17th. Melius reaffirmed a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Melius Research reaffirmed a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Sanford C. Bernstein reduced their target price on Boeing from $272.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, April 8th. Finally, Edward Jones lowered Boeing from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. One research analyst has 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 data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $226.71.

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.