Tucker Asset Management LLC Lowers Stake in The Boeing Company (NYSE:BA)

Tucker Asset Management LLC reduced its holdings in shares of The Boeing Company (NYSE:BA) by 52.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 208 shares of the aircraft producer’s stock after selling 231 shares during the period. Tucker Asset Management LLC’s holdings in Boeing were worth $54,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Trust Co. of Vermont raised its position in shares of Boeing by 1.0% in the third quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock valued at $841,000 after purchasing an additional 45 shares during the period. Benchmark Financial Wealth Advisors LLC increased its position in Boeing by 2.7% during the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock worth $465,000 after acquiring an additional 47 shares during the period. WealthPlan Investment Management LLC increased its position in Boeing by 1.0% during the fourth quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock worth $1,229,000 after acquiring an additional 49 shares during the period. RB Capital Management LLC increased its position in Boeing by 2.7% during the third quarter. RB Capital Management LLC now owns 1,893 shares of the aircraft producer’s stock worth $363,000 after acquiring an additional 50 shares during the period. Finally, M&R Capital Management Inc. increased its position in Boeing by 35.0% during the fourth quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock worth $50,000 after acquiring an additional 50 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on BA shares. Northcoast Research lowered shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 target price on the stock. in a research report on Wednesday, April 17th. Barclays decreased their price target on shares of Boeing from $235.00 to $190.00 and set an “equal weight” rating on the stock in a research note on Monday, April 22nd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Boeing from $240.00 to $225.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Bank of America lifted their price target on shares of Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $240.00 price target on shares of Boeing in a research note on Wednesday, May 15th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $220.89.

Boeing Trading Down 1.9 %

Shares of Boeing stock traded down $3.43 during trading on Friday, reaching $177.27. The company’s stock had a trading volume of 5,105,974 shares, compared to its average volume of 5,770,378. The stock has a 50-day moving average price of $177.44 and a two-hundred day moving average price of $202.43. The Boeing Company has a one year low of $159.70 and a one year high of $267.54. The stock has a market capitalization of $108.82 billion, a P/E ratio of -49.94 and a beta of 1.55.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.43) by $0.30. The business had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $17.69 billion. As a group, sell-side analysts anticipate that The Boeing Company will post -1.48 EPS for the current fiscal year.

Boeing 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.