The Boeing Company (NYSE:BA) Shares Sold by Creekmur Asset Management LLC

Creekmur Asset Management LLC lowered its stake in shares of The Boeing Company (NYSE:BA) by 22.4% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 387 shares of the aircraft producer’s stock after selling 112 shares during the period. Creekmur Asset Management LLC’s holdings in Boeing were worth $75,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of BA. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Boeing in the 4th quarter valued at $26,000. DiNuzzo Private Wealth Inc. acquired a new position in Boeing in the fourth quarter valued at approximately $28,000. Evolution Advisers Inc. purchased a new position in Boeing in the fourth quarter valued at approximately $28,000. Vima LLC acquired a new stake in Boeing during the fourth quarter worth approximately $34,000. Finally, Accent Capital Management LLC purchased a new stake in shares of Boeing during the 4th quarter worth approximately $39,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BA. Bank of America lifted their target price on shares of Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, June 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $225.00 target price on shares of Boeing in a research note on Tuesday, June 25th. JPMorgan Chase & Co. reduced their price objective on Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Susquehanna lifted their target price on Boeing from $220.00 to $230.00 and gave the company a “positive” rating in a research note on Thursday. Finally, Royal Bank of Canada decreased their price target on Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $217.71.

Boeing Price Performance

Shares of NYSE BA traded down $10.19 during mid-day trading on Thursday, hitting $180.41. The company had a trading volume of 4,373,041 shares, compared to its average volume of 8,125,877. The Boeing Company has a 12 month low of $159.70 and a 12 month high of $267.54. The firm’s 50 day simple moving average is $181.84 and its two-hundred day simple moving average is $187.77. The stock has a market cap of $110.75 billion, a price-to-earnings ratio of -53.69 and a beta of 1.56.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The business had revenue of $16.87 billion for the quarter, compared to the consensus estimate of $17.35 billion. During the same quarter last year, the business earned ($0.82) EPS. The company’s quarterly revenue was down 14.6% compared to the same quarter last year. Equities analysts forecast that The Boeing Company will post -2.27 earnings per share for the current 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.