SignalPoint Asset Management LLC Cuts Position in The Boeing Company (NYSE:BA)

SignalPoint Asset Management LLC trimmed its position in The Boeing Company (NYSE:BA) by 6.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,481 shares of the aircraft producer’s stock after selling 185 shares during the quarter. SignalPoint Asset Management LLC’s holdings in Boeing were worth $439,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. IMS Capital Management raised its stake in Boeing by 0.4% during the 2nd quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer’s stock valued at $2,759,000 after acquiring an additional 62 shares in the last quarter. Sterneck Capital Management LLC raised its stake in Boeing by 2.3% during the 4th quarter. Sterneck Capital Management LLC now owns 2,992 shares of the aircraft producer’s stock valued at $530,000 after acquiring an additional 66 shares in the last quarter. Peoples Financial Services CORP. raised its stake in Boeing by 0.8% during the 3rd quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer’s stock valued at $1,352,000 after acquiring an additional 67 shares in the last quarter. GSG Advisors LLC raised its stake in Boeing by 4.7% during the 4th quarter. GSG Advisors LLC now owns 1,490 shares of the aircraft producer’s stock valued at $264,000 after acquiring an additional 67 shares in the last quarter. Finally, Altus Wealth Group LLC raised its stake in Boeing by 5.7% during the 3rd quarter. Altus Wealth Group LLC now owns 1,325 shares of the aircraft producer’s stock valued at $201,000 after acquiring an additional 71 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Trading Down 0.5 %

Shares of BA stock opened at $166.25 on Thursday. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $217.59. The stock’s fifty day simple moving average is $162.02 and its 200-day simple moving average is $164.97.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same quarter last year, the company earned ($3.26) EPS. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. Equities analysts predict that The Boeing Company will post -16.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Benchmark reaffirmed a “buy” rating and set a $250.00 target price on shares of Boeing in a research note on Thursday, October 24th. Wells Fargo & Company lowered their price target on Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a research report on Monday, November 4th. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. DZ Bank cut Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a research report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. lowered their price target on Boeing from $195.00 to $190.00 and set an “overweight” rating on the stock in a research report on Monday, November 25th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $192.21.

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.