The Boeing Company (NYSE:BA) Shares Sold by Romano Brothers AND Company

Romano Brothers AND Company decreased its holdings in shares of The Boeing Company (NYSE:BA) by 10.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,203 shares of the aircraft producer’s stock after selling 1,045 shares during the period. Romano Brothers AND Company’s holdings in Boeing were worth $1,629,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BA. RPg Family Wealth Advisory LLC acquired a new stake in Boeing during the 3rd quarter worth approximately $28,000. Cedar Wealth Management LLC purchased a new position in Boeing in the 3rd quarter valued at $30,000. Kiely Wealth Advisory Group Inc. acquired a new position in Boeing in the 2nd quarter valued at $33,000. Planning Capital Management Corp lifted its stake in shares of Boeing by 741.0% in the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after acquiring an additional 289 shares during the period. Finally, Truvestments Capital LLC purchased a new stake in shares of Boeing in the third quarter valued at about $58,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 1.3 %

Boeing stock opened at $171.14 on Friday. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $217.59. The firm’s 50-day moving average is $163.15 and its two-hundred day moving average is $164.89.

Boeing (NYSE:BA) last released its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter in the previous year, the business earned ($3.26) EPS. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, research analysts anticipate that The Boeing Company will post -16.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on BA shares. Jefferies Financial Group cut their price target on shares of Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a report on Monday, September 23rd. The Goldman Sachs Group reduced their price target on Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Benchmark reiterated a “buy” rating and issued a $250.00 price objective on shares of Boeing in a research report on Thursday, October 24th. Morgan Stanley decreased their target price on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. Finally, Susquehanna cut their price target on shares of Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.