Leonard Rickey Investment Advisors P.L.L.C. Sells 157 Shares of The Boeing Company (NYSE:BA)

Leonard Rickey Investment Advisors P.L.L.C. lowered its stake in shares of The Boeing Company (NYSE:BA) by 6.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,236 shares of the aircraft producer’s stock after selling 157 shares during the quarter. Leonard Rickey Investment Advisors P.L.L.C.’s holdings in Boeing were worth $396,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BA. RPg Family Wealth Advisory LLC bought a new stake in shares of Boeing during the third quarter valued at approximately $28,000. Cedar Wealth Management LLC acquired a new position in Boeing during the 3rd quarter worth $30,000. Planning Capital Management Corp boosted its position in Boeing by 741.0% in the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after buying an additional 289 shares during the last quarter. Truvestments Capital LLC acquired a new stake in shares of Boeing in the 3rd quarter valued at $58,000. Finally, Fairscale Capital LLC bought a new stake in shares of Boeing during the second quarter worth $59,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Up 1.3 %

Boeing stock opened at $171.14 on Tuesday. The stock has a market cap of $105.80 billion, a PE ratio of -13.27 and a beta of 1.52. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $217.59. The business’s 50-day moving average price is $163.15 and its two-hundred day moving average price is $164.61.

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

Wall Street Analysts Forecast Growth

BA has been the subject of a number of research reports. UBS Group lowered their price objective on Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. The Goldman Sachs Group reduced their price objective on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. DZ Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target for the company. in a report on Tuesday, October 15th. Finally, Robert W. Baird decreased their target price on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $192.21.

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.