MKT Advisors LLC Cuts Holdings in The Boeing Company (NYSE:BA)

MKT Advisors LLC reduced its position in The Boeing Company (NYSE:BA) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,705 shares of the aircraft producer’s stock after selling 170 shares during the period. MKT Advisors LLC’s holdings in Boeing were worth $634,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Sugar Maple Asset Management LLC purchased a new stake in shares of Boeing during the 4th quarter valued at about $27,000. RPg Family Wealth Advisory LLC bought a new stake in Boeing during the third quarter worth approximately $28,000. Cedar Wealth Management LLC purchased a new stake in Boeing during the third quarter valued at approximately $30,000. 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 valued at $50,000 after purchasing an additional 289 shares during the last quarter. Finally, Albion Financial Group UT boosted its holdings in shares of Boeing by 116.1% in the 4th quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer’s stock worth $52,000 after purchasing an additional 159 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Stock Performance

Shares of NYSE BA opened at $175.95 on Friday. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $214.63. The business has a fifty day moving average price of $166.42 and a 200 day moving average price of $164.56.

Boeing (NYSE:BA) last released 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 for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the prior year, the company earned ($3.26) EPS. The business’s quarterly revenue was down 1.5% on a year-over-year basis. On average, research analysts predict that The Boeing Company will post -16.39 EPS for the current year.

Analysts Set New Price Targets

Several research firms have commented on BA. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Robert W. Baird dropped their price target on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. DZ Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research report on Tuesday, October 15th. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Finally, Sanford C. Bernstein downgraded 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 report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $192.11.

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.