Uncommon Cents Investing LLC Sells 275 Shares of The Boeing Company (NYSE:BA)

Uncommon Cents Investing LLC lowered its stake in The Boeing Company (NYSE:BA) by 3.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 8,808 shares of the aircraft producer’s stock after selling 275 shares during the period. Uncommon Cents Investing LLC’s holdings in Boeing were worth $2,296,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of BA. CNB Bank increased its holdings in shares of Boeing by 106.5% in the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after buying an additional 66 shares during the period. VisionPoint Advisory Group LLC purchased a new position in Boeing during the 2nd quarter valued at about $32,000. True Wealth Design LLC purchased a new position in Boeing during the 4th quarter valued at about $33,000. Park Place Capital Corp increased its holdings in Boeing by 185.1% during the 3rd quarter. Park Place Capital Corp now owns 211 shares of the aircraft producer’s stock valued at $40,000 after purchasing an additional 137 shares during the period. Finally, Industrial Alliance Investment Management Inc. purchased a new position in Boeing during the 4th quarter valued at about $41,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Trading Up 0.5 %

Shares of BA opened at $192.83 on Friday. The firm has a fifty day simple moving average of $200.59 and a two-hundred day simple moving average of $209.84. The Boeing Company has a 1-year low of $176.25 and a 1-year high of $267.54.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, topping the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion during the quarter, compared to analysts’ expectations of $21.14 billion. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the company earned ($1.75) earnings per share. As a group, analysts forecast that The Boeing Company will post 1.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. TD Cowen reduced their price target on Boeing from $275.00 to $230.00 and set an “outperform” rating on the stock in a report on Monday. Morgan Stanley reiterated an “equal weight” rating and set a $235.00 target price on shares of Boeing in a report on Monday. JPMorgan Chase & Co. reduced their target price on Boeing from $270.00 to $230.00 and set an “overweight” rating on the stock in a report on Monday. Barclays upped their target price on Boeing from $210.00 to $235.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 6th. Finally, Wells Fargo & Company reduced their target price on Boeing from $225.00 to $215.00 and set an “equal weight” rating on the stock in a report on Thursday, February 1st. Seven analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Boeing currently has an average rating of “Moderate Buy” and a consensus target price of $241.53.

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.