Southern Capital Advisors LLC Trims Stock Position in The Boeing Company (NYSE:BA)

Southern Capital Advisors LLC decreased its stake in The Boeing Company (NYSE:BA) by 8.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,148 shares of the aircraft producer’s stock after selling 300 shares during the quarter. Southern Capital Advisors LLC’s holdings in Boeing were worth $557,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sugar Maple Asset Management LLC purchased a new position in Boeing during the fourth quarter worth approximately $27,000. RPg Family Wealth Advisory LLC purchased a new position in shares of Boeing during the 3rd quarter valued at approximately $28,000. Fiduciary Advisors Inc. acquired a new stake in Boeing in the 4th quarter valued at $28,000. Cedar Wealth Management LLC purchased a new stake in Boeing in the 3rd quarter worth $30,000. Finally, Planning Capital Management Corp raised its position in Boeing by 741.0% during the third 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. 64.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BA has been the topic of several research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research report on Wednesday. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. TD Cowen lowered their price target on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. DZ Bank downgraded Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a research note on Tuesday, October 15th. Finally, Morgan Stanley lowered 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 note on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $195.00.

Boeing Stock Up 3.3 %

BA stock opened at $179.47 on Friday. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $214.63. The stock has a market cap of $110.95 billion, a price-to-earnings ratio of -9.80 and a beta of 1.52. The business has a fifty day moving average of $168.96 and a two-hundred day moving average of $164.37.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the previous year, the business earned ($0.47) earnings per share. As a group, sell-side analysts anticipate that The Boeing Company will post -1.61 EPS for the current year.

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.