Sonora Investment Management Group LLC Lowers Position in The Boeing Company (NYSE:BA)

Sonora Investment Management Group LLC reduced its stake in The Boeing Company (NYSE:BA) by 11.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,106 shares of the aircraft producer’s stock after selling 769 shares during the period. Sonora Investment Management Group LLC’s holdings in Boeing were worth $1,081,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Sugar Maple Asset Management LLC purchased a new stake in Boeing during the fourth quarter worth about $27,000. Fiduciary Advisors Inc. acquired a new stake in shares of Boeing during the 4th quarter worth about $28,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Boeing in the 3rd quarter valued at $28,000. Cedar Wealth Management LLC acquired a new position in Boeing in the third quarter valued at $30,000. Finally, Albion Financial Group UT grew its stake in Boeing by 116.1% during the 4th quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer’s stock worth $52,000 after buying an additional 159 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on BA. UBS Group upped their target price on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday. Wells Fargo & Company increased their price objective on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research report on Wednesday. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Benchmark reiterated a “buy” rating and set a $250.00 target price on shares of Boeing in a research report on Thursday, October 24th. Finally, Morgan Stanley decreased their price target on 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 investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $195.00.

Boeing Price Performance

Shares of NYSE:BA opened at $179.47 on Friday. The business has a 50-day moving average of $168.24 and a two-hundred day moving average of $164.26. The firm has a market capitalization of $110.95 billion, a PE ratio of -13.91 and a beta of 1.52. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $214.63.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the previous year, the firm posted ($0.47) EPS. As a group, research analysts anticipate that The Boeing Company will post -16.39 earnings per share for the current year.

About Boeing

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.