Lynch & Associates IN Decreases Stake in The Boeing Company (NYSE:BA)

Lynch & Associates IN lowered its holdings in The Boeing Company (NYSE:BA) by 9.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,035 shares of the aircraft producer’s stock after selling 1,878 shares during the period. Lynch & Associates IN’s holdings in Boeing were worth $3,192,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BA. Strategic Financial Concepts LLC bought a new stake in shares of Boeing in the 2nd quarter worth approximately $41,000. Angeles Wealth Management LLC increased its stake in shares of Boeing by 11.0% in the second quarter. Angeles Wealth Management LLC now owns 1,691 shares of the aircraft producer’s stock valued at $308,000 after purchasing an additional 167 shares during the period. American Century Companies Inc. boosted its position in shares of Boeing by 20.8% during the second quarter. American Century Companies Inc. now owns 44,992 shares of the aircraft producer’s stock worth $8,189,000 after buying an additional 7,739 shares during the period. BOKF NA increased its position in Boeing by 14.1% in the 2nd quarter. BOKF NA now owns 18,589 shares of the aircraft producer’s stock valued at $3,383,000 after acquiring an additional 2,298 shares during the period. Finally, PFG Advisors increased its holdings in shares of Boeing by 16.6% during the second quarter. PFG Advisors now owns 5,100 shares of the aircraft producer’s stock valued at $928,000 after purchasing an additional 726 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

BA has been the subject of a number of research reports. Wells Fargo & Company decreased their price target on Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research note on Monday, November 4th. Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. Morgan Stanley reduced their price objective on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. The Goldman Sachs Group cut their price objective on Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $192.21.

Boeing Stock Up 0.2 %

Shares of NYSE:BA traded up $0.32 during midday trading on Friday, hitting $172.08. The stock had a trading volume of 7,476,405 shares, compared to its average volume of 8,908,326. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $228.28. The company has a market cap of $106.38 billion, a P/E ratio of -13.34 and a beta of 1.52. The business’s 50-day simple moving average is $161.04 and its 200-day simple moving average is $165.37.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. Boeing’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($3.26) earnings per share. As a group, equities analysts predict that The Boeing Company will post -16.18 earnings per share for the current year.

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.