The Boeing Company (NYSE:BA) Shares Sold by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC lowered its position in The Boeing Company (NYSE:BA) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,504 shares of the aircraft producer’s stock after selling 920 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Boeing were worth $19,736,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Sugar Maple Asset Management LLC purchased a new position in Boeing during the 4th quarter valued at about $27,000. RPg Family Wealth Advisory LLC acquired a new stake in Boeing during the 3rd quarter valued at $28,000. Cedar Wealth Management LLC purchased a new position in Boeing during the third quarter worth $30,000. Albion Financial Group UT grew its stake in 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 acquiring an additional 159 shares during the period. Finally, Planning Capital Management Corp lifted 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 buying an additional 289 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

BA has been the topic of a number of research reports. Morgan Stanley cut their price objective on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft boosted their price objective 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. Susquehanna reduced their price objective on Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research report on Thursday, October 24th. UBS Group cut their price objective on shares of Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price target on shares of Boeing in a research report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $192.21.

Boeing Stock Up 2.7 %

NYSE BA opened at $175.63 on Wednesday. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $217.59. The firm’s fifty day simple moving average is $164.20 and its 200-day simple moving average is $164.46.

Boeing (NYSE:BA) last issued its earnings results 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 business had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the prior year, the firm posted ($3.26) earnings per share. Boeing’s revenue was down 1.5% on a year-over-year basis. As a group, equities analysts anticipate that The Boeing Company will post -16.46 earnings per share 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.