Applied Capital LLC FL Decreases Stake in The Boeing Company (NYSE:BA)

Applied Capital LLC FL lessened its stake in The Boeing Company (NYSE:BA) by 4.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,140 shares of the aircraft producer’s stock after selling 388 shares during the quarter. Applied Capital LLC FL’s holdings in Boeing were worth $1,441,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BA. First Citizens Bank & Trust Co. boosted its position in Boeing by 2.6% during the fourth quarter. First Citizens Bank & Trust Co. now owns 7,899 shares of the aircraft producer’s stock worth $1,398,000 after purchasing an additional 202 shares in the last quarter. Affiance Financial LLC acquired a new position in shares of Boeing during the 4th quarter worth $300,000. Jacksonville Wealth Management LLC purchased a new stake in shares of Boeing in the 4th quarter worth about $347,000. B.O.S.S. Retirement Advisors LLC grew its stake in Boeing by 82.7% in the 4th quarter. B.O.S.S. Retirement Advisors LLC now owns 2,594 shares of the aircraft producer’s stock valued at $459,000 after acquiring an additional 1,174 shares during the last quarter. Finally, Toth Financial Advisory Corp increased its holdings in Boeing by 8.2% during the 4th quarter. Toth Financial Advisory Corp now owns 2,816 shares of the aircraft producer’s stock valued at $498,000 after acquiring an additional 214 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Wells Fargo & Company lowered their price target on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a research report on Monday, November 4th. Morgan Stanley dropped their price target on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. DZ Bank downgraded Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research report on Tuesday, October 15th. Susquehanna dropped 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. Finally, Robert W. Baird reduced their target price on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, eight have issued 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 company presently has an average rating of “Moderate Buy” and an average target price of $192.11.

Boeing Price Performance

NYSE BA opened at $175.95 on Friday. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $214.63. The business’s 50-day simple moving average is $166.42 and its 200-day simple moving average is $164.56. The firm has a market capitalization of $108.77 billion, a P/E ratio of -13.64 and a beta of 1.52.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same period last year, the business posted ($3.26) earnings per share. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, equities research analysts expect that The Boeing Company will post -16.39 EPS for the current fiscal 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.