SFE Investment Counsel Has $476,000 Stock Position in The Boeing Company (NYSE:BA)

SFE Investment Counsel lessened its holdings in shares of The Boeing Company (NYSE:BA) by 46.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,687 shares of the aircraft producer’s stock after selling 2,295 shares during the quarter. SFE Investment Counsel’s holdings in Boeing were worth $476,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Exchange Traded Concepts LLC boosted its position in Boeing by 691.3% during the third quarter. Exchange Traded Concepts LLC now owns 1,725 shares of the aircraft producer’s stock worth $262,000 after purchasing an additional 1,507 shares during the period. NBC Securities Inc. lifted its stake in shares of Boeing by 11.7% during the 3rd quarter. NBC Securities Inc. now owns 5,636 shares of the aircraft producer’s stock worth $856,000 after buying an additional 592 shares during the last quarter. Prospect Financial Services LLC lifted its stake in shares of Boeing by 19.6% during the 3rd quarter. Prospect Financial Services LLC now owns 33,385 shares of the aircraft producer’s stock worth $5,076,000 after buying an additional 5,467 shares during the last quarter. Crane Advisory LLC boosted its holdings in shares of Boeing by 16.1% during the 3rd quarter. Crane Advisory LLC now owns 2,272 shares of the aircraft producer’s stock worth $351,000 after buying an additional 315 shares during the period. Finally, Lynch & Associates IN grew its stake in Boeing by 1.4% in the 3rd quarter. Lynch & Associates IN now owns 19,913 shares of the aircraft producer’s stock valued at $3,028,000 after buying an additional 274 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 3.1 %

Shares of NYSE BA opened at $186.04 on Thursday. The company’s fifty day simple moving average is $173.77 and its 200 day simple moving average is $164.10. The firm has a market cap of $139.54 billion, a PE ratio of -10.16 and a beta of 1.52. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $208.10.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period last year, the company posted ($0.47) earnings per share. On average, equities analysts predict that The Boeing Company will post -2.3 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. JPMorgan Chase & Co. increased their price target on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Wells Fargo & Company lifted their price objective on Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. Finally, Citigroup boosted their price target on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and an average target price of $195.16.

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.