The Boeing Company (NYSE:BA) is Lipe & Dalton’s 10th Largest Position

Lipe & Dalton lessened its holdings in shares of The Boeing Company (NYSE:BA) by 6.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,651 shares of the aircraft producer’s stock after selling 1,905 shares during the quarter. Boeing makes up approximately 2.8% of Lipe & Dalton’s portfolio, making the stock its 10th largest holding. Lipe & Dalton’s holdings in Boeing were worth $5,248,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Chaney Capital Management Inc. increased its position in shares of Boeing by 2.1% during the fourth quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer’s stock worth $508,000 after purchasing an additional 58 shares in the last quarter. Farmers & Merchants Investments Inc. increased its position in shares of Boeing by 0.6% in the 4th quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer’s stock valued at $1,878,000 after acquiring an additional 59 shares during the period. Center for Financial Planning Inc. increased its position in shares of Boeing by 12.0% in the 4th quarter. Center for Financial Planning Inc. now owns 562 shares of the aircraft producer’s stock valued at $99,000 after acquiring an additional 60 shares during the period. Transcend Capital Advisors LLC grew its position in Boeing by 1.3% during the 4th quarter. Transcend Capital Advisors LLC now owns 4,923 shares of the aircraft producer’s stock worth $871,000 after purchasing an additional 61 shares during the period. Finally, Beacon Capital Management LLC grew its position in Boeing by 4.0% during the 4th quarter. Beacon Capital Management LLC now owns 1,709 shares of the aircraft producer’s stock worth $302,000 after purchasing an additional 65 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Ratings Changes

BA has been the topic of a number of research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday, January 29th. UBS Group increased their price objective on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Susquehanna raised their price target on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. raised their price target on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. 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 given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $195.16.

Insider Buying and Selling

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the transaction, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.16% of the stock is owned by corporate insiders.

Boeing Price Performance

BA stock opened at $177.34 on Friday. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $208.10. The firm has a market cap of $133.01 billion, a PE ratio of -9.68 and a beta of 1.52. The firm has a 50 day simple moving average of $176.74 and a 200 day simple moving average of $164.39.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the prior year, the firm earned ($0.47) earnings per share. As a group, sell-side analysts expect that The Boeing Company will post -2.32 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.