The Boeing Company (NYSE:BA) Shares Sold by Patrick M Sweeney & Associates Inc.

Patrick M Sweeney & Associates Inc. lowered its stake in The Boeing Company (NYSE:BA) by 8.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,554 shares of the aircraft producer’s stock after selling 308 shares during the period. Patrick M Sweeney & Associates Inc.’s holdings in Boeing were worth $629,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Revolve Wealth Partners LLC acquired a new stake in shares of Boeing during the 4th quarter worth about $201,000. Diamant Asset Management Inc. raised its position in shares of Boeing by 7.4% during the 4th quarter. Diamant Asset Management Inc. now owns 4,375 shares of the aircraft producer’s stock worth $774,000 after acquiring an additional 300 shares in the last quarter. Bay Rivers Group raised its position in shares of Boeing by 1.0% during the 4th quarter. Bay Rivers Group now owns 7,416 shares of the aircraft producer’s stock worth $1,313,000 after acquiring an additional 70 shares in the last quarter. S. R. Schill & Associates raised its position in shares of Boeing by 6.7% during the 4th quarter. S. R. Schill & Associates now owns 3,337 shares of the aircraft producer’s stock worth $591,000 after acquiring an additional 210 shares in the last quarter. Finally, Nilsine Partners LLC raised its position in shares of Boeing by 5.5% during the 4th quarter. Nilsine Partners LLC now owns 11,832 shares of the aircraft producer’s stock worth $2,094,000 after acquiring an additional 614 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

BA has been the topic of several research analyst reports. DZ Bank lowered Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a research report on Tuesday, October 15th. Susquehanna cut their price target on Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research report on Thursday, October 24th. Sanford C. Bernstein lowered Boeing from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft lifted their price target on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Finally, Citigroup cut their price target on Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a research report on Friday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $192.11.

Boeing Price Performance

Boeing stock opened at $175.09 on Tuesday. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $214.63. The company has a market cap of $108.24 billion, a PE ratio of -13.57 and a beta of 1.52. The stock’s 50 day moving average price is $166.42 and its 200 day moving average price is $164.29.

Boeing (NYSE:BA) last issued its quarterly earnings data 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 in the previous year, the business earned ($0.47) earnings per share. On average, equities research analysts anticipate that The Boeing Company will post -16.39 EPS for the current fiscal 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.