Stanley Laman Group Ltd. Sells 990 Shares of The Boeing Company (NYSE:BA)

Stanley Laman Group Ltd. lessened its position in The Boeing Company (NYSE:BA) by 4.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 23,524 shares of the aircraft producer’s stock after selling 990 shares during the period. Stanley Laman Group Ltd.’s holdings in Boeing were worth $6,132,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. CNB Bank raised its holdings in shares of Boeing by 106.5% in the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after acquiring an additional 66 shares during the last quarter. Evolution Advisers Inc. purchased a new stake in shares of Boeing in the fourth quarter worth approximately $28,000. Park Place Capital Corp lifted its holdings in shares of Boeing by 185.1% in the third quarter. Park Place Capital Corp now owns 211 shares of the aircraft producer’s stock valued at $40,000 after purchasing an additional 137 shares in the last quarter. Lowe Wealth Advisors LLC purchased a new position in shares of Boeing during the third quarter valued at approximately $43,000. Finally, Naples Money Management LLC bought a new stake in Boeing during the fourth quarter worth $44,000. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Up 1.5 %

Shares of BA traded up $2.48 during midday trading on Thursday, reaching $166.81. The stock had a trading volume of 12,448,376 shares, compared to its average volume of 9,789,682. The company has a market capitalization of $101.78 billion, a price-to-earnings ratio of -45.33, a price-to-earnings-growth ratio of 133.97 and a beta of 1.52. The Boeing Company has a 12-month low of $159.70 and a 12-month high of $267.54. The company’s 50-day moving average is $187.26 and its 200 day moving average is $206.61.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The business had revenue of $22.02 billion during the quarter, compared to analysts’ expectations of $21.14 billion. Boeing’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($1.75) EPS. Research analysts forecast that The Boeing Company will post 0.32 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Citigroup decreased their price target on Boeing from $252.00 to $224.00 and set a “buy” rating for the company in a research report on Thursday. UBS Group decreased their target price on Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, March 21st. Melius reissued a “hold” rating on shares of Boeing in a report on Monday, April 1st. JPMorgan Chase & Co. decreased their price objective on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Finally, Bank of America dropped their target price on shares of Boeing from $210.00 to $190.00 and set a “neutral” rating on the stock in a research note on Thursday, April 11th. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $222.41.

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.