Paladin Advisory Group LLC Decreases Stake in The Boeing Company (NYSE:BA)

Paladin Advisory Group LLC lowered its stake in The Boeing Company (NYSE:BA) by 10.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 773 shares of the aircraft producer’s stock after selling 87 shares during the period. Paladin Advisory Group LLC’s holdings in Boeing were worth $201,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BA. CNB Bank grew its position in Boeing by 106.5% during the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after buying an additional 66 shares during the period. True Wealth Design LLC acquired a new stake in Boeing during the fourth quarter valued at $33,000. Park Place Capital Corp grew its position in Boeing by 185.1% during the third quarter. Park Place Capital Corp now owns 211 shares of the aircraft producer’s stock valued at $40,000 after buying an additional 137 shares during the period. Industrial Alliance Investment Management Inc. acquired a new stake in shares of Boeing in the fourth quarter valued at about $41,000. Finally, Fortis Capital Advisors LLC grew its position in shares of Boeing by 100.0% in the first quarter. Fortis Capital Advisors LLC now owns 200 shares of the aircraft producer’s stock valued at $42,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Down 0.2 %

Shares of BA traded down $0.39 during trading on Friday, reaching $169.84. 4,689,767 shares of the company traded hands, compared to its average volume of 9,703,083. The Boeing Company has a twelve month low of $167.53 and a twelve month high of $267.54. The stock has a market cap of $103.63 billion, a PE ratio of -46.15, a price-to-earnings-growth ratio of 116.16 and a beta of 1.52. The stock has a 50-day simple moving average of $191.08 and a 200-day simple moving average of $207.28.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. Boeing’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.75) earnings per share. On average, equities research analysts predict that The Boeing Company will post 0.37 EPS for the current year.

Analysts Set New Price Targets

BA has been the topic of several research analyst reports. 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 report on Thursday, April 11th. Morgan Stanley decreased their price target on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 10th. Melius Research reissued a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Edward Jones downgraded shares of Boeing from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Finally, Susquehanna decreased their price target on shares of Boeing from $265.00 to $230.00 and set a “positive” rating on the stock in a research note on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $229.35.

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.