Cornerstone Advisory LLC Sells 335 Shares of The Boeing Company (NYSE:BA)

Cornerstone Advisory LLC decreased its holdings in shares of The Boeing Company (NYSE:BAFree Report) by 7.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,479 shares of the aircraft producer’s stock after selling 335 shares during the period. Cornerstone Advisory LLC’s holdings in Boeing were worth $1,167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Evolution Advisers Inc. bought a new position in Boeing in the 4th quarter worth $28,000. DiNuzzo Private Wealth Inc. bought a new position in Boeing in the 4th quarter worth $28,000. Naples Money Management LLC bought a new position in Boeing in the 4th quarter worth $44,000. M&R Capital Management Inc. boosted its holdings in Boeing by 35.0% in the 4th quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock worth $50,000 after buying an additional 50 shares during the period. Finally, Keener Financial Planning LLC bought a new position in Boeing in the 4th quarter worth $52,000. Institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on BA. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Boeing from $240.00 to $225.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Robert W. Baird dropped their target price on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a report on Monday. Baird R W raised shares of Boeing to a “strong-buy” rating in a report on Monday. Sanford C. Bernstein dropped their price objective on shares of Boeing from $230.00 to $215.00 and set an “outperform” rating for the company in a report on Monday. Finally, StockNews.com downgraded shares of Boeing from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $220.89.

Read Our Latest Research Report on Boeing

Boeing Stock Up 2.2 %

Boeing stock traded up $4.06 during midday trading on Tuesday, reaching $188.63. The stock had a trading volume of 7,169,208 shares, compared to its average volume of 8,981,463. The Boeing Company has a 52-week low of $159.70 and a 52-week high of $267.54. The firm has a market cap of $115.80 billion, a price-to-earnings ratio of -52.34 and a beta of 1.55. The company has a fifty day moving average of $177.80 and a 200 day moving average of $204.50.

Boeing (NYSE:BAGet Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.43) by $0.30. The firm had revenue of $16.57 billion during the quarter, compared to analysts’ expectations of $17.69 billion. Equities research analysts predict that The Boeing Company will post -1.33 EPS for the current year.

Boeing Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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