Empirical Finance LLC Sells 131 Shares of The Boeing Company (NYSE:BA)

Empirical Finance LLC lowered its position in The Boeing Company (NYSE:BA) by 0.7% during the 4th quarter, HoldingsChannel reports. The fund owned 19,335 shares of the aircraft producer’s stock after selling 131 shares during the period. Empirical Finance LLC’s holdings in Boeing were worth $3,422,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Sugar Maple Asset Management LLC purchased a new stake in shares of Boeing in the fourth quarter worth approximately $27,000. Fiduciary Advisors Inc. bought a new stake in Boeing during the 4th quarter valued at about $28,000. RPg Family Wealth Advisory LLC bought a new position in Boeing in the 3rd quarter worth about $28,000. Heck Capital Advisors LLC bought a new stake in shares of Boeing during the fourth quarter valued at approximately $33,000. Finally, Keystone Financial Group Inc. bought a new position in Boeing in the fourth quarter worth approximately $34,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Trading Down 1.8 %

Shares of BA opened at $181.51 on Friday. The firm has a market cap of $136.14 billion, a P/E ratio of -9.91 and a beta of 1.52. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $213.10. The stock’s 50 day moving average is $172.22 and its two-hundred day moving average is $164.29.

Boeing (NYSE:BA) last posted its quarterly earnings data 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 business posted ($0.47) EPS. Equities research analysts forecast that The Boeing Company will post -2.3 EPS for the current year.

Wall Street Analysts Forecast Growth

BA has been the subject of several research reports. Citigroup lowered their target price on Boeing from $209.00 to $207.00 and set a “buy” rating for the company in a report on Friday, January 24th. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Sanford C. Bernstein cut 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 research report on Wednesday, October 30th. Benchmark restated a “buy” rating and set a $250.00 price objective on shares of Boeing in a research note on Thursday, October 24th. Finally, TD Cowen cut their target price on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $195.00.

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.