Capstone Financial Advisors Inc. Decreases Stake in The Boeing Company (NYSE:BA)

Capstone Financial Advisors Inc. lowered its holdings in The Boeing Company (NYSE:BA) by 4.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,244 shares of the aircraft producer’s stock after selling 113 shares during the quarter. Capstone Financial Advisors Inc.’s holdings in Boeing were worth $397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. Sierra Ocean LLC bought a new stake in shares of Boeing in the fourth quarter worth $26,000. Sugar Maple Asset Management LLC bought a new stake in shares of Boeing in the fourth quarter worth $27,000. Fiduciary Advisors Inc. bought a new stake in shares of Boeing in the fourth quarter worth $28,000. HighMark Wealth Management LLC grew its holdings in shares of Boeing by 121.6% in the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after acquiring an additional 90 shares during the period. Finally, Anfield Capital Management LLC grew its holdings in shares of Boeing by 113.1% in the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock worth $32,000 after acquiring an additional 95 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

BA has been the subject of several research analyst reports. Citigroup lifted their price objective on Boeing from $210.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $190.00 to $210.00 in a report on Monday, January 6th. Melius raised Boeing from a “hold” rating to a “buy” rating in a report on Monday, March 24th. TD Securities reissued a “buy” rating and set a $180.00 price target on shares of Boeing in a report on Thursday. Finally, Benchmark cut their price target on Boeing from $250.00 to $215.00 and set a “buy” rating for the company in a report on Monday, April 21st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $198.45.

Boeing Trading Up 0.9 %

NYSE:BA opened at $177.92 on Monday. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $196.95. The company has a market cap of $134.15 billion, a price-to-earnings ratio of -9.71 and a beta of 1.24. The stock has a fifty day simple moving average of $164.87 and a 200-day simple moving average of $164.82.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share for the quarter, beating the consensus estimate of ($1.39) by $0.90. The firm had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. As a group, equities research analysts predict that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Activity at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the transaction, the executive vice president now directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.09% of the stock is currently owned by corporate insiders.

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.