Delta Financial Advisors LLC Decreases Stock Position in The Boeing Company (NYSE:BA)

Delta Financial Advisors LLC reduced its position in The Boeing Company (NYSE:BA) by 52.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,294 shares of the aircraft producer’s stock after selling 3,669 shares during the quarter. Delta Financial Advisors LLC’s holdings in Boeing were worth $859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of BA. Strategic Blueprint LLC boosted its holdings in shares of Boeing by 8.7% in the fourth quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock worth $859,000 after acquiring an additional 264 shares during the period. Rothschild Investment LLC IL boosted its stake in Boeing by 21.1% during the third quarter. Rothschild Investment LLC IL now owns 75,101 shares of the aircraft producer’s stock valued at $14,395,000 after buying an additional 13,079 shares during the period. Meridian Wealth Management LLC boosted its stake in Boeing by 86.8% during the third quarter. Meridian Wealth Management LLC now owns 24,776 shares of the aircraft producer’s stock valued at $4,749,000 after buying an additional 11,510 shares during the period. Morse Asset Management Inc boosted its stake in Boeing by 65.0% during the third quarter. Morse Asset Management Inc now owns 7,999 shares of the aircraft producer’s stock valued at $1,533,000 after buying an additional 3,152 shares during the period. Finally, Peregrine Asset Advisers Inc. boosted its stake in Boeing by 1,335.3% during the third quarter. Peregrine Asset Advisers Inc. now owns 36,443 shares of the aircraft producer’s stock valued at $6,985,000 after buying an additional 33,904 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Performance

Shares of Boeing stock traded up $0.74 during midday trading on Thursday, hitting $170.95. The company had a trading volume of 2,426,370 shares, compared to its average volume of 9,732,391. The stock has a market capitalization of $104.30 billion, a P/E ratio of -46.73, a P/E/G ratio of 116.39 and a beta of 1.52. The company has a 50 day moving average of $191.86 and a 200 day moving average of $207.54. The Boeing Company has a 52-week low of $167.53 and a 52-week high of $267.54.

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

Analysts Set New Price Targets

BA has been the topic of a number of research reports. Stifel Nicolaus lowered their price target on Boeing from $270.00 to $260.00 and set a “buy” rating on the stock in a research report on Wednesday, April 10th. Melius restated a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Bank of America lowered their price target on Boeing from $210.00 to $190.00 and set a “neutral” rating on the stock in a research report on Thursday, April 11th. Melius Research reiterated a “hold” rating on shares of Boeing in a report on Monday, April 1st. Finally, UBS Group decreased their price objective on Boeing from $275.00 to $250.00 and set a “buy” rating on the stock in a report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $229.35.

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.