Sage Investment Advisers LLC Sells 150 Shares of The Boeing Company (NYSE:BA)

Sage Investment Advisers LLC trimmed its position in The Boeing Company (NYSE:BA) by 2.0% during the fourth quarter, Holdings Channel reports. The firm owned 7,300 shares of the aircraft producer’s stock after selling 150 shares during the quarter. Boeing makes up approximately 2.3% of Sage Investment Advisers LLC’s portfolio, making the stock its 14th largest holding. Sage Investment Advisers LLC’s holdings in Boeing were worth $1,903,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of BA. Trust Co. of Vermont increased its position in Boeing by 1.0% during the third quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock worth $841,000 after acquiring an additional 45 shares during the period. Benchmark Financial Wealth Advisors LLC increased its holdings in shares of Boeing by 2.7% during the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock worth $465,000 after purchasing an additional 47 shares during the period. WealthPlan Investment Management LLC raised its position in shares of Boeing by 1.0% in the fourth quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock valued at $1,229,000 after buying an additional 49 shares in the last quarter. RB Capital Management LLC boosted its stake in shares of Boeing by 2.7% in the third quarter. RB Capital Management LLC now owns 1,893 shares of the aircraft producer’s stock valued at $363,000 after buying an additional 50 shares during the period. Finally, M&R Capital Management Inc. boosted its stake in shares of Boeing by 35.0% in the fourth quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock valued at $50,000 after buying an additional 50 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on BA shares. Melius reaffirmed a “hold” rating on shares of Boeing in a report on Monday, April 1st. Susquehanna decreased their target price on shares of Boeing from $265.00 to $230.00 and set a “positive” rating on the stock in a report on Thursday, March 21st. Stifel Nicolaus cut their price target on shares of Boeing from $270.00 to $260.00 and set a “buy” rating for the company in a report on Wednesday, April 10th. Citigroup decreased their price objective on shares of Boeing from $252.00 to $224.00 and set a “buy” rating on the stock in a research note on Thursday, April 25th. Finally, The Goldman Sachs Group cut their target price on Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research note on Monday, March 25th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $222.41.

Boeing Trading Up 2.1 %

NYSE:BA traded up $3.64 during mid-day trading on Wednesday, hitting $180.35. 4,886,050 shares of the company’s stock were exchanged, compared to its average volume of 9,552,631. The Boeing Company has a fifty-two week low of $159.70 and a fifty-two week high of $267.54. The company has a 50 day simple moving average of $182.80 and a 200-day simple moving average of $206.14. The firm has a market capitalization of $110.71 billion, a P/E ratio of -50.10 and a beta of 1.54.

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.