Financial Management Network Inc. Trims Stock Position in The Boeing Company (NYSE:BA)

Financial Management Network Inc. reduced its position in The Boeing Company (NYSE:BA - Free Report) by 26.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,751 shares of the aircraft producer's stock after selling 1,685 shares during the quarter. Financial Management Network Inc.'s holdings in Boeing were worth $807,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new position in shares of Boeing during the fourth quarter worth approximately $26,000. Sugar Maple Asset Management LLC purchased a new position in shares of Boeing during the fourth quarter worth approximately $27,000. RPg Family Wealth Advisory LLC purchased a new position in shares of Boeing during the third quarter worth approximately $28,000. Fiduciary Advisors Inc. purchased a new position in shares of Boeing during the fourth quarter worth approximately $28,000. Finally, HighMark Wealth Management LLC increased its position in shares of Boeing by 121.6% during 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. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Trading Down 2.0 %

Shares of NYSE:BA traded down $3.54 on Friday, hitting $177.34. 8,971,331 shares of the company were exchanged, compared to its average volume of 7,792,261. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $208.10. The stock's 50 day moving average price is $176.74 and its 200 day moving average price is $164.39. The firm has a market capitalization of $133.01 billion, a P/E ratio of -9.68 and a beta of 1.52.

Boeing (NYSE:BA - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period last year, the business posted ($0.47) EPS. On average, equities analysts predict that The Boeing Company will post -2.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Citigroup raised their target price on shares of Boeing from $207.00 to $210.00 and gave the stock a "buy" rating in a research report on Monday, February 10th. Robert W. Baird reduced their target price on shares of Boeing from $240.00 to $200.00 and set an "outperform" rating on the stock in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Boeing from $184.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, January 2nd. Northcoast Research upgraded shares of Boeing from a "sell" rating to a "neutral" rating in a research note on Thursday, December 12th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 price objective on shares of Boeing in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Boeing has an average rating of "Moderate Buy" and a consensus price target of $195.16.

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.