Herbst Group LLC Sells 10,951 Shares of The Boeing Company (NYSE:BA)

Herbst Group LLC reduced its stake in The Boeing Company (NYSE:BA - Free Report) by 69.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,800 shares of the aircraft producer's stock after selling 10,951 shares during the period. Herbst Group LLC's holdings in Boeing were worth $850,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Financial Management Professionals Inc. lifted its holdings in shares of Boeing by 41.5% in the 4th quarter. Financial Management Professionals Inc. now owns 795 shares of the aircraft producer's stock worth $141,000 after purchasing an additional 233 shares in the last quarter. Ameritas Advisory Services LLC lifted its stake in shares of Boeing by 68.4% in the fourth quarter. Ameritas Advisory Services LLC now owns 29,961 shares of the aircraft producer's stock valued at $5,303,000 after buying an additional 12,171 shares in the last quarter. HB Wealth Management LLC grew its holdings in shares of Boeing by 39.1% during the fourth quarter. HB Wealth Management LLC now owns 13,507 shares of the aircraft producer's stock valued at $2,390,000 after buying an additional 3,799 shares during the last quarter. Westend Capital Management LLC bought a new stake in shares of Boeing during the fourth quarter worth about $17,567,000. Finally, Premier Path Wealth Partners LLC raised its holdings in shares of Boeing by 9.6% in the 4th quarter. Premier Path Wealth Partners LLC now owns 10,501 shares of the aircraft producer's stock worth $1,859,000 after acquiring an additional 918 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Boeing Price Performance

Shares of NYSE:BA traded up $2.21 on Friday, hitting $171.14. The company's stock had a trading volume of 9,537,359 shares, compared to its average volume of 9,471,018. The company has a market capitalization of $105.80 billion, a PE ratio of -13.27 and a beta of 1.52. The company has a 50-day simple moving average of $163.15 and a 200 day simple moving average of $164.75. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $217.59.

Boeing (NYSE:BA - Get Free Report) last announced its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts' consensus estimates of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the prior year, the company earned ($3.26) earnings per share. Boeing's quarterly revenue was down 1.5% compared to the same quarter last year. On average, equities research analysts expect that The Boeing Company will post -16.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Barclays raised Boeing from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Citigroup reduced their target price on shares of Boeing from $224.00 to $209.00 and set a "buy" rating for the company in a research report on Tuesday, October 15th. Morgan Stanley lowered their price target on shares of Boeing from $195.00 to $170.00 and set an "equal weight" rating on the stock in a report on Thursday, October 24th. JPMorgan Chase & Co. lowered their target price on Boeing from $195.00 to $190.00 and set an "overweight" rating on the stock in a research note on Monday, November 25th. Finally, Susquehanna decreased their price objective on Boeing from $210.00 to $200.00 and set a "positive" rating for the company in a report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Boeing presently has a consensus rating of "Moderate Buy" and a consensus target price of $192.21.

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.