Merit Financial Group LLC Reduces Position in The Boeing Company (NYSE:BA)

Merit Financial Group LLC lessened its position in shares of The Boeing Company (NYSE:BA - Free Report) by 25.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,960 shares of the aircraft producer's stock after selling 5,939 shares during the quarter. Merit Financial Group LLC's holdings in Boeing were worth $3,002,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. IMS Capital Management raised its stake in shares of Boeing by 0.4% during the 2nd quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer's stock worth $2,759,000 after buying an additional 62 shares in the last quarter. Sterneck Capital Management LLC increased its stake in Boeing by 2.3% in the 4th quarter. Sterneck Capital Management LLC now owns 2,992 shares of the aircraft producer's stock valued at $530,000 after purchasing an additional 66 shares in the last quarter. Peoples Financial Services CORP. raised its holdings in Boeing by 0.8% during the third quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer's stock worth $1,352,000 after purchasing an additional 67 shares during the last quarter. GSG Advisors LLC boosted its position in Boeing by 4.7% during the fourth quarter. GSG Advisors LLC now owns 1,490 shares of the aircraft producer's stock worth $264,000 after purchasing an additional 67 shares in the last quarter. Finally, Altus Wealth Group LLC grew its holdings in Boeing by 5.7% in the third quarter. Altus Wealth Group LLC now owns 1,325 shares of the aircraft producer's stock valued at $201,000 after purchasing an additional 71 shares during the last quarter. Institutional investors own 64.82% of the company's stock.

Boeing Stock Up 1.3 %

Shares of NYSE BA traded up $2.21 during midday trading on Monday, hitting $171.14. The stock had a trading volume of 9,537,359 shares, compared to its average volume of 9,471,018. The company has a fifty day moving average price of $163.15 and a 200 day moving average price of $164.61. The company has a market capitalization of $105.80 billion, a price-to-earnings ratio of -13.27 and a beta of 1.52. 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 released its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. The firm's quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($3.26) earnings per share. On average, research analysts forecast that The Boeing Company will post -16.43 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on BA shares. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Boeing from $184.00 to $215.00 and gave the company a "buy" rating in a research note on Thursday, January 2nd. DZ Bank cut shares of Boeing from a "buy" rating to a "hold" rating and set a $152.00 price objective for the company. in a research note on Tuesday, October 15th. Northcoast Research upgraded Boeing from a "sell" rating to a "neutral" rating in a research report on Thursday, December 12th. Robert W. Baird lowered their target price on Boeing from $240.00 to $200.00 and set an "outperform" rating on the stock in a report on Thursday, October 24th. Finally, The Goldman Sachs Group decreased their price objective on Boeing from $232.00 to $202.00 and set a "buy" rating on the stock in a research note on Tuesday, September 24th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $192.21.

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.