Sippican Capital Advisors Sells 4,604 Shares of The Boeing Company (NYSE:BA)

Sippican Capital Advisors trimmed its position in The Boeing Company (NYSE:BA - Free Report) by 60.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,953 shares of the aircraft producer's stock after selling 4,604 shares during the period. Sippican Capital Advisors' holdings in Boeing were worth $523,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quarry LP boosted its stake in shares of Boeing by 68.3% in the 2nd quarter. Quarry LP now owns 611 shares of the aircraft producer's stock worth $111,000 after buying an additional 248 shares during the last quarter. Regal Investment Advisors LLC lifted its position in shares of Boeing by 10.2% during the second quarter. Regal Investment Advisors LLC now owns 3,440 shares of the aircraft producer's stock worth $626,000 after acquiring an additional 317 shares in the last quarter. Granite Bay Wealth Management LLC purchased a new stake in shares of Boeing during the second quarter worth $561,000. Clearbridge Investments LLC lifted its position in shares of Boeing by 6,763.5% during the second quarter. Clearbridge Investments LLC now owns 287,237 shares of the aircraft producer's stock worth $52,280,000 after acquiring an additional 283,052 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL bought a new position in shares of Boeing in the second quarter worth $82,000. 64.82% of the stock is owned by institutional investors.

Boeing Price Performance

NYSE BA traded up $5.81 during trading on Thursday, hitting $179.47. 6,967,023 shares of the company's stock traded hands, compared to its average volume of 8,898,981. The stock has a fifty day moving average of $168.24 and a two-hundred day moving average of $164.26. The firm has a market cap of $110.95 billion, a P/E ratio of -13.91 and a beta of 1.52. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $214.63.

Boeing (NYSE:BA - Get Free Report) last posted its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts' consensus estimates of ($1.60) by ($4.30). During the same period in the prior year, the firm posted ($0.47) EPS. As a group, analysts expect that The Boeing Company will post -16.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on BA shares. UBS Group upped their price target on shares of Boeing from $208.00 to $217.00 and gave the stock a "buy" rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft upped their price target on shares of Boeing from $184.00 to $215.00 and gave the stock a "buy" rating in a report on Thursday, January 2nd. Sanford C. Bernstein cut shares of Boeing from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. JPMorgan Chase & Co. upped their price target on shares of Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Wednesday. Finally, Benchmark reaffirmed a "buy" rating and issued a $250.00 price target on shares of Boeing in a report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $195.00.

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.