Thurston Springer Miller Herd & Titak Inc. Sells 9,555 Shares of The Boeing Company (NYSE:BA)

Thurston Springer Miller Herd & Titak Inc. decreased its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 85.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,674 shares of the aircraft producer's stock after selling 9,555 shares during the period. Thurston Springer Miller Herd & Titak Inc.'s holdings in Boeing were worth $296,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Park Avenue Securities LLC grew its holdings in shares of Boeing by 23.7% in the 4th quarter. Park Avenue Securities LLC now owns 11,486 shares of the aircraft producer's stock worth $2,033,000 after purchasing an additional 2,202 shares during the last quarter. Kathmere Capital Management LLC boosted its position in Boeing by 28.5% in the fourth quarter. Kathmere Capital Management LLC now owns 1,923 shares of the aircraft producer's stock valued at $340,000 after buying an additional 426 shares in the last quarter. SS&H Financial Advisors Inc. grew its stake in Boeing by 7.3% during the fourth quarter. SS&H Financial Advisors Inc. now owns 8,280 shares of the aircraft producer's stock worth $1,466,000 after buying an additional 560 shares during the last quarter. Fifth Third Wealth Advisors LLC boosted its holdings in shares of Boeing by 15.1% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 2,860 shares of the aircraft producer's stock worth $506,000 after acquiring an additional 375 shares in the last quarter. Finally, Oak Thistle LLC grew its position in Boeing by 40.4% during the 4th quarter. Oak Thistle LLC now owns 8,542 shares of the aircraft producer's stock worth $1,512,000 after acquiring an additional 2,460 shares during the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BA has been the topic of several research analyst reports. Barclays upgraded Boeing from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Robert W. Baird lowered their price objective on shares of Boeing from $240.00 to $200.00 and set an "outperform" rating for the company in a research report on Thursday, October 24th. Sanford C. Bernstein downgraded shares of Boeing from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $195.00 to $169.00 in a research note on Wednesday, October 30th. Benchmark reissued a "buy" rating and set a $250.00 price target on shares of Boeing in a research note on Thursday, October 24th. Finally, The Goldman Sachs Group dropped their price objective on shares of Boeing from $232.00 to $202.00 and set a "buy" rating for the company in a research report on Tuesday, September 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $192.21.

Boeing Price Performance

BA traded up $2.21 during trading on Friday, reaching $171.14. The company had a trading volume of 9,537,359 shares, compared to its average volume of 8,147,399. The business's fifty day moving average price is $162.76 and its 200 day moving average price is $165.00. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $217.59. The company has a market cap of $105.80 billion, a P/E ratio of -13.27 and a beta of 1.52.

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 analysts' expectations of $17.81 billion. The company's revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($3.26) earnings per share. As a group, sell-side analysts predict that The Boeing Company will post -16.43 EPS for the current fiscal year.

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.