Stockman Wealth Management Inc. Has $407,000 Stock Holdings in The Boeing Company (NYSE:BA)

Stockman Wealth Management Inc. lessened its position in The Boeing Company (NYSE:BA) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,563 shares of the aircraft producer’s stock after selling 64 shares during the quarter. Stockman Wealth Management Inc.’s holdings in Boeing were worth $407,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Trust Co. of Vermont grew its stake in Boeing by 1.0% during the third quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock worth $841,000 after purchasing an additional 45 shares during the period. Benchmark Financial Wealth Advisors LLC grew its stake in Boeing by 2.7% during the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock worth $465,000 after purchasing an additional 47 shares during the period. WealthPlan Investment Management LLC grew its stake in Boeing by 1.0% during the fourth quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock worth $1,229,000 after purchasing an additional 49 shares during the period. RB Capital Management LLC grew its stake in Boeing by 2.7% during the third quarter. RB Capital Management LLC now owns 1,893 shares of the aircraft producer’s stock worth $363,000 after purchasing an additional 50 shares during the period. Finally, M&R Capital Management Inc. grew its stake in Boeing by 35.0% during the fourth quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock worth $50,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Up 0.4 %

Boeing stock traded up $0.71 during mid-day trading on Monday, reaching $170.53. 4,705,913 shares of the company’s stock were exchanged, compared to its average volume of 9,638,274. The business’s fifty day simple moving average is $189.51 and its 200 day simple moving average is $207.32. The firm has a market capitalization of $104.05 billion, a PE ratio of -46.34, a P/E/G ratio of 134.48 and a beta of 1.52. The Boeing Company has a one year low of $167.53 and a one year high of $267.54.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The business had revenue of $22.02 billion for the quarter, compared to the consensus estimate of $21.14 billion. The business’s revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business posted ($1.75) earnings per share. On average, sell-side analysts forecast that The Boeing Company will post 0.32 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on BA shares. Barclays decreased their target price on Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a research note on Monday. Bank of America cut their price target on Boeing from $210.00 to $190.00 and set a “neutral” rating on the stock in a report on Thursday, April 11th. Melius Research reiterated a “hold” rating on shares of Boeing in a report on Monday, April 1st. Citigroup cut their price target on Boeing from $263.00 to $252.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. Finally, JPMorgan Chase & Co. cut their price target on Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a report on Friday, April 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and an average target price of $226.71.

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.