Bryn Mawr Capital Management LLC Has $1.54 Million Stock Position in The Boeing Company (NYSE:BA)

Bryn Mawr Capital Management LLC lowered its position in The Boeing Company (NYSE:BA) by 53.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 5,891 shares of the aircraft producer’s stock after selling 6,845 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Boeing were worth $1,536,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of BA. CNB Bank lifted its position in shares of Boeing by 106.5% in the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after acquiring an additional 66 shares during the period. Evolution Advisers Inc. bought a new stake in shares of Boeing in the 4th quarter worth approximately $28,000. Lowe Wealth Advisors LLC bought a new stake in shares of Boeing in the 3rd quarter worth approximately $43,000. Naples Money Management LLC bought a new stake in shares of Boeing in the 4th quarter worth approximately $44,000. Finally, Blue Bell Private Wealth Management LLC lifted its position in shares of Boeing by 66.2% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 236 shares of the aircraft producer’s stock worth $45,000 after acquiring an additional 94 shares during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 0.3 %

Shares of Boeing stock opened at $167.26 on Friday. The Boeing Company has a 12 month low of $159.70 and a 12 month high of $267.54. The business has a fifty day simple moving average of $186.53 and a 200 day simple moving average of $206.46.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, topping the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($1.75) earnings per share. As a group, equities research analysts expect that The Boeing Company will post 0.3 EPS for the current fiscal year.

Analyst Ratings Changes

BA has been the subject of several analyst reports. Sanford C. Bernstein cut their target price on Boeing from $272.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, April 8th. Wells Fargo & Company cut their target price on Boeing from $225.00 to $215.00 and set an “equal weight” rating for the company in a research report on Thursday, February 1st. Melius Research reaffirmed a “hold” rating on shares of Boeing in a report on Monday, April 1st. JPMorgan Chase & Co. dropped their price target on Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on Boeing from $240.00 to $225.00 and set a “buy” rating for the company in a research note on Thursday. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $222.41.

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.