Oder Investment Management LLC Reduces Stock Position in The Boeing Company (NYSE:BA)

Oder Investment Management LLC cut its stake in The Boeing Company (NYSE:BAGet Rating) by 5.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,465 shares of the aircraft producer’s stock after selling 81 shares during the period. Oder Investment Management LLC’s holdings in Boeing were worth $295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the company. All Terrain Financial Advisors LLC increased its position in shares of Boeing by 5.4% in the 3rd quarter. All Terrain Financial Advisors LLC now owns 975 shares of the aircraft producer’s stock worth $214,000 after purchasing an additional 50 shares during the last quarter. Karn Couzens & Associates Inc. increased its position in shares of Boeing by 3.4% in the 4th quarter. Karn Couzens & Associates Inc. now owns 1,534 shares of the aircraft producer’s stock worth $309,000 after purchasing an additional 50 shares during the last quarter. Alpha Omega Group Inc. increased its position in shares of Boeing by 4.2% in the 4th quarter. Alpha Omega Group Inc. now owns 1,248 shares of the aircraft producer’s stock worth $251,000 after purchasing an additional 50 shares during the last quarter. CKW Financial Group grew its position in shares of Boeing by 25.0% during the 4th quarter. CKW Financial Group now owns 250 shares of the aircraft producer’s stock valued at $50,000 after buying an additional 50 shares during the last quarter. Finally, Trust Investment Advisors grew its position in shares of Boeing by 1.7% during the 4th quarter. Trust Investment Advisors now owns 3,132 shares of the aircraft producer’s stock valued at $631,000 after buying an additional 52 shares during the last quarter. Institutional investors and hedge funds own 53.96% of the company’s stock.

A number of brokerages recently weighed in on BA. Zacks Investment Research downgraded shares of Boeing from a “hold” rating to a “strong sell” rating and set a $163.00 price objective for the company. in a research report on Friday, April 1st. Wells Fargo & Company lowered their price objective on shares of Boeing from $250.00 to $214.00 in a research report on Thursday, April 28th. StockNews.com downgraded shares of Boeing from a “hold” rating to a “sell” rating in a research report on Friday, May 6th. Susquehanna lowered their price objective on shares of Boeing from $243.00 to $193.00 in a research report on Thursday, April 28th. Finally, The Goldman Sachs Group set a $300.00 target price on shares of Boeing and gave the stock a “buy” rating in a research report on Wednesday, January 26th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $225.90.

BA stock traded up $7.96 on Tuesday, hitting $132.01. 537,281 shares of the company’s stock traded hands, compared to its average volume of 11,691,148. The Boeing Company has a 1-year low of $120.28 and a 1-year high of $258.40. The stock has a market cap of $78.10 billion, a price-to-earnings ratio of -15.96 and a beta of 1.47. The stock has a fifty day moving average of $171.87 and a 200-day moving average of $194.80.

Boeing (NYSE:BAGet Rating) last released its earnings results on Wednesday, April 27th. The aircraft producer reported ($2.75) EPS for the quarter, missing the consensus estimate of ($0.27) by ($2.48). The company had revenue of $13.99 billion for the quarter, compared to analyst estimates of $15.90 billion. During the same period in the previous year, the company posted ($1.53) earnings per share. Boeing’s revenue was down 8.1% on a year-over-year basis. On average, equities analysts expect that The Boeing Company will post -0.12 EPS for the current year.

About Boeing (Get Rating)

The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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