Coho Partners Ltd. Trims Stake in The Boeing Company (NYSE:BA)

Coho Partners Ltd. decreased its holdings in shares of The Boeing Company (NYSE:BA – Get Rating) by 63.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,958 shares of the aircraft producer’s stock after selling 7,000 shares during the quarter. Coho Partners Ltd.’s holdings in Boeing were worth $754,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. McElhenny Sheffield Capital Management LLC purchased a new position in Boeing during the 4th quarter valued at $48,000. Arkadios Wealth Advisors increased its stake in Boeing by 16.0% in the fourth quarter. Arkadios Wealth Advisors now owns 20,448 shares of the aircraft producer’s stock worth $3,895,000 after purchasing an additional 2,826 shares during the period. Accurate Wealth Management LLC purchased a new stake in Boeing in the fourth quarter worth $280,000. Platform Technology Partners increased its stake in Boeing by 3.4% in the fourth quarter. Platform Technology Partners now owns 5,071 shares of the aircraft producer’s stock worth $966,000 after purchasing an additional 166 shares during the period. Finally, Foundations Investment Advisors LLC increased its stake in Boeing by 6.6% in the fourth quarter. Foundations Investment Advisors LLC now owns 7,891 shares of the aircraft producer’s stock worth $1,503,000 after purchasing an additional 489 shares during the period. Institutional investors own 57.07% of the company’s stock.

Analyst Upgrades and Downgrades

BA has been the topic of a number of recent analyst reports. Northcoast Research initiated coverage on Boeing in a research note on Thursday. They issued a “neutral” rating on the stock. StockNews.com began coverage on Boeing in a research note on Thursday. They issued a “hold” rating on the stock. Credit Suisse Group set a $200.00 price target on Boeing in a research report on Thursday, January 26th. Bank of America lifted their price objective on Boeing from $165.00 to $190.00 and gave the company a “neutral” rating in a report on Wednesday, December 7th. Finally, Susquehanna boosted their price target on shares of Boeing from $185.00 to $217.00 and gave the company a “positive” rating in a report on Wednesday, December 14th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $225.13.

Boeing Trading Down 1.1 %

Shares of BA opened at $201.05 on Friday. The Boeing Company has a 12 month low of $113.02 and a 12 month high of $221.33. The stock has a fifty day moving average price of $209.05 and a 200-day moving average price of $178.03.

Boeing (NYSE:BA – Get Rating) last issued its quarterly earnings results on Wednesday, January 25th. The aircraft producer reported ($1.75) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($1.80). The business had revenue of $19.98 billion during the quarter, compared to analyst estimates of $20.10 billion. During the same period in the previous year, the company posted ($7.69) earnings per share. The business’s quarterly revenue was up 35.1% on a year-over-year basis. As a group, analysts forecast that The Boeing Company will post 0.74 earnings per share for the current year.

Boeing Profile

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The Boeing Co is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space, and security systems. It operates through the following segments: Commercial Airplanes (BCA), Defense, Space and Security (BDS), Global Services (BGS), and Boeing Capital (BCC). The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide.