Marble Harbor Investment Counsel LLC Has $495,000 Holdings in The Boeing Company (NYSE:BA)

Key Points

• Marble Harbor Investment Counsel LLC reduced its stake in The Boeing Company by 28.4%, now holding 2,900 shares valued at approximately $495,000.
• Boeing reported a quarterly loss of ($1.24) earnings per share, falling short of expectations, despite a revenue increase to $22.75 billion.
• UBS Group and several other brokerages have set target prices for Boeing's stock, with estimates ranging from $228.90 to $280.00 and a consensus rating of "Moderate Buy".

Marble Harbor Investment Counsel LLC trimmed its position in The Boeing Company (NYSE:BA - Free Report) by 28.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,900 shares of the aircraft producer's stock after selling 1,150 shares during the period. Marble Harbor Investment Counsel LLC's holdings in Boeing were worth $495,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of BA. Revolve Wealth Partners LLC acquired a new stake in shares of Boeing during the 4th quarter worth approximately $201,000. Bank Pictet & Cie Europe AG acquired a new stake in shares of Boeing during the 4th quarter worth approximately $7,837,000. World Investment Advisors increased its holdings in shares of Boeing by 62.4% during the 4th quarter. World Investment Advisors now owns 8,741 shares of the aircraft producer's stock worth $1,547,000 after buying an additional 3,360 shares during the last quarter. Solstein Capital LLC acquired a new stake in Boeing in the 4th quarter valued at approximately $33,000. Finally, Pioneer Trust Bank N A OR increased its holdings in Boeing by 20.5% in the 4th quarter. Pioneer Trust Bank N A OR now owns 2,350 shares of the aircraft producer's stock valued at $416,000 after purchasing an additional 400 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BA has been the subject of several research reports. Redburn Atlantic upgraded shares of Boeing from a "hold" rating to a "strong-buy" rating and lifted their target price for the company from $180.00 to $275.00 in a report on Friday, June 27th. Barclays raised their price target on shares of Boeing from $210.00 to $255.00 and gave the company an "overweight" rating in a research report on Tuesday, July 29th. Susquehanna lifted their price objective on shares of Boeing from $265.00 to $270.00 and gave the stock a "positive" rating in a research report on Wednesday, July 30th. Bank of America lifted their price objective on shares of Boeing from $260.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday. Finally, UBS Group set a $280.00 price target on shares of Boeing and gave the company a "buy" rating in a research report on Wednesday, July 30th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $228.90.

Insiders Place Their Bets

In other Boeing news, EVP Jeffrey S. Shockey sold 3,205 shares of the business's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $202.87, for a total value of $650,198.35. Following the sale, the executive vice president owned 20,513 shares of the company's stock, valued at $4,161,472.31. The trade was a 13.51% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Brendan J. Nelson sold 640 shares of the business's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total transaction of $132,019.20. Following the completion of the sale, the senior vice president directly owned 13,258 shares in the company, valued at $2,734,860.24. This trade represents a 4.60% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.09% of the company's stock.

Boeing Stock Performance

Shares of BA stock traded up $1.78 during trading on Tuesday, hitting $224.12. 2,406,772 shares of the company were exchanged, compared to its average volume of 8,567,136. The firm has a market capitalization of $169.47 billion, a price-to-earnings ratio of -13.57 and a beta of 1.48. The business's 50-day simple moving average is $215.62 and its 200 day simple moving average is $189.33. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $242.69.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share for the quarter, missing analysts' consensus estimates of ($0.92) by ($0.32). The firm had revenue of $22.75 billion for the quarter, compared to analyst estimates of $20.13 billion. During the same period last year, the firm earned ($2.90) EPS. The company's revenue was up 34.9% compared to the same quarter last year. On average, equities analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Boeing 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.