The Boeing Company (NYSE:BA) Stake Reduced by HCR Wealth Advisors

HCR Wealth Advisors trimmed its position in The Boeing Company (NYSE:BA) by 1.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,267 shares of the aircraft producer’s stock after selling 222 shares during the period. HCR Wealth Advisors’ holdings in Boeing were worth $3,410,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. RPg Family Wealth Advisory LLC acquired a new stake in shares of Boeing during the third quarter worth approximately $28,000. Cedar Wealth Management LLC acquired a new stake in shares of Boeing during the 3rd quarter valued at $30,000. Kiely Wealth Advisory Group Inc. purchased a new position in shares of Boeing during the 2nd quarter valued at $33,000. Planning Capital Management Corp lifted its stake in Boeing by 741.0% in the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after acquiring an additional 289 shares during the last quarter. Finally, Truvestments Capital LLC acquired a new stake in shares of Boeing in the third quarter worth about $58,000. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Down 0.5 %

Boeing stock opened at $166.25 on Thursday. The company has a market capitalization of $102.78 billion, a price-to-earnings ratio of -12.89 and a beta of 1.52. The stock’s 50 day moving average is $162.02 and its 200-day moving average is $164.97. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $217.59.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter last year, the company posted ($3.26) earnings per share. Boeing’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, equities research analysts predict that The Boeing Company will post -16.18 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BA. DZ Bank downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research note on Tuesday, October 15th. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Susquehanna lowered their target price on Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research note on Thursday, October 24th. The Goldman Sachs Group dropped their price objective on shares of Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Finally, Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and an average price target of $192.21.

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.