Pure Financial Advisors LLC Sells 1,697 Shares of The Boeing Company (NYSE:BA)

Pure Financial Advisors LLC trimmed its position in shares of The Boeing Company (NYSE:BA) by 20.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,593 shares of the aircraft producer’s stock after selling 1,697 shares during the quarter. Pure Financial Advisors LLC’s holdings in Boeing were worth $1,167,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of BA. CMH Wealth Management LLC grew its position in Boeing by 71.3% during the fourth quarter. CMH Wealth Management LLC now owns 56,167 shares of the aircraft producer’s stock valued at $9,942,000 after buying an additional 23,372 shares during the period. Mitchell Mcleod Pugh & Williams Inc. grew its position in shares of Boeing by 1.7% during the 4th quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 4,843 shares of the aircraft producer’s stock valued at $857,000 after acquiring an additional 82 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in shares of Boeing by 7.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,916 shares of the aircraft producer’s stock worth $516,000 after purchasing an additional 214 shares in the last quarter. UMB Bank n.a. raised its holdings in Boeing by 0.5% in the 4th quarter. UMB Bank n.a. now owns 19,165 shares of the aircraft producer’s stock worth $3,392,000 after purchasing an additional 100 shares during the period. Finally, Diversify Wealth Management LLC lifted its position in Boeing by 17.8% during the fourth quarter. Diversify Wealth Management LLC now owns 6,939 shares of the aircraft producer’s stock valued at $1,194,000 after purchasing an additional 1,050 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Stock Up 2.7 %

NYSE BA opened at $175.63 on Wednesday. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $217.59. The firm has a market capitalization of $108.58 billion, a price-to-earnings ratio of -13.61 and a beta of 1.52. The company has a fifty day moving average of $163.59 and a two-hundred day moving average of $164.52.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the prior year, the business earned ($3.26) earnings per share. Boeing’s revenue for the quarter was down 1.5% compared to the same quarter last year. Equities research analysts anticipate that The Boeing Company will post -16.43 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on BA. TD Cowen decreased their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Citigroup decreased their target price on shares of Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. JPMorgan Chase & Co. reduced their price objective on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a research note on Monday, November 25th. Robert W. Baird lowered their target price on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and a consensus target price of $192.21.

About Boeing

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.