Icon Wealth Advisors LLC Has $223,000 Stock Holdings in The Boeing Company (NYSE:BA)

Icon Wealth Advisors LLC decreased its stake in The Boeing Company (NYSE:BA) by 56.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,467 shares of the aircraft producer’s stock after selling 1,901 shares during the period. Icon Wealth Advisors LLC’s holdings in Boeing were worth $223,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. LRI Investments LLC bought a new position in Boeing in the first quarter valued at about $136,000. Transcendent Capital Group LLC raised its holdings in Boeing by 46.0% in the 1st quarter. Transcendent Capital Group LLC now owns 365 shares of the aircraft producer’s stock valued at $70,000 after buying an additional 115 shares during the last quarter. Earnest Partners LLC boosted its position in Boeing by 5.8% during the 1st quarter. Earnest Partners LLC now owns 2,106 shares of the aircraft producer’s stock worth $406,000 after buying an additional 116 shares during the period. Waverly Advisors LLC grew its holdings in Boeing by 37.2% during the 1st quarter. Waverly Advisors LLC now owns 11,649 shares of the aircraft producer’s stock worth $2,248,000 after acquiring an additional 3,160 shares during the last quarter. Finally, Kodai Capital Management LP increased its position in Boeing by 24.5% in the 1st quarter. Kodai Capital Management LP now owns 92,496 shares of the aircraft producer’s stock valued at $17,851,000 after acquiring an additional 18,174 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BA. Jefferies Financial Group cut their price target on shares of Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research report on Wednesday, October 30th. Robert W. Baird decreased their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. UBS Group cut their price objective on Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Boeing from $235.00 to $195.00 and set an “overweight” rating for the company in a research report on Monday, October 14th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $190.37.

Boeing Stock Up 4.1 %

Shares of NYSE:BA opened at $149.29 on Friday. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $267.54. The stock’s 50 day moving average is $151.70 and its 200-day moving average is $168.36. The firm has a market capitalization of $92.29 billion, a price-to-earnings ratio of -11.57 and a beta of 1.57.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter last year, the firm posted ($3.26) EPS. The company’s revenue was down 1.5% on a year-over-year basis. Equities research analysts anticipate that The Boeing Company will post -16.2 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.