Etesian Wealth Advisors Inc. Has $782,000 Position in The Boeing Company (NYSE:BA)

Etesian Wealth Advisors Inc. lowered its holdings in The Boeing Company (NYSE:BA) by 10.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,415 shares of the aircraft producer’s stock after selling 495 shares during the period. Etesian Wealth Advisors Inc.’s holdings in Boeing were worth $782,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Financial Advocates Investment Management boosted its position in Boeing by 8.2% during the 4th quarter. Financial Advocates Investment Management now owns 32,541 shares of the aircraft producer’s stock worth $5,760,000 after acquiring an additional 2,474 shares during the period. State of Alaska Department of Revenue lifted its position in shares of Boeing by 25.3% in the fourth quarter. State of Alaska Department of Revenue now owns 85,254 shares of the aircraft producer’s stock worth $15,089,000 after purchasing an additional 17,240 shares in the last quarter. Private Wealth Management Group LLC boosted its holdings in shares of Boeing by 35.1% during the fourth quarter. Private Wealth Management Group LLC now owns 789 shares of the aircraft producer’s stock worth $140,000 after purchasing an additional 205 shares during the period. Bleakley Financial Group LLC grew its position in Boeing by 0.8% during the fourth quarter. Bleakley Financial Group LLC now owns 14,921 shares of the aircraft producer’s stock valued at $2,641,000 after purchasing an additional 119 shares in the last quarter. Finally, Trilogy Capital Inc. acquired a new position in Boeing in the 4th quarter valued at approximately $211,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on BA. Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $195.00 to $169.00 in a research note on Wednesday, October 30th. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Benchmark reiterated a “buy” rating and set a $250.00 price target on shares of Boeing in a report on Thursday, October 24th. Citigroup dropped their price objective on Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Finally, Morgan Stanley reduced their target price on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $195.00.

Boeing Stock Up 3.2 %

BA opened at $181.80 on Thursday. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $213.77. The firm has a market capitalization of $112.39 billion, a P/E ratio of -9.92 and a beta of 1.52. The stock’s 50 day moving average price is $170.47 and its two-hundred day moving average price is $164.00.

Boeing (NYSE:BA) last announced its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period last year, the company earned ($0.47) EPS. As a group, analysts anticipate that The Boeing Company will post -2.12 earnings per share for the current year.

Boeing Company 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.