Focus Financial Network Inc. Sells 885 Shares of The Boeing Company (NYSE:BA)

Focus Financial Network Inc. lowered its stake in shares of The Boeing Company (NYSE:BA) by 6.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,153 shares of the aircraft producer’s stock after selling 885 shares during the quarter. Focus Financial Network Inc.’s holdings in Boeing were worth $2,151,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Sugar Maple Asset Management LLC purchased a new position in Boeing in the fourth quarter worth $27,000. RPg Family Wealth Advisory LLC purchased a new position in Boeing in the third quarter worth $28,000. Fiduciary Advisors Inc. purchased a new position in Boeing in the fourth quarter worth $28,000. Cedar Wealth Management LLC purchased a new position in Boeing in the third quarter worth $30,000. Finally, Heck Capital Advisors LLC purchased a new position in shares of Boeing during the 4th quarter valued at $33,000. Institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

BA has been the topic of a number of recent research reports. UBS Group upped their price target on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft upped their price target on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. upped their price target on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $195.16.

Boeing Stock Down 0.0 %

Shares of NYSE BA opened at $180.51 on Wednesday. The firm has a market capitalization of $135.39 billion, a P/E ratio of -9.85 and a beta of 1.52. The stock’s 50-day simple moving average is $172.70 and its two-hundred day simple moving average is $163.99. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $209.80.

Boeing (NYSE:BA) last announced its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period last year, the company posted ($0.47) earnings per share. As a group, research analysts anticipate that The Boeing Company will post -2.3 EPS for the current fiscal year.

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.