Wealthspire Advisors LLC Decreases Stake in The Boeing Company (NYSE:BA)

Wealthspire Advisors LLC reduced its position in The Boeing Company (NYSE:BA) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,833 shares of the aircraft producer’s stock after selling 133 shares during the period. Wealthspire Advisors LLC’s holdings in Boeing were worth $2,625,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new position in Boeing in the 4th quarter valued at about $26,000. Sugar Maple Asset Management LLC purchased a new position in Boeing in the 4th quarter valued at about $27,000. RPg Family Wealth Advisory LLC purchased a new position in Boeing in the 3rd quarter valued at about $28,000. Fiduciary Advisors Inc. purchased a new position in Boeing in the 4th quarter valued at about $28,000. Finally, HighMark Wealth Management LLC lifted its position in shares of Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after purchasing an additional 90 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Trading Down 2.0 %

Shares of NYSE:BA opened at $177.34 on Monday. The firm’s 50 day moving average is $176.74 and its two-hundred day moving average is $164.39. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $208.10. The firm has a market capitalization of $133.02 billion, a P/E ratio of -9.68 and a beta of 1.52.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the prior year, the business posted ($0.47) EPS. Analysts predict that The Boeing Company will post -2.58 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. UBS Group increased their price target on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of Boeing in a research report on Wednesday, January 29th. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Susquehanna increased their price target on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Finally, Citigroup increased their price target on shares of Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research report on Monday, February 10th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

Insider Buying and Selling at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the transaction, the executive vice president now directly owns 19,213 shares in the company, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.16% of the stock is owned by company insiders.

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.