Avior Wealth Management LLC Decreases Stock Position in The Boeing Company (NYSE:BA)

Avior Wealth Management LLC decreased its holdings in shares of The Boeing Company (NYSE:BA) by 1.3% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 62,594 shares of the aircraft producer’s stock after selling 847 shares during the period. Avior Wealth Management LLC’s holdings in Boeing were worth $11,079,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Teamwork Financial Advisors LLC acquired a new position in shares of Boeing in the 4th quarter valued at $1,541,000. Raleigh Capital Management Inc. grew its stake in Boeing by 61.2% during the 4th quarter. Raleigh Capital Management Inc. now owns 366 shares of the aircraft producer’s stock valued at $65,000 after purchasing an additional 139 shares during the last quarter. Independent Wealth Network Inc. increased its holdings in shares of Boeing by 35.3% in the fourth quarter. Independent Wealth Network Inc. now owns 4,701 shares of the aircraft producer’s stock valued at $832,000 after purchasing an additional 1,226 shares during the period. SG Americas Securities LLC raised its stake in shares of Boeing by 103.1% in the fourth quarter. SG Americas Securities LLC now owns 7,941 shares of the aircraft producer’s stock worth $1,406,000 after purchasing an additional 265,902 shares during the last quarter. Finally, Marino Stram & Associates LLC acquired a new stake in shares of Boeing during the fourth quarter worth about $209,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Down 0.4 %

BA opened at $174.87 on Thursday. The company has a market cap of $108.11 billion, a PE ratio of -13.56 and a beta of 1.52. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $217.59. The company has a 50-day moving average price of $164.90 and a 200 day moving average price of $164.53.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. Boeing’s revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($3.26) earnings per share. As a group, sell-side analysts expect that The Boeing Company will post -16.36 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Morgan Stanley cut their price objective on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. Citigroup decreased their target price on shares of Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. decreased their price objective on Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a report on Monday, November 25th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.21.

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.