Good Life Advisors LLC Sells 590 Shares of The Boeing Company (NYSE:BA)

Good Life Advisors LLC trimmed its holdings in shares of The Boeing Company (NYSE:BA) by 7.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,396 shares of the aircraft producer’s stock after selling 590 shares during the quarter. Good Life Advisors LLC’s holdings in Boeing were worth $1,309,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BA. Sierra Ocean LLC bought a new position in shares of Boeing during the fourth quarter worth about $26,000. Sugar Maple Asset Management LLC bought a new position in Boeing during the 4th quarter worth approximately $27,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Boeing in the 3rd quarter worth approximately $28,000. Fiduciary Advisors Inc. bought a new stake in shares of Boeing in the 4th quarter valued at $28,000. Finally, HighMark Wealth Management LLC increased 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 buying an additional 90 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Performance

NYSE:BA opened at $186.20 on Thursday. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $208.10. The stock has a fifty day moving average of $176.32 and a 200 day moving average of $164.20. The firm has a market capitalization of $139.66 billion, a price-to-earnings ratio of -10.16 and a beta of 1.52.

Boeing (NYSE:BA) last posted its quarterly earnings data 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 in the previous year, the firm posted ($0.47) earnings per share. Equities analysts forecast that The Boeing Company will post -2.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on BA shares. Citigroup boosted their target price on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a report on Monday, February 10th. Susquehanna upped their target price on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. lifted their target price on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. UBS Group increased their price target on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Finally, Wells Fargo & Company lifted their price objective on shares of Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $195.16.

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.