Resonant Capital Advisors LLC Has $616,000 Stake in The Boeing Company (NYSE:BA)

Resonant Capital Advisors LLC trimmed its stake in The Boeing Company (NYSE:BA) by 16.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,479 shares of the aircraft producer’s stock after selling 662 shares during the period. Resonant Capital Advisors LLC’s holdings in Boeing were worth $616,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Financial Partners Group Inc acquired a new stake in Boeing in the 4th quarter worth $203,000. Princeton Global Asset Management LLC lifted its holdings in shares of Boeing by 106.2% during the 4th quarter. Princeton Global Asset Management LLC now owns 1,326 shares of the aircraft producer’s stock worth $235,000 after acquiring an additional 683 shares during the period. Adamsbrown Wealth Consultants LLC lifted its holdings in shares of Boeing by 10.7% during the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 2,439 shares of the aircraft producer’s stock worth $432,000 after acquiring an additional 235 shares during the period. Valley National Advisers Inc. lifted its holdings in shares of Boeing by 4.4% during the 4th quarter. Valley National Advisers Inc. now owns 1,742 shares of the aircraft producer’s stock worth $308,000 after acquiring an additional 73 shares during the period. Finally, McAdam LLC lifted its holdings in shares of Boeing by 31.0% during the 4th quarter. McAdam LLC now owns 2,466 shares of the aircraft producer’s stock worth $437,000 after acquiring an additional 583 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Price Performance

Shares of NYSE:BA opened at $175.95 on Tuesday. The Boeing Company has a one year low of $137.03 and a one year high of $213.77. The company has a 50 day moving average of $169.50 and a 200-day moving average of $164.05. The stock has a market cap of $108.77 billion, a price-to-earnings ratio of -9.60 and a beta of 1.52.

Boeing (NYSE:BA) last issued 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 period in the prior year, the business posted ($0.47) EPS. Equities research analysts anticipate that The Boeing Company will post -2.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

BA has been the subject of a number of analyst reports. TD Cowen reduced their price objective on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. UBS Group raised their price objective on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Susquehanna raised their price objective on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. lifted their price target on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Finally, Citigroup cut their price target on shares of Boeing from $209.00 to $207.00 and set a “buy” rating for the company in a report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $195.00.

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.