SOA Wealth Advisors LLC. Lowers Position in The Boeing Company (NYSE:BA)

SOA Wealth Advisors LLC. trimmed its position in shares of The Boeing Company (NYSE:BA) by 9.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,813 shares of the aircraft producer’s stock after selling 188 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in Boeing were worth $321,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Appleton Partners Inc. MA increased its holdings in Boeing by 11.7% in the fourth quarter. Appleton Partners Inc. MA now owns 1,848 shares of the aircraft producer’s stock valued at $327,000 after buying an additional 193 shares in the last quarter. Platform Technology Partners increased its stake in shares of Boeing by 31.5% in the 4th quarter. Platform Technology Partners now owns 16,120 shares of the aircraft producer’s stock valued at $2,853,000 after purchasing an additional 3,865 shares in the last quarter. Slocum Gordon & Co LLP acquired a new position in Boeing in the 4th quarter worth about $101,000. Realta Investment Advisors boosted its position in Boeing by 115.7% during the fourth quarter. Realta Investment Advisors now owns 3,235 shares of the aircraft producer’s stock worth $550,000 after purchasing an additional 1,735 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in Boeing in the fourth quarter valued at approximately $672,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on BA. Susquehanna upped their target price on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Morgan Stanley decreased their price objective on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Citigroup cut their target price on shares of Boeing from $209.00 to $207.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Finally, TD Cowen cut their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Boeing has an average rating of “Moderate Buy” and an average price target of $195.00.

Boeing Price Performance

Boeing stock opened at $181.51 on Friday. The firm has a 50 day simple moving average of $171.70 and a 200-day simple moving average of $164.27. The stock has a market cap of $112.21 billion, a price-to-earnings ratio of -9.91 and a beta of 1.52. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $213.10.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the prior year, the firm posted ($0.47) earnings per share. Equities analysts expect that The Boeing Company will post -2.12 earnings per share for the current fiscal year.

Boeing Company 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.