Northwest Financial Advisors Sells 434 Shares of The Boeing Company (NYSE:BA)

Northwest Financial Advisors lowered its stake in The Boeing Company (NYSE:BA) by 26.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,235 shares of the aircraft producer’s stock after selling 434 shares during the quarter. Northwest Financial Advisors’ holdings in Boeing were worth $219,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. S. R. Schill & Associates lifted its holdings in Boeing by 6.7% during the fourth quarter. S. R. Schill & Associates now owns 3,337 shares of the aircraft producer’s stock valued at $591,000 after purchasing an additional 210 shares in the last quarter. Nilsine Partners LLC grew its holdings in Boeing by 5.5% during the 4th quarter. Nilsine Partners LLC now owns 11,832 shares of the aircraft producer’s stock valued at $2,094,000 after buying an additional 614 shares in the last quarter. Cherry Creek Investment Advisors Inc. purchased a new stake in Boeing during the fourth quarter valued at $1,536,000. Aurora Private Wealth Inc. purchased a new stake in shares of Boeing during the 4th quarter valued at about $282,000. Finally, Pacer Advisors Inc. boosted its holdings in shares of Boeing by 87.4% in the 4th quarter. Pacer Advisors Inc. now owns 81,307 shares of the aircraft producer’s stock worth $14,391,000 after purchasing an additional 37,909 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Trading Down 0.6 %

NYSE:BA opened at $175.09 on Tuesday. The firm has a market capitalization of $108.24 billion, a PE ratio of -13.57 and a beta of 1.52. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $214.63. The stock has a 50 day moving average of $166.42 and a 200-day moving average of $164.29.

Analyst Ratings Changes

A number of brokerages recently issued reports on BA. TD Cowen decreased their price target on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft increased their price objective on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Susquehanna cut their price target on shares of Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research note on Thursday, October 24th. Finally, Sanford C. Bernstein downgraded Boeing from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $192.11.

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.