The Boeing Company (NYSE:BA) Stake Lessened by Wealthspire Advisors LLC

Wealthspire Advisors LLC trimmed its holdings in shares of The Boeing Company (NYSE:BA) by 0.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 14,833 shares of the aircraft producer’s stock after selling 133 shares during the quarter. Wealthspire Advisors LLC’s holdings in Boeing were worth $2,625,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. TCW Group Inc. bought a new stake in Boeing during the fourth quarter worth approximately $2,833,000. Carl P. Sherr & Co. LLC bought a new stake in Boeing during the fourth quarter worth approximately $866,000. Peregrine Asset Advisers Inc. boosted its holdings in Boeing by 55.7% during the fourth quarter. Peregrine Asset Advisers Inc. now owns 2,235 shares of the aircraft producer’s stock worth $396,000 after buying an additional 800 shares in the last quarter. Capital Advisory Group Advisory Services LLC bought a new stake in Boeing during the fourth quarter worth approximately $426,000. Finally, Transcend Capital Advisors LLC boosted its stake in Boeing by 1.3% in the 4th quarter. Transcend Capital Advisors LLC now owns 4,923 shares of the aircraft producer’s stock worth $871,000 after purchasing an additional 61 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BA has been the subject of a number of recent analyst reports. Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $195.00 to $169.00 in a research note on Wednesday, October 30th. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. raised their price objective on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Citigroup raised their price objective on shares of Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Finally, 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 research note on Wednesday, January 29th. Two equities research 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.com, Boeing currently has an average rating of “Moderate Buy” and a consensus price target of $195.16.

Insider Activity

In related news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the transaction, the executive vice president now owns 19,213 shares in the company, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.16% of the stock is owned by insiders.

Boeing Trading Down 2.0 %

Boeing stock opened at $177.34 on Monday. The company has a market capitalization of $133.02 billion, a P/E ratio of -9.68 and a beta of 1.52. The firm’s fifty day simple moving average is $176.74 and its 200-day simple moving average is $164.39. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $208.10.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter last year, the company posted ($0.47) EPS. On average, equities research analysts predict that The Boeing Company will post -2.58 earnings per share for the current year.

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.