EP Wealth Advisors LLC Sells 597 Shares of The Boeing Company (NYSE:BA)

EP Wealth Advisors LLC trimmed its holdings in The Boeing Company (NYSE:BA) by 1.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,502 shares of the aircraft producer’s stock after selling 597 shares during the quarter. EP Wealth Advisors LLC’s holdings in Boeing were worth $7,044,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of BA. Strategic Blueprint LLC lifted its position in Boeing by 8.7% in the fourth quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock worth $859,000 after purchasing an additional 264 shares during the period. U.S. Capital Wealth Advisors LLC raised its stake in Boeing by 41.5% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 15,761 shares of the aircraft producer’s stock worth $4,108,000 after acquiring an additional 4,622 shares in the last quarter. Orca Investment Management LLC raised its stake in Boeing by 5.5% during the fourth quarter. Orca Investment Management LLC now owns 3,772 shares of the aircraft producer’s stock worth $983,000 after acquiring an additional 195 shares in the last quarter. One Charles Private Wealth Services LLC acquired a new position in Boeing during the fourth quarter worth $205,000. Finally, J.W. Cole Advisors Inc. increased its stake in shares of Boeing by 5.8% in the fourth quarter. J.W. Cole Advisors Inc. now owns 29,133 shares of the aircraft producer’s stock valued at $7,594,000 after buying an additional 1,596 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BA has been the subject of a number of research reports. Northcoast Research lowered Boeing from a “neutral” rating to a “sell” rating and set a $140.00 target price for the company. in a research note on Wednesday, April 17th. Susquehanna reiterated a “positive” rating and issued a $230.00 price objective on shares of Boeing in a research report on Wednesday, May 15th. Bank of America lifted their price objective on Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, June 13th. Sanford C. Bernstein cut their price objective on Boeing from $230.00 to $215.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. Finally, Barclays cut their price objective on Boeing from $235.00 to $190.00 and set an “equal weight” rating on the stock in a report on Monday, April 22nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Boeing has an average rating of “Moderate Buy” and an average target price of $220.89.

Boeing Price Performance

Shares of BA stock traded up $2.58 on Friday, hitting $186.93. 4,939,286 shares of the company’s stock were exchanged, compared to its average volume of 8,150,090. The Boeing Company has a 12 month low of $159.70 and a 12 month high of $267.54. The stock has a market cap of $114.75 billion, a P/E ratio of -52.50 and a beta of 1.56. The company has a 50 day moving average of $181.70 and a 200 day moving average of $189.05.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.43) by $0.30. The firm had revenue of $16.57 billion during the quarter, compared to analyst estimates of $17.69 billion. Sell-side analysts predict that The Boeing Company will post -2.27 EPS 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.