Mosaic Family Wealth Partners LLC Sells 19,660 Shares of The Boeing Company (NYSE:BA)

Mosaic Family Wealth Partners LLC trimmed its position in The Boeing Company (NYSE:BA) by 79.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,936 shares of the aircraft producer’s stock after selling 19,660 shares during the period. Mosaic Family Wealth Partners LLC’s holdings in Boeing were worth $953,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its holdings in Boeing by 36.5% during the first quarter. EverSource Wealth Advisors LLC now owns 5,730 shares of the aircraft producer’s stock worth $1,106,000 after acquiring an additional 1,532 shares in the last quarter. Cacti Asset Management LLC raised its holdings in Boeing by 20.5% during the first quarter. Cacti Asset Management LLC now owns 220,419 shares of the aircraft producer’s stock worth $42,539,000 after acquiring an additional 37,504 shares in the last quarter. Pathway Financial Advisers LLC bought a new stake in Boeing during the first quarter worth about $53,000. Soltis Investment Advisors LLC raised its holdings in Boeing by 0.6% during the first quarter. Soltis Investment Advisors LLC now owns 24,409 shares of the aircraft producer’s stock worth $4,711,000 after acquiring an additional 146 shares in the last quarter. Finally, Alexander Labrunerie & CO. Inc. bought a new stake in Boeing during the first quarter worth about $559,000. Institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. StockNews.com lowered Boeing from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Royal Bank of Canada dropped their price objective on Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 16th. Wells Fargo & Company dropped their price objective on Boeing from $190.00 to $185.00 and set an “equal weight” rating on the stock in a research note on Friday. Argus lowered Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Finally, UBS Group dropped their price objective on Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Boeing presently has an average rating of “Moderate Buy” and an average target price of $215.65.

Boeing Price Performance

NYSE:BA traded down $8.36 during trading hours on Friday, reaching $169.95. 11,742,812 shares of the company were exchanged, compared to its average volume of 6,374,948. The company has a market capitalization of $104.72 billion, a P/E ratio of -47.87 and a beta of 1.56. The Boeing Company has a 1-year low of $159.70 and a 1-year high of $267.54. The business has a 50 day moving average of $181.87 and a 200 day moving average of $187.28.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The company had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. Boeing’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.82) earnings per share. As a group, equities research analysts anticipate that The Boeing Company will post -2.38 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.