The Boeing Company (NYSE:BA) Shares Sold by Baker Tilly Wealth Management LLC

Baker Tilly Wealth Management LLC lessened its position in The Boeing Company (NYSE:BA) by 3.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,893 shares of the aircraft producer’s stock after selling 360 shares during the period. Boeing makes up 0.8% of Baker Tilly Wealth Management LLC’s portfolio, making the stock its 27th biggest position. Baker Tilly Wealth Management LLC’s holdings in Boeing were worth $1,928,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. IMS Capital Management raised its stake in Boeing by 0.4% in the second quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer’s stock valued at $2,759,000 after purchasing an additional 62 shares in the last quarter. Sterneck Capital Management LLC raised its position in shares of Boeing by 2.3% in the 4th quarter. Sterneck Capital Management LLC now owns 2,992 shares of the aircraft producer’s stock valued at $530,000 after buying an additional 66 shares in the last quarter. Peoples Financial Services CORP. boosted its position in shares of Boeing by 0.8% during the 3rd quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer’s stock worth $1,352,000 after acquiring an additional 67 shares in the last quarter. Altus Wealth Group LLC lifted its stake in Boeing by 5.7% during the third quarter. Altus Wealth Group LLC now owns 1,325 shares of the aircraft producer’s stock worth $201,000 after purchasing an additional 71 shares during the last quarter. Finally, Hancock Whitney Corp boosted its holdings in shares of Boeing by 1.0% in the 2nd quarter. Hancock Whitney Corp now owns 7,582 shares of the aircraft producer’s stock valued at $1,380,000 after purchasing an additional 72 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Susquehanna decreased their target price 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. Morgan Stanley lowered their target price on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lifted their price target on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating on the stock in a report on Monday, November 25th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $192.21.

Boeing Stock Down 1.4 %

BA traded down $2.34 during trading hours on Friday, hitting $169.42. The stock had a trading volume of 1,706,709 shares, compared to its average volume of 7,942,125. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $228.28. The company’s fifty day simple moving average is $161.04 and its 200 day simple moving average is $165.37. The stock has a market cap of $104.74 billion, a PE ratio of -13.13 and a beta of 1.52.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter last year, the firm earned ($3.26) earnings per share. Boeing’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, equities analysts expect that The Boeing Company will post -16.18 EPS for the current year.

Boeing 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.