Robertson Stephens Wealth Management LLC Sells 2,277 Shares of The Boeing Company (NYSE:BA)

Robertson Stephens Wealth Management LLC decreased its position in The Boeing Company (NYSE:BA) by 13.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,047 shares of the aircraft producer’s stock after selling 2,277 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Boeing were worth $2,486,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Sugar Maple Asset Management LLC acquired a new position in Boeing in the fourth quarter valued at about $27,000. Fiduciary Advisors Inc. acquired a new position in Boeing in the fourth quarter valued at about $28,000. RPg Family Wealth Advisory LLC acquired a new position in Boeing in the third quarter valued at about $28,000. Heck Capital Advisors LLC acquired a new position in Boeing in the fourth quarter valued at about $33,000. Finally, Cedar Wealth Management LLC acquired a new stake in shares of Boeing during the third quarter worth about $30,000. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 1.6 %

BA stock opened at $184.81 on Friday. The business has a 50 day moving average price of $171.05 and a two-hundred day moving average price of $164.12. The company has a market cap of $114.25 billion, a price-to-earnings ratio of -10.09 and a beta of 1.52. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $213.77.

Boeing (NYSE:BA) last posted 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 in the previous year, the company posted ($0.47) earnings per share. On average, equities research analysts anticipate that The Boeing Company will post -2.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BA. Citigroup dropped their price target on Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. Wells Fargo & Company raised their price target on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Morgan Stanley dropped their price target on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. Sanford C. Bernstein lowered Boeing from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. Finally, Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $195.00.

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.