WealthPLAN Partners LLC Sells 424 Shares of The Boeing Company (NYSE:BA)

WealthPLAN Partners LLC lowered its stake in shares of The Boeing Company (NYSE:BA) by 17.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,002 shares of the aircraft producer’s stock after selling 424 shares during the quarter. WealthPLAN Partners LLC’s holdings in Boeing were worth $354,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Sugar Maple Asset Management LLC bought a new stake in Boeing during the fourth quarter worth $27,000. RPg Family Wealth Advisory LLC purchased a new position in Boeing in the third quarter worth $28,000. Fiduciary Advisors Inc. purchased a new position in Boeing in the fourth quarter worth $28,000. Cedar Wealth Management LLC purchased a new position in Boeing in the third quarter worth $30,000. Finally, Heck Capital Advisors LLC purchased a new position in Boeing in the fourth quarter worth $33,000. Institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on BA. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Robert W. Baird cut their price objective on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price target on shares of Boeing in a research report on Wednesday, January 29th. Citigroup upped their price target on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Finally, Benchmark reaffirmed a “buy” rating and set a $250.00 price target on shares of Boeing in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $195.16.

Boeing Stock Performance

Shares of BA opened at $184.52 on Friday. The stock has a market capitalization of $138.40 billion, a price-to-earnings ratio of -10.07 and a beta of 1.52. The stock’s 50-day simple moving average is $174.96 and its 200 day simple moving average is $164.24. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $208.10.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the prior year, the firm earned ($0.47) earnings per share. On average, research analysts forecast that The Boeing Company will post -2.3 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.