TRUE Private Wealth Advisors Sells 232 Shares of The Boeing Company (NYSE:BA)

TRUE Private Wealth Advisors lowered its stake in The Boeing Company (NYSE:BA) by 3.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,309 shares of the aircraft producer’s stock after selling 232 shares during the quarter. TRUE Private Wealth Advisors’ holdings in Boeing were worth $959,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Madison Park Capital Advisors LLC grew its stake in Boeing by 4.9% in the second quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock worth $219,000 after purchasing an additional 56 shares during the period. Wealth Alliance Advisory Group LLC increased its stake in shares of Boeing by 1.6% in the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer’s stock worth $691,000 after acquiring an additional 60 shares in the last quarter. IMS Capital Management lifted its position in Boeing by 0.4% during the 2nd quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer’s stock valued at $2,759,000 after acquiring an additional 62 shares during the period. ADE LLC lifted its position in Boeing by 4.4% during the 2nd quarter. ADE LLC now owns 1,539 shares of the aircraft producer’s stock valued at $280,000 after acquiring an additional 65 shares during the period. Finally, Peoples Financial Services CORP. boosted its stake in Boeing by 0.8% during the third 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. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Up 2.1 %

Boeing stock opened at $155.65 on Friday. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $267.54. The company has a market cap of $96.22 billion, a P/E ratio of -12.07 and a beta of 1.57. The business has a 50-day simple moving average of $151.48 and a two-hundred day simple moving average of $167.51.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. During the same period last year, the business earned ($3.26) EPS. Boeing’s quarterly revenue was down 1.5% compared to the same quarter last year. Research analysts anticipate that The Boeing Company will post -16.19 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BA has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research note on Wednesday, October 30th. TD Cowen cut their target price on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. JPMorgan Chase & Co. dropped their price target on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating on the stock in a research note on Monday, November 25th. Finally, Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $190.11.

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.