Aspiriant LLC Has $234,000 Position in The Boeing Company (NYSE:BA)

Aspiriant LLC cut its holdings in The Boeing Company (NYSE:BA) by 5.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,321 shares of the aircraft producer’s stock after selling 82 shares during the quarter. Aspiriant LLC’s holdings in Boeing were worth $234,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. American Century Companies Inc. lifted its stake in shares of Boeing by 20.8% during the second quarter. American Century Companies Inc. now owns 44,992 shares of the aircraft producer’s stock valued at $8,189,000 after acquiring an additional 7,739 shares during the period. Pacer Advisors Inc. lifted its position in Boeing by 5.3% during the 2nd quarter. Pacer Advisors Inc. now owns 41,287 shares of the aircraft producer’s stock valued at $7,515,000 after purchasing an additional 2,066 shares during the period. Thrivent Financial for Lutherans boosted its stake in shares of Boeing by 28.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 32,646 shares of the aircraft producer’s stock valued at $5,942,000 after purchasing an additional 7,182 shares during the last quarter. Frank Rimerman Advisors LLC grew its position in shares of Boeing by 1,401.6% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 2,778 shares of the aircraft producer’s stock worth $506,000 after buying an additional 2,593 shares during the period. Finally, Public Sector Pension Investment Board raised its stake in shares of Boeing by 72.7% during the second quarter. Public Sector Pension Investment Board now owns 21,790 shares of the aircraft producer’s stock worth $3,966,000 after buying an additional 9,171 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Stock Performance

NYSE:BA opened at $175.63 on Wednesday. The stock has a 50-day simple moving average of $163.59 and a 200 day simple moving average of $164.52. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $217.59. The company has a market cap of $108.58 billion, a PE ratio of -13.61 and a beta of 1.52.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the prior year, the company earned ($3.26) earnings per share. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. On average, research analysts predict that The Boeing Company will post -16.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have commented on the stock. DZ Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price for the company. in a report on Tuesday, October 15th. TD Cowen decreased their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Wells Fargo & Company cut their target price on Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a research note on Monday, November 4th. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Finally, Citigroup cut their price target on shares of Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $192.21.

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.