Key Client Fiduciary Advisors LLC Sells 100 Shares of The Boeing Company (NYSE:BA)

Key Client Fiduciary Advisors LLC lowered its stake in The Boeing Company (NYSE:BA) by 5.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 1,739 shares of the aircraft producer’s stock after selling 100 shares during the quarter. Key Client Fiduciary Advisors LLC’s holdings in Boeing were worth $317,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BA. Vermillion & White Wealth Management Group LLC purchased a new position in Boeing during the fourth quarter valued at $26,000. DiNuzzo Private Wealth Inc. purchased a new position in Boeing during the fourth quarter valued at $28,000. Evolution Advisers Inc. purchased a new position in Boeing during the fourth quarter valued at $28,000. Vima LLC purchased a new position in Boeing during the fourth quarter valued at $34,000. Finally, Accent Capital Management LLC purchased a new position in Boeing during the fourth quarter valued at $39,000. Institutional investors own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BA. StockNews.com downgraded Boeing from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Bank of America lifted their price objective on Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, June 13th. Northcoast Research downgraded Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price objective for the company. in a report on Wednesday, April 17th. Citigroup reduced their price objective on Boeing from $252.00 to $224.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Finally, Royal Bank of Canada reduced their price objective on Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Two investment 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. According to MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and an average target price of $215.18.

Boeing Stock Performance

NYSE:BA traded down $0.32 during trading hours on Wednesday, reaching $168.44. The stock had a trading volume of 3,851,042 shares, compared to its average volume of 8,084,098. The Boeing Company has a 52 week low of $159.70 and a 52 week high of $267.54. The company has a 50 day moving average price of $179.84 and a two-hundred day moving average price of $184.87. The stock has a market capitalization of $103.40 billion, a PE ratio of -47.45 and a beta of 1.56.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The business had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. During the same quarter last year, the firm posted ($0.82) earnings per share. Boeing’s revenue was down 14.6% on a year-over-year basis. Equities research analysts predict that The Boeing Company will post -2.38 EPS for the current 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.