Beaumont Financial Advisors LLC Sells 362 Shares of The Boeing Company (NYSE:BA)

Beaumont Financial Advisors LLC lowered its holdings in shares of The Boeing Company (NYSE:BA) by 24.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,142 shares of the aircraft producer’s stock after selling 362 shares during the quarter. Beaumont Financial Advisors LLC’s holdings in Boeing were worth $202,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Sugar Maple Asset Management LLC bought a new position in shares of Boeing in the fourth quarter worth approximately $27,000. RPg Family Wealth Advisory LLC purchased a new stake in Boeing during the 3rd quarter valued at $28,000. Cedar Wealth Management LLC bought a new stake in Boeing in the 3rd quarter worth $30,000. Planning Capital Management Corp increased its position in shares of Boeing by 741.0% in the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after acquiring an additional 289 shares during the period. Finally, Godsey & Gibb Inc. raised its stake in shares of Boeing by 107.7% during the fourth quarter. Godsey & Gibb Inc. now owns 351 shares of the aircraft producer’s stock valued at $62,000 after acquiring an additional 182 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

BA has been the topic of a number of research analyst reports. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $190.00 to $210.00 in a report on Monday, January 6th. Citigroup decreased their target price on Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Susquehanna cut their price target on shares of Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Finally, Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and cut their target price for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $192.21.

Boeing Price Performance

BA opened at $178.34 on Friday. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $217.59. The stock has a 50-day moving average price of $164.90 and a 200-day moving average price of $164.53. The firm has a market cap of $110.25 billion, a PE ratio of -13.82 and a beta of 1.52.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) 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 analysts’ expectations of $17.81 billion. The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the company posted ($3.26) EPS. As a group, sell-side analysts anticipate that The Boeing Company will post -16.36 EPS for the current year.

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.