LexAurum Advisors LLC Has $606,000 Position in The Boeing Company (NYSE:BA)

LexAurum Advisors LLC reduced its stake in shares of The Boeing Company (NYSE:BA) by 20.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 3,424 shares of the aircraft producer’s stock after selling 862 shares during the quarter. LexAurum Advisors LLC’s holdings in Boeing were worth $606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in the stock. Sugar Maple Asset Management LLC bought a new position in Boeing in the fourth quarter worth $27,000. RPg Family Wealth Advisory LLC bought a new position in shares of Boeing during the 3rd quarter worth about $28,000. Cedar Wealth Management LLC bought a new position in Boeing during the third quarter worth about $30,000. Planning Capital Management Corp boosted its holdings in Boeing by 741.0% during the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after purchasing an additional 289 shares in the last quarter. Finally, Albion Financial Group UT grew its stake in shares of Boeing by 116.1% in the 4th quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer’s stock valued at $52,000 after purchasing an additional 159 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Up 2.0 %

Shares of NYSE: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 market capitalization of $110.25 billion, a P/E ratio of -13.82 and a beta of 1.52. The business has a 50-day moving average price of $164.90 and a two-hundred day moving average price of $164.53.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same period last year, the business posted ($3.26) earnings per share. Boeing’s revenue was down 1.5% compared to the same quarter last year. As a group, equities analysts predict that The Boeing Company will post -16.39 EPS for the current year.

Analyst Upgrades and Downgrades

BA has been the topic of several recent analyst reports. Citigroup decreased their price target on Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a research note on Friday. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. dropped their target price on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a research report on Monday, November 25th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Finally, Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $195.00 to $169.00 in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and an average target price of $192.11.

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.