The Boeing Company (NYSE:BA) Position Trimmed by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC lowered its stake in The Boeing Company (NYSE:BA) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,692 shares of the aircraft producer’s stock after selling 544 shares during the period. Foundations Investment Advisors LLC’s holdings in Boeing were worth $2,069,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Aurora Private Wealth Inc. acquired a new stake in shares of Boeing during the fourth quarter worth $282,000. Pacer Advisors Inc. increased its stake in Boeing by 87.4% in the 4th quarter. Pacer Advisors Inc. now owns 81,307 shares of the aircraft producer’s stock worth $14,391,000 after purchasing an additional 37,909 shares in the last quarter. Cornerstone Wealth Group LLC raised its holdings in Boeing by 20.3% during the 4th quarter. Cornerstone Wealth Group LLC now owns 1,583 shares of the aircraft producer’s stock worth $280,000 after buying an additional 267 shares during the period. KBC Group NV raised its holdings in Boeing by 32.9% during the 4th quarter. KBC Group NV now owns 60,599 shares of the aircraft producer’s stock worth $10,726,000 after buying an additional 15,016 shares during the period. Finally, Union Bancaire Privee UBP SA purchased a new stake in Boeing during the fourth quarter valued at about $126,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BA shares. Susquehanna dropped their target price on shares of Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research report on Thursday, October 24th. TD Cowen lowered their price objective on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Morgan Stanley reduced their target price on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $190.00 to $210.00 in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. reduced their price objective on Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a research note on Monday, November 25th. Two 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 given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $192.11.

Boeing Stock Performance

BA opened at $177.79 on Wednesday. The company has a market cap of $109.91 billion, a PE ratio of -13.78 and a beta of 1.52. The stock has a 50-day moving average of $167.04 and a 200-day moving average of $164.23. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $214.63.

Boeing (NYSE:BA) last announced its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the previous year, the company earned ($0.47) earnings per share. On average, research analysts predict that The Boeing Company will post -16.39 earnings per share 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.