Encompass Wealth Advisors LLC Reduces Stock Holdings in The Boeing Company (NYSE:BA)

Encompass Wealth Advisors LLC lowered its holdings in shares of The Boeing Company (NYSE:BA) by 46.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,468 shares of the aircraft producer’s stock after selling 3,878 shares during the quarter. Encompass Wealth Advisors LLC’s holdings in Boeing were worth $791,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in BA. Sugar Maple Asset Management LLC bought a new position in shares of Boeing in the fourth quarter worth about $27,000. RPg Family Wealth Advisory LLC purchased a new stake in Boeing in the 3rd quarter worth approximately $28,000. Fiduciary Advisors Inc. bought a new stake in Boeing during the 4th quarter worth approximately $28,000. Cedar Wealth Management LLC bought a new stake in Boeing during the 3rd quarter worth approximately $30,000. Finally, Heck Capital Advisors LLC purchased a new position in Boeing during the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

BA has been the topic of several recent analyst reports. TD Cowen decreased 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. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft boosted their price objective on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Sanford C. Bernstein downgraded Boeing from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. Finally, DZ Bank cut Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a report on Tuesday, October 15th. Two equities research analysts have rated the stock with a sell rating, eight have assigned 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 company presently has an average rating of “Moderate Buy” and an average price target of $195.00.

Boeing Stock Up 1.6 %

Shares of BA opened at $184.81 on Friday. The business has a fifty day moving average of $171.05 and a 200 day moving average of $164.12. The company has a market cap of $114.25 billion, a PE ratio of -10.09 and a beta of 1.52. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $213.77.

Boeing (NYSE:BA) last released its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the previous year, the company posted ($0.47) EPS. As a group, research analysts anticipate that The Boeing Company will post -2.12 earnings per share for the current fiscal 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.