180 Wealth Advisors LLC Sells 198 Shares of The Boeing Company (NYSE:BA)

180 Wealth Advisors LLC reduced its holdings in The Boeing Company (NYSE:BA) by 1.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 14,685 shares of the aircraft producer’s stock after selling 198 shares during the quarter. 180 Wealth Advisors LLC’s holdings in Boeing were worth $2,599,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BA. RPg Family Wealth Advisory LLC bought a new position in shares of Boeing in the 3rd quarter valued at about $28,000. Cedar Wealth Management LLC bought a new position in Boeing during the third quarter worth about $30,000. Kiely Wealth Advisory Group Inc. acquired a new position in Boeing during the second quarter worth approximately $33,000. Planning Capital Management Corp raised its stake in 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 buying an additional 289 shares during the period. Finally, Truvestments Capital LLC acquired a new stake in shares of Boeing in the third quarter valued at approximately $58,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Price Performance

BA stock opened at $170.56 on Tuesday. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $217.59. The stock has a market cap of $105.44 billion, a price-to-earnings ratio of -13.22 and a beta of 1.52. The company has a 50 day simple moving average of $161.70 and a 200 day simple moving average of $165.07.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. The business’s revenue was down 1.5% compared to the same quarter last year. During the same period last year, the firm earned ($3.26) EPS. On average, equities research analysts anticipate that The Boeing Company will post -16.18 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Wells Fargo & Company dropped their price target on Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a research note on Monday, November 4th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of Boeing in a research note on Wednesday, October 30th. Morgan Stanley decreased their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. DZ Bank cut Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a report on Tuesday, October 15th. Finally, Benchmark reiterated a “buy” rating and set a $250.00 target price on shares of Boeing in a research note on Thursday, October 24th. Two research 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. Based on data from MarketBeat.com, Boeing has an average rating of “Moderate Buy” and a consensus price target of $192.21.

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.