HCR Wealth Advisors Sells 222 Shares of The Boeing Company (NYSE:BA)

HCR Wealth Advisors cut its stake in The Boeing Company (NYSE:BA) by 1.1% in the 4th quarter, Holdings Channel.com reports. The fund owned 19,267 shares of the aircraft producer’s stock after selling 222 shares during the quarter. HCR Wealth Advisors’ holdings in Boeing were worth $3,410,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the stock. RPg Family Wealth Advisory LLC acquired a new position in Boeing in the third quarter valued at about $28,000. Cedar Wealth Management LLC bought a new position in Boeing in the 3rd quarter valued at about $30,000. Kiely Wealth Advisory Group Inc. acquired a new position in shares of Boeing in the 2nd quarter valued at approximately $33,000. Planning Capital Management Corp lifted its holdings in shares of Boeing by 741.0% during the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after acquiring an additional 289 shares during the period. Finally, Truvestments Capital LLC bought a new stake in shares of Boeing during the 3rd quarter worth approximately $58,000. 64.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on BA shares. JPMorgan Chase & Co. lowered their price objective 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. Morgan Stanley decreased their price target on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. Benchmark restated a “buy” rating and set a $250.00 price objective on shares of Boeing in a research report on Thursday, October 24th. Wells Fargo & Company decreased their target price on Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a research report on Monday, November 4th. Finally, TD Cowen lowered their target price on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $192.21.

Boeing Trading Down 0.5 %

NYSE BA opened at $166.25 on Thursday. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $217.59. The firm has a market capitalization of $102.78 billion, a PE ratio of -12.89 and a beta of 1.52. The business’s 50-day moving average price is $162.02 and its two-hundred day moving average price is $164.97.

Boeing (NYSE:BA) last released its 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 business had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same period in the previous year, the company earned ($3.26) earnings per share. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, analysts forecast that The Boeing Company will post -16.18 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.