Asset Dedication LLC Has $1.16 Million Holdings in The Boeing Company (NYSE:BA)

Asset Dedication LLC cut its holdings in shares of The Boeing Company (NYSE:BA) by 39.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,547 shares of the aircraft producer’s stock after selling 4,306 shares during the quarter. Asset Dedication LLC’s holdings in Boeing were worth $1,159,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BA. Sterneck Capital Management LLC lifted its position in Boeing by 2.3% during the fourth quarter. Sterneck Capital Management LLC now owns 2,992 shares of the aircraft producer’s stock worth $530,000 after acquiring an additional 66 shares during the last quarter. Peoples Financial Services CORP. raised its holdings in Boeing by 0.8% in the 3rd quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer’s stock valued at $1,352,000 after acquiring an additional 67 shares in the last quarter. GSG Advisors LLC lifted its position in Boeing by 4.7% during the fourth quarter. GSG Advisors LLC now owns 1,490 shares of the aircraft producer’s stock worth $264,000 after purchasing an additional 67 shares during the period. Bay Rivers Group raised its position in Boeing by 1.0% during the fourth quarter. Bay Rivers Group now owns 7,416 shares of the aircraft producer’s stock valued at $1,313,000 after purchasing an additional 70 shares in the last quarter. Finally, Altus Wealth Group LLC boosted its stake in Boeing by 5.7% in the third quarter. Altus Wealth Group LLC now owns 1,325 shares of the aircraft producer’s stock valued at $201,000 after buying an additional 71 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Stock Down 2.1 %

BA stock opened at $174.03 on Thursday. The stock’s 50 day moving average is $167.68 and its 200-day moving average is $164.19. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $214.63. The firm has a market capitalization of $107.58 billion, a PE ratio of -13.49 and a beta of 1.52.

Boeing (NYSE:BA) last posted its quarterly earnings data 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 firm earned ($0.47) EPS. On average, equities research analysts anticipate that The Boeing Company will post -16.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on BA. Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. Morgan Stanley lowered 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. Wells Fargo & Company increased their price target on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a report on Wednesday. Susquehanna lifted their price objective on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday. Finally, TD Cowen cut their target price on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $195.00.

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.