Schwarz Dygos Wheeler Investment Advisors LLC Cuts Stock Holdings in The Boeing Company (NYSE:BA)

Schwarz Dygos Wheeler Investment Advisors LLC lowered its position in shares of The Boeing Company (NYSE:BA) by 9.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,534 shares of the aircraft producer’s stock after selling 356 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC’s holdings in Boeing were worth $626,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Enterprise Financial Services Corp raised its stake in shares of Boeing by 3.0% in the fourth quarter. Enterprise Financial Services Corp now owns 2,756 shares of the aircraft producer’s stock worth $488,000 after purchasing an additional 81 shares during the last quarter. Roberts Glore & Co. Inc. IL increased its holdings in Boeing by 21.5% in the 4th quarter. Roberts Glore & Co. Inc. IL now owns 2,371 shares of the aircraft producer’s stock worth $420,000 after buying an additional 420 shares in the last quarter. Personal CFO Solutions LLC increased its holdings in Boeing by 88.0% in the 4th quarter. Personal CFO Solutions LLC now owns 14,312 shares of the aircraft producer’s stock worth $2,533,000 after buying an additional 6,698 shares in the last quarter. Amundi raised its position in Boeing by 473.6% in the 4th quarter. Amundi now owns 1,565,337 shares of the aircraft producer’s stock worth $268,862,000 after buying an additional 1,292,417 shares during the last quarter. Finally, Naviter Wealth LLC lifted its stake in Boeing by 35.4% during the 4th quarter. Naviter Wealth LLC now owns 7,205 shares of the aircraft producer’s stock valued at $1,275,000 after acquiring an additional 1,885 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Stock Performance

Shares of BA stock opened at $154.20 on Monday. The stock has a fifty day simple moving average of $175.03 and a two-hundred day simple moving average of $164.15. The firm has a market capitalization of $115.66 billion, a PE ratio of -8.42 and a beta of 1.53. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $203.80.

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 firm posted ($0.47) earnings per share. On average, sell-side analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Wells Fargo & Company lifted their price target on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Citigroup increased their price target on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a report on Monday, February 10th. Susquehanna lifted their price objective on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday, January 29th. Finally, Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and an average target price of $195.16.

Insider Buying and Selling at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the transaction, the executive vice president now owns 19,213 shares of the company’s stock, valued at $3,471,596.97. This represents a 14.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.16% of the company’s stock.

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.