The Boeing Company (NYSE:BA) Shares Sold by American Financial Advisors LLC

American Financial Advisors LLC decreased its stake in The Boeing Company (NYSE:BA) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,623 shares of the aircraft producer’s stock after selling 182 shares during the quarter. American Financial Advisors LLC’s holdings in Boeing were worth $684,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of BA. CNB Bank boosted its position in Boeing by 106.5% during the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after acquiring an additional 66 shares during the last quarter. True Wealth Design LLC purchased a new position in Boeing during the fourth quarter worth about $33,000. Park Place Capital Corp raised its stake in Boeing by 185.1% during the third quarter. Park Place Capital Corp now owns 211 shares of the aircraft producer’s stock worth $40,000 after purchasing an additional 137 shares during the period. Industrial Alliance Investment Management Inc. purchased a new position in Boeing during the fourth quarter worth about $41,000. Finally, Fortis Capital Advisors LLC raised its stake in shares of Boeing by 100.0% in the 1st quarter. Fortis Capital Advisors LLC now owns 200 shares of the aircraft producer’s stock valued at $42,000 after acquiring an additional 100 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Ratings Changes

BA has been the topic of a number of research analyst reports. Royal Bank of Canada reduced their price target on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a research note on Tuesday. Edward Jones downgraded shares of Boeing from a “buy” rating to a “hold” rating in a research note on Monday, January 8th. Bank of America cut their target price on shares of Boeing from $210.00 to $190.00 and set a “neutral” rating on the stock in a research note on Thursday, April 11th. Wells Fargo & Company cut their target price on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 1st. Finally, Morgan Stanley cut their target price on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 10th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $229.35.

Boeing Price Performance

Shares of Boeing stock traded down $0.39 during trading hours on Friday, hitting $169.84. The company had a trading volume of 4,689,767 shares, compared to its average volume of 9,703,083. The Boeing Company has a twelve month low of $167.53 and a twelve month high of $267.54. The company’s 50-day moving average is $191.08 and its two-hundred day moving average is $207.28. The company has a market cap of $103.63 billion, a P/E ratio of -46.15, a price-to-earnings-growth ratio of 116.16 and a beta of 1.52.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, beating the consensus estimate of ($0.72) by $0.25. The business had revenue of $22.02 billion for the quarter, compared to analysts’ expectations of $21.14 billion. During the same quarter last year, the business posted ($1.75) earnings per share. The business’s revenue was up 10.2% compared to the same quarter last year. Sell-side analysts expect that The Boeing Company will post 0.37 EPS for the current year.

Boeing 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.