The Boeing Company (NYSE:BA) Shares Sold by HHM Wealth Advisors LLC

HHM Wealth Advisors LLC lowered its position in shares of The Boeing Company (NYSE:BA) by 73.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 262 shares of the aircraft producer’s stock after selling 714 shares during the period. HHM Wealth Advisors LLC’s holdings in Boeing were worth $46,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of BA. AdvisorNet Financial Inc raised its stake in shares of Boeing by 54.2% during the 4th quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer’s stock worth $358,000 after buying an additional 710 shares during the last quarter. Carnegie Investment Counsel increased its position in Boeing by 175.6% during the 4th quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer’s stock worth $818,000 after purchasing an additional 2,943 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of Boeing by 8.8% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 473,917 shares of the aircraft producer’s stock valued at $72,075,000 after acquiring an additional 38,300 shares during the period. Principal Financial Group Inc. boosted its position in shares of Boeing by 6.1% in the third quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock worth $101,296,000 after buying an additional 38,332 shares during the period. Finally, Jennison Associates LLC grew its position in Boeing by 9.9% in the third quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock valued at $1,018,775,000 after acquiring an additional 602,143 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Stock Performance

Shares of BA stock opened at $175.95 on Tuesday. The company has a market capitalization of $108.77 billion, a price-to-earnings ratio of -9.60 and a beta of 1.52. The stock’s 50 day simple moving average is $169.50 and its 200 day simple moving average is $164.05. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $213.77.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the prior year, the company earned ($0.47) EPS. On average, analysts forecast that The Boeing Company will post -2.12 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on BA shares. TD Cowen dropped their target price on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. UBS Group boosted their target price on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $190.00 to $210.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. boosted their price objective on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley cut their price objective on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $195.00.

About Boeing

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.