Mather Group LLC. Has $503,000 Stock Holdings in The Boeing Company (NYSE:BA)

Mather Group LLC. cut its position in The Boeing Company (NYSE:BA) by 2.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,840 shares of the aircraft producer’s stock after selling 70 shares during the period. Mather Group LLC.’s holdings in Boeing were worth $503,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Sugar Maple Asset Management LLC acquired a new stake in shares of Boeing during the fourth quarter worth $27,000. RPg Family Wealth Advisory LLC acquired a new stake in shares of Boeing during the third quarter worth $28,000. Fiduciary Advisors Inc. acquired a new stake in shares of Boeing during the fourth quarter worth $28,000. Cedar Wealth Management LLC acquired a new stake in shares of Boeing during the third quarter worth $30,000. Finally, Heck Capital Advisors LLC acquired a new stake in shares of Boeing during the fourth quarter worth $33,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on BA shares. JPMorgan Chase & Co. raised their price objective on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Citigroup dropped their price objective on shares of Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a report on Friday, January 24th. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Finally, UBS Group lifted their price target 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. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $195.00.

Boeing Stock Performance

Shares of BA stock opened at $181.80 on Thursday. The company has a market capitalization of $112.39 billion, a price-to-earnings ratio of -9.92 and a beta of 1.52. The company has a 50-day simple moving average of $170.47 and a 200 day simple moving average of $164.00. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $213.77.

Boeing (NYSE:BA) last announced its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period last year, the company earned ($0.47) EPS. Sell-side analysts forecast that The Boeing Company will post -2.12 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.