LMG Wealth Partners LLC Sells 850 Shares of The Boeing Company (NYSE:BA)

LMG Wealth Partners LLC decreased its holdings in The Boeing Company (NYSE:BA) by 41.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,183 shares of the aircraft producer’s stock after selling 850 shares during the period. LMG Wealth Partners LLC’s holdings in Boeing were worth $209,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in BA. State Street Corp boosted its holdings in Boeing by 2.3% during the 3rd quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer’s stock valued at $4,223,397,000 after acquiring an additional 636,594 shares during the period. Geode Capital Management LLC boosted its stake in shares of Boeing by 2.8% during the third quarter. Geode Capital Management LLC now owns 11,719,794 shares of the aircraft producer’s stock valued at $1,774,705,000 after purchasing an additional 320,415 shares during the period. Jennison Associates LLC grew its holdings in shares of Boeing by 9.9% in the third quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock worth $1,018,775,000 after purchasing an additional 602,143 shares during the last quarter. Fisher Asset Management LLC increased its stake in shares of Boeing by 6.0% in the third quarter. Fisher Asset Management LLC now owns 4,866,857 shares of the aircraft producer’s stock worth $739,957,000 after buying an additional 277,350 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Boeing by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,196,648 shares of the aircraft producer’s stock valued at $486,018,000 after buying an additional 48,637 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

BA has been the topic of a number of analyst reports. Citigroup boosted their price objective on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, February 10th. UBS Group boosted their price target on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Benchmark reaffirmed a “buy” rating and issued a $250.00 price target on shares of Boeing in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $195.16.

Boeing Stock Up 0.7 %

Shares of NYSE BA opened at $186.20 on Thursday. The company has a 50 day moving average of $176.32 and a 200 day moving average of $164.20. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $208.10. The firm has a market cap of $139.66 billion, a P/E ratio of -10.16 and a beta of 1.52.

Boeing (NYSE:BA) last released its quarterly earnings data 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 quarter in the prior year, the firm earned ($0.47) earnings per share. As a group, equities analysts expect that The Boeing Company will post -2.32 earnings per share for the current fiscal 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.