Xcel Wealth Management LLC Has $8.40 Million Holdings in The Boeing Company (NYSE:BA)

Xcel Wealth Management LLC trimmed its position in The Boeing Company (NYSE:BA) by 5.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,458 shares of the aircraft producer’s stock after selling 2,625 shares during the quarter. Boeing makes up approximately 2.3% of Xcel Wealth Management LLC’s holdings, making the stock its 10th largest position. Xcel Wealth Management LLC’s holdings in Boeing were worth $8,400,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Sierra Ocean LLC bought a new stake in shares of Boeing in the 4th quarter valued at approximately $26,000. Sugar Maple Asset Management LLC bought a new stake in shares of Boeing in the 4th quarter valued at approximately $27,000. Fiduciary Advisors Inc. bought a new stake in shares of Boeing in the 4th quarter valued at approximately $28,000. HighMark Wealth Management LLC increased its holdings in shares of Boeing by 121.6% in the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after acquiring an additional 90 shares during the last quarter. Finally, RPg Family Wealth Advisory LLC bought a new stake in shares of Boeing in the 3rd quarter valued at approximately $28,000. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Up 0.6 %

Shares of BA stock opened at $174.84 on Friday. The stock has a 50-day simple moving average of $176.87 and a 200 day simple moving average of $164.74. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $206.62. The stock has a market capitalization of $131.14 billion, a P/E ratio of -9.54 and a beta of 1.52.

Boeing (NYSE:BA) last announced its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter last year, the company earned ($0.47) earnings per share. On average, sell-side analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Activity at Boeing

In related news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the transaction, the executive vice president now owns 19,213 shares in the company, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on BA shares. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $190.00 to $210.00 in a report on Monday, January 6th. Susquehanna increased their target price on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Wells Fargo & Company increased their target price on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. UBS Group increased their target price on Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. increased their target price on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $195.16.

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.