Kestra Private Wealth Services LLC Sells 4,558 Shares of The Boeing Company (NYSE:BA)

Kestra Private Wealth Services LLC lessened its stake in shares of The Boeing Company (NYSE:BA) by 7.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 55,113 shares of the aircraft producer’s stock after selling 4,558 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Boeing were worth $9,755,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. CWM LLC boosted its stake in shares of Boeing by 9.3% during the third quarter. CWM LLC now owns 26,552 shares of the aircraft producer’s stock valued at $4,037,000 after purchasing an additional 2,249 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in Boeing by 691.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 1,725 shares of the aircraft producer’s stock worth $262,000 after buying an additional 1,507 shares during the period. Douglas Lane & Associates LLC boosted its position in Boeing by 12.0% during the 3rd quarter. Douglas Lane & Associates LLC now owns 408,698 shares of the aircraft producer’s stock worth $62,138,000 after buying an additional 43,896 shares during the period. Ameliora Wealth Management Ltd. increased its position in Boeing by 33.3% in the 3rd quarter. Ameliora Wealth Management Ltd. now owns 4,000 shares of the aircraft producer’s stock valued at $608,000 after acquiring an additional 1,000 shares during the period. Finally, Orca Investment Management LLC increased its position in Boeing by 10.4% in the 3rd quarter. Orca Investment Management LLC now owns 3,840 shares of the aircraft producer’s stock valued at $584,000 after acquiring an additional 361 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BA shares. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a research note on Wednesday, January 29th. JPMorgan Chase & Co. increased their price target on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. TD Cowen cut their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. UBS Group upped their target price on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Finally, Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. Two equities 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 issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $195.00.

Boeing Trading Down 1.8 %

Shares of BA stock opened at $181.51 on Monday. The firm has a fifty day simple moving average of $172.22 and a two-hundred day simple moving average of $164.13. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $213.10. The firm has a market capitalization of $136.14 billion, a PE ratio of -9.91 and a beta of 1.52.

Boeing (NYSE:BA) last released its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter last year, the business posted ($0.47) earnings per share. On average, equities analysts predict that The Boeing Company will post -2.3 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.