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

Exencial Wealth Advisors LLC cut its holdings in shares of The Boeing Company (NYSE:BA) by 7.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,425 shares of the aircraft producer’s stock after selling 370 shares during the period. Exencial Wealth Advisors LLC’s holdings in Boeing were worth $783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Sierra Ocean LLC acquired a new position in shares of Boeing in the fourth quarter worth about $26,000. Sugar Maple Asset Management LLC acquired a new position in shares of Boeing in the fourth quarter worth about $27,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Boeing in the third quarter worth about $28,000. Fiduciary Advisors Inc. acquired a new position in shares of Boeing in the fourth quarter worth about $28,000. Finally, HighMark Wealth Management LLC increased its stake in shares of Boeing by 121.6% during the fourth quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock worth $29,000 after purchasing an additional 90 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

BA has been the subject of a number of research reports. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. UBS Group boosted their target price on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Citigroup boosted their target price on shares of Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. Finally, Wells Fargo & Company boosted their target price on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $195.16.

Insider Transactions at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the sale, the executive vice president now directly owns 19,213 shares in the company, valued at $3,471,596.97. This represents a 14.12 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.16% of the company’s stock.

Boeing Price Performance

Boeing stock opened at $163.34 on Thursday. The firm has a 50 day simple moving average of $176.00 and a 200-day simple moving average of $164.49. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $203.80. The stock has a market cap of $122.52 billion, a price-to-earnings ratio of -8.92 and a beta of 1.52.

Boeing (NYSE:BA) last issued 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 period in the previous year, the business posted ($0.47) EPS. Equities analysts expect that The Boeing Company will post -2.58 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.