Bouvel Investment Partners LLC Reduces Stock Position in The Boeing Company (NYSE:BA)

Bouvel Investment Partners LLC decreased its holdings in The Boeing Company (NYSE:BA) by 1.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 21,616 shares of the aircraft producer’s stock after selling 246 shares during the period. Boeing comprises about 1.4% of Bouvel Investment Partners LLC’s portfolio, making the stock its 26th largest holding. Bouvel Investment Partners LLC’s holdings in Boeing were worth $3,826,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new stake in shares of Boeing during the 3rd quarter valued at $28,000. Cedar Wealth Management LLC bought a new position in shares of Boeing during the third quarter valued at approximately $30,000. Kiely Wealth Advisory Group Inc. purchased a new position in shares of Boeing during the second quarter valued at approximately $33,000. Planning Capital Management Corp grew its stake in shares of Boeing by 741.0% in the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after buying an additional 289 shares during the last quarter. Finally, Truvestments Capital LLC bought a new position in shares of Boeing during the third quarter valued at $58,000. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Boeing stock opened at $168.91 on Friday. The stock has a market cap of $104.42 billion, a P/E ratio of -13.09 and a beta of 1.52. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $217.59. The firm’s 50 day moving average price is $162.40 and its 200-day moving average price is $164.98.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter last year, the firm earned ($3.26) EPS. The company’s revenue was down 1.5% compared to the same quarter last year. As a group, equities analysts expect that The Boeing Company will post -16.43 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. DZ Bank cut shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price for the company. in a report on Tuesday, October 15th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 target price on shares of Boeing in a report on Wednesday, October 30th. Wells Fargo & Company dropped their price objective on Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a research report on Monday, November 4th. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating on the stock in a research report on Monday, November 25th. Two analysts have rated the stock with a sell rating, eight have issued 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.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $192.21.

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.