The Boeing Company (NYSE:BA) Holdings Reduced by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC decreased its position in The Boeing Company (NYSE:BA) by 16.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,479 shares of the aircraft producer’s stock after selling 662 shares during the period. Resonant Capital Advisors LLC’s holdings in Boeing were worth $616,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Partners Group Inc bought a new position in shares of Boeing in the fourth quarter valued at approximately $203,000. Princeton Global Asset Management LLC boosted its holdings in shares of Boeing by 106.2% in the fourth quarter. Princeton Global Asset Management LLC now owns 1,326 shares of the aircraft producer’s stock valued at $235,000 after acquiring an additional 683 shares in the last quarter. Adamsbrown Wealth Consultants LLC boosted its holdings in shares of Boeing by 10.7% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 2,439 shares of the aircraft producer’s stock valued at $432,000 after acquiring an additional 235 shares in the last quarter. Valley National Advisers Inc. boosted its holdings in shares of Boeing by 4.4% in the fourth quarter. Valley National Advisers Inc. now owns 1,742 shares of the aircraft producer’s stock valued at $308,000 after acquiring an additional 73 shares in the last quarter. Finally, McAdam LLC boosted its holdings in shares of Boeing by 31.0% in the fourth quarter. McAdam LLC now owns 2,466 shares of the aircraft producer’s stock valued at $437,000 after acquiring an additional 583 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

BA has been the subject of a number of research reports. Wells Fargo & Company raised their target price on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. 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. Robert W. Baird reduced their target price on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. JPMorgan Chase & Co. raised their target price on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Finally, Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $195.00.

Boeing Stock Down 0.3 %

BA stock opened at $175.95 on Tuesday. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $213.77. The company has a market cap of $108.77 billion, a price-to-earnings ratio of -9.60 and a beta of 1.52. The company has a 50 day moving average of $169.50 and a two-hundred day moving average of $164.05.

Boeing (NYSE:BA) last released its 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 period in the prior year, the firm posted ($0.47) EPS. On average, research analysts anticipate that The Boeing Company will post -2.12 EPS for the current year.

Boeing Company 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.