The Boeing Company (NYSE:BA) Shares Sold by Etesian Wealth Advisors Inc.

Etesian Wealth Advisors Inc. decreased its stake in shares of The Boeing Company (NYSE:BA) by 10.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,415 shares of the aircraft producer’s stock after selling 495 shares during the period. Etesian Wealth Advisors Inc.’s holdings in Boeing were worth $782,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of BA. Sugar Maple Asset Management LLC acquired a new stake in shares of Boeing during the fourth quarter worth $27,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Boeing during the 3rd quarter valued at about $28,000. Fiduciary Advisors Inc. bought a new position in Boeing in the fourth quarter worth about $28,000. Cedar Wealth Management LLC acquired a new position in Boeing in the third quarter valued at approximately $30,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Boeing during the fourth quarter valued at approximately $33,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Performance

Shares of NYSE:BA opened at $181.80 on Thursday. The stock has a market capitalization of $112.39 billion, a price-to-earnings ratio of -9.92 and a beta of 1.52. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $213.77. The company has a 50 day moving average price of $170.47 and a 200 day moving average price of $164.00.

Boeing (NYSE:BA) last released its quarterly earnings data 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 period last year, the company earned ($0.47) earnings per share. On average, sell-side analysts expect that The Boeing Company will post -2.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on BA shares. Morgan Stanley cut their price target on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Wells Fargo & Company upped their price target on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. TD Cowen dropped their price objective on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Finally, Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and cut their price target for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Boeing has an average rating of “Moderate Buy” and an average price target of $195.00.

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.