Ameliora Wealth Management Ltd. Decreases Stake in The Boeing Company (NYSE:BA)

Ameliora Wealth Management Ltd. decreased its holdings in The Boeing Company (NYSE:BA) by 6.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,750 shares of the aircraft producer’s stock after selling 250 shares during the period. Ameliora Wealth Management Ltd.’s holdings in Boeing were worth $664,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sugar Maple Asset Management LLC acquired a new stake in shares of Boeing in the fourth quarter worth $27,000. Fiduciary Advisors Inc. purchased a new stake in Boeing during the 4th quarter worth $28,000. RPg Family Wealth Advisory LLC acquired a new stake in Boeing in the 3rd quarter valued at $28,000. Heck Capital Advisors LLC purchased a new position in Boeing in the fourth quarter valued at about $33,000. Finally, Cedar Wealth Management LLC purchased a new position in Boeing in the third quarter valued at about $30,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on BA. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. TD Cowen reduced their target price on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Citigroup decreased their target price on shares of Boeing from $209.00 to $207.00 and set a “buy” rating for the company in a research note on Friday, January 24th. Finally, DZ Bank downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a research note on Tuesday, October 15th. 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $195.00.

Boeing Trading Up 1.6 %

Shares of Boeing stock opened at $184.81 on Friday. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $213.77. The stock has a market capitalization of $114.25 billion, a price-to-earnings ratio of -10.09 and a beta of 1.52. The business’s 50 day simple moving average is $171.05 and its 200-day simple moving average is $164.12.

Boeing (NYSE:BA) last issued its earnings results 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 in the previous year, the business earned ($0.47) earnings per share. Sell-side analysts predict that The Boeing Company will post -2.12 earnings per share for the current 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.