TFG Advisers LLC Cuts Stock Holdings in The Boeing Company (NYSE:BA)

TFG Advisers LLC lowered its position in The Boeing Company (NYSE:BA) by 19.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,251 shares of the aircraft producer’s stock after selling 791 shares during the period. TFG Advisers LLC’s holdings in Boeing were worth $575,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Sugar Maple Asset Management LLC bought a new position in shares of Boeing during the 4th quarter worth approximately $27,000. RPg Family Wealth Advisory LLC bought a new stake in Boeing during the third quarter worth $28,000. Fiduciary Advisors Inc. purchased a new position in Boeing in the fourth quarter worth $28,000. Cedar Wealth Management LLC bought a new position in Boeing in the 3rd quarter valued at $30,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Boeing during the 4th quarter valued at $33,000. 64.82% of the stock is owned by institutional investors.

Boeing Stock Down 1.8 %

Boeing stock opened at $181.51 on Friday. The stock has a market cap of $112.21 billion, a price-to-earnings ratio of -9.91 and a beta of 1.52. The business has a 50-day simple moving average of $171.70 and a 200 day simple moving average of $164.27. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $213.10.

Boeing (NYSE:BA) last posted 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 in the prior year, the company posted ($0.47) EPS. On average, research analysts anticipate that The Boeing Company will post -2.12 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on BA shares. Susquehanna increased their price target on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Boeing in a report on Wednesday, January 29th. Robert W. Baird reduced their price objective on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft upped their price target on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Finally, Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and an average price target of $195.00.

About Boeing

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.