TCI Wealth Advisors Inc. Sells 58 Shares of The Boeing Company (NYSE:BA)

TCI Wealth Advisors Inc. decreased its position in shares of The Boeing Company (NYSE:BA) by 3.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,533 shares of the aircraft producer’s stock after selling 58 shares during the quarter. TCI Wealth Advisors Inc.’s holdings in Boeing were worth $271,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Czech National Bank boosted its position in Boeing by 8.4% during the 3rd quarter. Czech National Bank now owns 119,243 shares of the aircraft producer’s stock valued at $18,130,000 after acquiring an additional 9,281 shares in the last quarter. Canandaigua National Bank & Trust Co. boosted its position in Boeing by 22.5% during the third quarter. Canandaigua National Bank & Trust Co. now owns 18,954 shares of the aircraft producer’s stock valued at $2,882,000 after purchasing an additional 3,476 shares in the last quarter. Apella Capital LLC grew its stake in Boeing by 1.2% in the third quarter. Apella Capital LLC now owns 7,928 shares of the aircraft producer’s stock valued at $1,212,000 after purchasing an additional 97 shares during the last quarter. MRA Advisory Group bought a new position in Boeing in the third quarter worth about $240,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Boeing by 6.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,069 shares of the aircraft producer’s stock valued at $619,000 after buying an additional 264 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

BA has been the subject of several recent analyst reports. DZ Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a research note on Tuesday, October 15th. Benchmark reiterated a “buy” rating and set a $250.00 price objective on shares of Boeing in a report on Thursday, October 24th. TD Cowen dropped their target price on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. Finally, Morgan Stanley dropped their price target on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $195.00.

Boeing Stock Down 1.8 %

Shares of BA stock opened at $176.26 on Friday. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $214.63. The stock has a market cap of $108.96 billion, a PE ratio of -9.62 and a beta of 1.52. The business has a 50-day simple moving average of $168.96 and a 200-day simple moving average of $164.37.

Boeing (NYSE:BA) last announced its quarterly 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 quarter in the prior year, the business earned ($0.47) earnings per share. Sell-side analysts anticipate that The Boeing Company will post -1.61 earnings per share for the current fiscal year.

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.