Bartlett & CO. Wealth Management LLC Decreases Stake in The Boeing Company (NYSE:BA)

Bartlett & CO. Wealth Management LLC cut its holdings in shares of The Boeing Company (NYSE:BA) by 4.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,810 shares of the aircraft producer’s stock after selling 404 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Boeing were worth $1,559,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. IMS Capital Management lifted its stake in shares of Boeing by 0.4% during the 2nd quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer’s stock valued at $2,759,000 after buying an additional 62 shares in the last quarter. Sterneck Capital Management LLC lifted its position in shares of Boeing by 2.3% during the fourth quarter. Sterneck Capital Management LLC now owns 2,992 shares of the aircraft producer’s stock worth $530,000 after acquiring an additional 66 shares in the last quarter. Peoples Financial Services CORP. boosted its holdings in shares of Boeing by 0.8% in the third quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer’s stock worth $1,352,000 after acquiring an additional 67 shares during the period. GSG Advisors LLC raised its stake in shares of Boeing by 4.7% during the 4th quarter. GSG Advisors LLC now owns 1,490 shares of the aircraft producer’s stock valued at $264,000 after purchasing an additional 67 shares during the period. Finally, Altus Wealth Group LLC lifted its holdings in Boeing by 5.7% during the 3rd quarter. Altus Wealth Group LLC now owns 1,325 shares of the aircraft producer’s stock worth $201,000 after purchasing an additional 71 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 2.0 %

NYSE BA opened at $178.34 on Friday. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $217.59. The company has a 50-day simple moving average of $164.90 and a two-hundred day simple moving average of $164.53. The firm has a market cap of $110.25 billion, a price-to-earnings ratio of -13.82 and a beta of 1.52.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. Boeing’s revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($3.26) EPS. Equities analysts expect that The Boeing Company will post -16.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. TD Cowen reduced their target price on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Wells Fargo & Company lowered their target price on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a research note on Monday, November 4th. Citigroup reduced their price target on shares of Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. UBS Group lowered their price objective on Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $192.21.

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.