Wells Trecaso Financial Group LLC Sells 1,654 Shares of The Boeing Company (NYSE:BA)

Wells Trecaso Financial Group LLC lessened its holdings in shares of The Boeing Company (NYSE:BA) by 5.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,823 shares of the aircraft producer’s stock after selling 1,654 shares during the quarter. Boeing makes up 1.6% of Wells Trecaso Financial Group LLC’s portfolio, making the stock its 25th biggest position. Wells Trecaso Financial Group LLC’s holdings in Boeing were worth $4,748,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sugar Maple Asset Management LLC purchased a new stake in shares of Boeing in the 4th quarter worth about $27,000. RPg Family Wealth Advisory LLC bought a new position in Boeing in the third quarter worth about $28,000. Cedar Wealth Management LLC purchased a new stake in Boeing in the third quarter worth about $30,000. Albion Financial Group UT boosted its position in Boeing by 116.1% during the 4th quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer’s stock valued at $52,000 after acquiring an additional 159 shares in the last quarter. Finally, Planning Capital Management Corp grew its holdings in shares of Boeing by 741.0% during the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after acquiring an additional 289 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 2.0 %

Shares of BA opened at $178.34 on Friday. The business has a 50-day simple moving average of $164.90 and a two-hundred day simple moving average of $164.53. The stock has a market cap of $110.25 billion, a price-to-earnings ratio of -13.82 and a beta of 1.52. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $217.59.

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

Analyst Ratings Changes

A number of research firms have recently commented on BA. UBS Group lowered their target price on Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Citigroup decreased their target price on shares of Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Finally, Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $190.00 to $210.00 in a report on Monday, January 6th. Two equities research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $192.21.

Boeing Company 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.