Simplicity Wealth LLC Trims Stock Holdings in The Boeing Company (NYSE:BA)

Simplicity Wealth LLC trimmed its holdings in The Boeing Company (NYSE:BA) by 44.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,687 shares of the aircraft producer’s stock after selling 2,994 shares during the period. Simplicity Wealth LLC’s holdings in Boeing were worth $653,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Sierra Ocean LLC purchased a new position in Boeing in the 4th quarter valued at approximately $26,000. Sugar Maple Asset Management LLC purchased a new position in Boeing in the 4th quarter valued at approximately $27,000. RPg Family Wealth Advisory LLC purchased a new position in Boeing in the 3rd quarter valued at approximately $28,000. Fiduciary Advisors Inc. purchased a new position in Boeing in the 4th quarter valued at approximately $28,000. Finally, HighMark Wealth Management LLC grew its position in shares of Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after purchasing an additional 90 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Citigroup boosted their price target on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research report on Monday, February 10th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Wells Fargo & Company boosted their price target on shares of Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research report on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of Boeing in a research report on Wednesday, January 29th. Finally, Susquehanna boosted 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. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $195.16.

Boeing Stock Down 2.7 %

Boeing stock opened at $154.20 on Monday. The company has a market capitalization of $115.66 billion, a PE ratio of -8.42 and a beta of 1.53. The firm has a fifty day simple moving average of $175.03 and a two-hundred day simple moving average of $164.15. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $203.80.

Boeing (NYSE:BA) last posted its quarterly 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 last year, the company earned ($0.47) EPS. As a group, equities analysts expect that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the transaction, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.16% of the company’s stock.

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.