The Boeing Company (NYSE:BA) Shares Sold by Aviso Wealth Management

Aviso Wealth Management reduced its position in The Boeing Company (NYSE:BA) by 16.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,284 shares of the aircraft producer’s stock after selling 832 shares during the quarter. Aviso Wealth Management’s holdings in Boeing were worth $758,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc lifted its stake in shares of Boeing by 54.2% in the 4th quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer’s stock valued at $358,000 after purchasing an additional 710 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Boeing by 8.8% in the third quarter. Rockefeller Capital Management L.P. now owns 473,917 shares of the aircraft producer’s stock worth $72,075,000 after acquiring an additional 38,300 shares in the last quarter. Carnegie Investment Counsel raised its stake in shares of Boeing by 175.6% in the 4th quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer’s stock valued at $818,000 after acquiring an additional 2,943 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Boeing by 6.1% during the 3rd quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock valued at $101,296,000 after acquiring an additional 38,332 shares in the last quarter. Finally, World Investment Advisors LLC boosted its position in Boeing by 243.4% during the 3rd quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer’s stock worth $818,000 after purchasing an additional 3,814 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BA. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research note on Wednesday, January 29th. Melius upgraded shares of Boeing from a “hold” rating to a “buy” rating in a research note on Monday. Wells Fargo & Company upped their target price on shares of Boeing from $103.00 to $113.00 and gave the company an “underweight” rating in a research note on Monday, March 17th. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. Finally, Melius Research upgraded Boeing from a “hold” rating to a “strong-buy” rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $195.68.

Insider Buying and Selling

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the transaction, the executive vice president now directly owns 19,213 shares in the company, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.09% of the company’s stock.

Boeing Stock Performance

Shares of BA opened at $182.71 on Wednesday. The Boeing Company has a one year low of $137.03 and a one year high of $196.95. The firm has a market capitalization of $137.05 billion, a price-to-earnings ratio of -9.97 and a beta of 1.53. The stock’s fifty day moving average is $173.50 and its 200-day moving average is $163.90.

Boeing (NYSE:BA) last issued its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the previous year, the company posted ($0.47) EPS. Analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Boeing 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.