Centric Wealth Management Sells 5,000 Shares of The Boeing Company (NYSE:BA)

Centric Wealth Management lessened its holdings in The Boeing Company (NYSE:BA) by 80.1% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,243 shares of the aircraft producer’s stock after selling 5,000 shares during the period. Centric Wealth Management’s holdings in Boeing were worth $220,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Sierra Ocean LLC bought a new position in Boeing in the 4th quarter worth about $26,000. Sugar Maple Asset Management LLC bought a new position in shares of Boeing in the fourth quarter worth approximately $27,000. Fiduciary Advisors Inc. bought a new position in shares of Boeing in the fourth quarter worth approximately $28,000. HighMark Wealth Management LLC raised its stake in Boeing by 121.6% in the fourth 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. Finally, Anfield Capital Management LLC lifted its position in Boeing by 113.1% during the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock valued at $32,000 after purchasing an additional 95 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on BA shares. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Melius raised Boeing from a “hold” rating to a “buy” rating in a research note on Monday, March 24th. JPMorgan Chase & Co. raised their price target on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Melius Research upgraded Boeing from a “hold” rating to a “strong-buy” rating in a report on Monday, March 24th. Finally, StockNews.com upgraded Boeing to a “sell” rating in a research report on Wednesday, March 12th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $195.68.

Boeing Trading Down 1.5 %

NYSE:BA opened at $170.66 on Tuesday. The company has a 50-day moving average price of $173.97 and a 200-day moving average price of $164.28. The stock has a market cap of $128.01 billion, a price-to-earnings ratio of -9.32 and a beta of 1.53. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $196.95.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period last year, the firm posted ($0.47) EPS. Equities analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Insider Activity

In related news, EVP Uma M. Amuluru sold 3,159 shares of the 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.09% of the stock is currently owned by company insiders.

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.