Fragasso Financial Advisors Inc Has $290,000 Stake in The Boeing Company (NYSE:BA)

Fragasso Financial Advisors Inc reduced its holdings in The Boeing Company (NYSE:BA) by 18.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,640 shares of the aircraft producer’s stock after selling 359 shares during the quarter. Fragasso Financial Advisors Inc’s holdings in Boeing were worth $290,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in BA. RPg Family Wealth Advisory LLC bought a new position in Boeing during the third quarter valued at about $28,000. Cedar Wealth Management LLC acquired a new position in Boeing during the third quarter worth $30,000. Kiely Wealth Advisory Group Inc. bought a new position in shares of Boeing during the second quarter valued at $33,000. Planning Capital Management Corp boosted its stake in shares of Boeing by 741.0% in the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after purchasing an additional 289 shares in the last quarter. Finally, Truvestments Capital LLC bought a new stake in shares of Boeing in the 3rd quarter worth about $58,000. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Down 0.8 %

Shares of Boeing stock opened at $170.56 on Tuesday. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $217.59. The business has a fifty day simple moving average of $161.70 and a 200 day simple moving average of $165.07. The stock has a market cap of $105.44 billion, a PE ratio of -13.22 and a beta of 1.52.

Boeing (NYSE:BA) last announced 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 company 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% compared to the same quarter last year. During the same quarter last year, the company earned ($3.26) EPS. Analysts expect that The Boeing Company will post -16.18 EPS for the current fiscal year.

Analysts Set New Price Targets

BA has been the subject of several analyst reports. TD Cowen cut their price target on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Morgan Stanley cut their target price on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. UBS Group decreased their price target on Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Wells Fargo & Company cut their price objective on Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research report on Monday, November 4th. Finally, Benchmark restated a “buy” rating and set a $250.00 target price on shares of Boeing in a report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.