Bartlett & CO. Wealth Management LLC Sells 404 Shares of The Boeing Company (NYSE:BA)

Bartlett & CO. Wealth Management LLC decreased its holdings in shares of The Boeing Company (NYSE:BA) by 4.4% in the fourth quarter, HoldingsChannel reports. The firm owned 8,810 shares of the aircraft producer’s stock after selling 404 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Boeing were worth $1,559,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of BA. Thrivent Financial for Lutherans increased its position in Boeing by 28.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 32,646 shares of the aircraft producer’s stock valued at $5,942,000 after purchasing an additional 7,182 shares during the period. Public Sector Pension Investment Board raised its stake in Boeing by 72.7% in the second quarter. Public Sector Pension Investment Board now owns 21,790 shares of the aircraft producer’s stock worth $3,966,000 after buying an additional 9,171 shares in the last quarter. Deerfield Management Company L.P. Series C lifted its holdings in Boeing by 45.9% in the second quarter. Deerfield Management Company L.P. Series C now owns 3,078 shares of the aircraft producer’s stock worth $560,000 after buying an additional 969 shares during the period. Dark Forest Capital Management LP bought a new stake in Boeing during the 2nd quarter valued at approximately $309,000. Finally, MBB Public Markets I LLC grew its holdings in shares of Boeing by 1,878.3% during the 2nd quarter. MBB Public Markets I LLC now owns 40,694 shares of the aircraft producer’s stock worth $7,407,000 after acquiring an additional 38,637 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BA. Robert W. Baird dropped their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Wells Fargo & Company reduced their target price on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a report on Wednesday, October 30th. Finally, DZ Bank cut Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a research report on Tuesday, October 15th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $192.21.

Boeing Stock Up 2.0 %

Shares of BA stock opened at $178.34 on Friday. The firm has a market capitalization of $110.25 billion, a PE ratio of -13.82 and a beta of 1.52. The company has a 50 day moving average price of $164.90 and a 200-day moving average price of $164.53. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $217.59.

Boeing (NYSE:BA) last announced its 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. The company’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the company posted ($3.26) EPS. Analysts anticipate that The Boeing Company will post -16.36 earnings per share for the current 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.