West Wealth Group LLC Sells 1,215 Shares of The Boeing Company (NYSE:BA)

West Wealth Group LLC lessened its stake in The Boeing Company (NYSE:BA) by 14.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,215 shares of the aircraft producer’s stock after selling 1,215 shares during the quarter. Boeing makes up approximately 0.4% of West Wealth Group LLC’s portfolio, making the stock its 29th biggest holding. West Wealth Group LLC’s holdings in Boeing were worth $1,277,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of BA. AdvisorNet Financial Inc raised its position in shares of Boeing by 54.2% in the fourth 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 during the period. Carnegie Investment Counsel grew its stake in 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 buying an additional 2,943 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in Boeing by 8.8% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 473,917 shares of the aircraft producer’s stock valued at $72,075,000 after acquiring an additional 38,300 shares during the period. Principal Financial Group Inc. lifted its position in shares of Boeing by 6.1% during the third quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock worth $101,296,000 after acquiring an additional 38,332 shares in the last quarter. Finally, Jennison Associates LLC boosted its holdings in shares of Boeing by 9.9% in the third quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock worth $1,018,775,000 after acquiring an additional 602,143 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

BA has been the topic of a number of analyst reports. TD Cowen decreased their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Benchmark reiterated a “buy” rating and set a $250.00 price target on shares of Boeing in a research report on Thursday, October 24th. Robert W. Baird lowered their price target on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. Finally, UBS Group cut their price target on shares of Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $192.11.

Boeing Price Performance

NYSE:BA opened at $175.95 on Monday. The company has a market capitalization of $108.77 billion, a price-to-earnings ratio of -13.64 and a beta of 1.52. The business has a 50 day moving average of $166.42 and a 200 day moving average of $164.29. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $214.63.

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.