Clarius Group LLC Has $551,000 Stake in The Boeing Company (NYSE:BA)

Clarius Group LLC lowered its stake in shares of The Boeing Company (NYSE:BA) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,115 shares of the aircraft producer’s stock after selling 125 shares during the period. Clarius Group LLC’s holdings in Boeing were worth $551,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Aaron Wealth Advisors LLC increased its position in shares of Boeing by 35.4% in the 4th quarter. Aaron Wealth Advisors LLC now owns 2,747 shares of the aircraft producer’s stock valued at $486,000 after buying an additional 718 shares in the last quarter. Wealth Alliance Advisory Group LLC grew its stake in Boeing by 9.0% in the fourth quarter. Wealth Alliance Advisory Group LLC now owns 4,287 shares of the aircraft producer’s stock valued at $759,000 after acquiring an additional 354 shares during the period. Moss Adams Wealth Advisors LLC increased its holdings in shares of Boeing by 9.4% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 2,988 shares of the aircraft producer’s stock worth $529,000 after acquiring an additional 256 shares in the last quarter. Udine Wealth Management Inc. acquired a new stake in shares of Boeing during the fourth quarter worth about $2,003,000. Finally, Financial Management Professionals Inc. lifted its holdings in shares of Boeing by 41.5% during the 4th quarter. Financial Management Professionals Inc. now owns 795 shares of the aircraft producer’s stock valued at $141,000 after purchasing an additional 233 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Morgan Stanley dropped their target price on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. The Goldman Sachs Group cut their price objective on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Benchmark reiterated a “buy” rating and set a $250.00 target price on shares of Boeing in a report on Thursday, October 24th. Jefferies Financial Group cut their price target on Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. Finally, TD Cowen dropped their target price on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Two equities 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $192.21.

Boeing Stock Up 1.3 %

NYSE:BA opened at $171.14 on Monday. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $217.59. The stock’s 50 day moving average price is $163.15 and its two-hundred day moving average price is $164.75. The firm has a market capitalization of $105.80 billion, a price-to-earnings ratio of -13.27 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 (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. Boeing’s revenue was down 1.5% on a year-over-year basis. During the same period last year, the company earned ($3.26) earnings per share. Equities research analysts expect that The Boeing Company will post -16.43 EPS for the current year.

About Boeing

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.