Paces Ferry Wealth Advisors LLC Reduces Stock Holdings in The Boeing Company (NYSE:BA)

Paces Ferry Wealth Advisors LLC lessened its holdings in The Boeing Company (NYSE:BA) by 2.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,260 shares of the aircraft producer’s stock after selling 69 shares during the quarter. Paces Ferry Wealth Advisors LLC’s holdings in Boeing were worth $850,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Trust Co. of Vermont grew its stake in shares of Boeing by 1.0% during the third quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock worth $841,000 after purchasing an additional 45 shares in the last quarter. Benchmark Financial Wealth Advisors LLC boosted its holdings in Boeing by 2.7% in the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock valued at $465,000 after purchasing an additional 47 shares in the last quarter. WealthPlan Investment Management LLC increased its stake in Boeing by 1.0% in the fourth quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock valued at $1,229,000 after purchasing an additional 49 shares during the last quarter. RB Capital Management LLC lifted its position in shares of Boeing by 2.7% during the 3rd quarter. RB Capital Management LLC now owns 1,893 shares of the aircraft producer’s stock worth $363,000 after buying an additional 50 shares during the last quarter. Finally, M&R Capital Management Inc. boosted its holdings in shares of Boeing by 35.0% in the 4th quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock valued at $50,000 after buying an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Trading Down 3.3 %

Shares of NYSE:BA traded down $5.65 on Tuesday, reaching $167.84. 8,171,877 shares of the company were exchanged, compared to its average volume of 9,716,028. The company has a 50-day moving average of $185.21 and a 200-day moving average of $206.38. The firm has a market cap of $103.03 billion, a price-to-earnings ratio of -47.28 and a beta of 1.52. The Boeing Company has a 1-year low of $159.70 and a 1-year high of $267.54.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. During the same quarter in the previous year, the business posted ($1.75) earnings per share. Boeing’s revenue was up 10.2% on a year-over-year basis. As a group, analysts forecast that The Boeing Company will post -0.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BA. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Boeing from $240.00 to $225.00 and set a “buy” rating for the company in a research note on Thursday, April 25th. Edward Jones lowered Boeing from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Melius Research reissued a “hold” rating on shares of Boeing in a report on Monday, April 1st. TD Cowen reduced their price target on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a research report on Monday, March 25th. Finally, Argus downgraded shares of Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Boeing has an average rating of “Hold” and an average target price of $222.41.

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.