Claris Advisors LLC MO Sells 66 Shares of The Boeing Company (NYSE:BA)

Claris Advisors LLC MO cut its holdings in The Boeing Company (NYSE:BA) by 3.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,025 shares of the aircraft producer’s stock after selling 66 shares during the period. Boeing makes up approximately 0.3% of Claris Advisors LLC MO’s portfolio, making the stock its 27th biggest position. Claris Advisors LLC MO’s holdings in Boeing were worth $528,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in BA. CNB Bank increased its position in Boeing by 106.5% in the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock valued at $25,000 after buying an additional 66 shares in the last quarter. Evolution Advisers Inc. bought a new stake in Boeing in the 4th quarter valued at about $28,000. DiNuzzo Private Wealth Inc. bought a new stake in Boeing during the 4th quarter worth approximately $28,000. Naples Money Management LLC bought a new stake in Boeing during the 4th quarter worth approximately $44,000. Finally, Blue Bell Private Wealth Management LLC increased its holdings in Boeing by 66.2% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 236 shares of the aircraft producer’s stock worth $45,000 after purchasing an additional 94 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Northcoast Research downgraded Boeing from a “neutral” rating to a “sell” rating and set a $140.00 target price on the stock. in a research note on Wednesday, April 17th. Melius restated a “hold” rating on shares of Boeing in a research note on Monday, April 1st. JPMorgan Chase & Co. cut their target price on Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Argus downgraded Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday, April 30th. Finally, StockNews.com downgraded Boeing from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, Boeing has a consensus rating of “Hold” and an average price target of $222.41.

Boeing Price Performance

Shares of NYSE:BA traded up $0.94 during trading on Friday, hitting $179.79. 5,416,263 shares of the company were exchanged, compared to its average volume of 8,228,397. The company has a market cap of $110.37 billion, a PE ratio of -50.64 and a beta of 1.54. The stock has a 50 day moving average of $183.74 and a 200 day moving average of $205.91. The Boeing Company has a 52-week low of $159.70 and a 52-week high of $267.54.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, topping the consensus estimate of ($0.72) by $0.25. The firm had revenue of $22.02 billion during the quarter, compared to the consensus estimate of $21.14 billion. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the company posted ($1.75) EPS. Sell-side analysts forecast that The Boeing Company will post -0.18 EPS for the current fiscal 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.