Massachusetts Wealth Management Decreases Stock Holdings in The Boeing Company (NYSE:BA)

Massachusetts Wealth Management lowered its position in shares of The Boeing Company (NYSE:BA) by 8.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,855 shares of the aircraft producer’s stock after selling 375 shares during the period. Massachusetts Wealth Management’s holdings in Boeing were worth $682,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Sterneck Capital Management LLC increased its holdings in shares of Boeing by 2.3% in the 4th quarter. Sterneck Capital Management LLC now owns 2,992 shares of the aircraft producer’s stock valued at $530,000 after acquiring an additional 66 shares during the last quarter. Peoples Financial Services CORP. increased its stake in Boeing by 0.8% in the third quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer’s stock valued at $1,352,000 after purchasing an additional 67 shares during the last quarter. GSG Advisors LLC raised its holdings in Boeing by 4.7% during the fourth quarter. GSG Advisors LLC now owns 1,490 shares of the aircraft producer’s stock worth $264,000 after purchasing an additional 67 shares in the last quarter. Bay Rivers Group lifted its position in shares of Boeing by 1.0% during the 4th quarter. Bay Rivers Group now owns 7,416 shares of the aircraft producer’s stock worth $1,313,000 after buying an additional 70 shares during the last quarter. Finally, Altus Wealth Group LLC boosted its holdings in shares of Boeing by 5.7% in the 3rd quarter. Altus Wealth Group LLC now owns 1,325 shares of the aircraft producer’s stock valued at $201,000 after buying an additional 71 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Trading Up 0.3 %

Shares of NYSE BA opened at $176.40 on Wednesday. The stock has a market cap of $109.05 billion, a price-to-earnings ratio of -9.63 and a beta of 1.52. The company’s 50-day moving average price is $170.47 and its 200 day moving average price is $164.00. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $213.77.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the previous year, the business posted ($0.47) earnings per share. As a group, research analysts expect that The Boeing Company will post -2.12 earnings per share for the current year.

Wall Street Analyst Weigh In

BA has been the subject of several research analyst reports. DZ Bank downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a research note on Tuesday, October 15th. TD Cowen cut their price target on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. JPMorgan Chase & Co. increased their price objective on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday, January 29th. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Finally, Benchmark reaffirmed a “buy” rating and set a $250.00 price objective on shares of Boeing in a research report on Thursday, October 24th. 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 assigned a strong buy rating to the company. According to MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and an average price target of $195.00.

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.