Silverlake Wealth Management LLC Lowers Holdings in The Boeing Company (NYSE:BA)

Silverlake Wealth Management LLC lowered its stake in shares of The Boeing Company (NYSE:BA) by 3.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,016 shares of the aircraft producer’s stock after selling 98 shares during the period. Silverlake Wealth Management LLC’s holdings in Boeing were worth $534,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in BA. Sugar Maple Asset Management LLC purchased a new stake in shares of Boeing during the 4th quarter valued at $27,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Boeing during the 3rd quarter valued at $28,000. Fiduciary Advisors Inc. purchased a new stake in shares of Boeing during the 4th quarter valued at $28,000. Cedar Wealth Management LLC purchased a new stake in shares of Boeing during the 3rd quarter valued at $30,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of Boeing during the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Wells Fargo & Company increased their target price on shares of Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. Susquehanna increased their target price on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. TD Cowen reduced their target price on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Finally, UBS Group increased their target price on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and a consensus price target of $195.00.

Boeing Trading Up 0.3 %

Shares of BA opened at $176.40 on Wednesday. The firm’s 50-day moving average price is $169.95 and its 200-day moving average price is $164.02. The firm has a market capitalization of $109.05 billion, a price-to-earnings ratio of -9.63 and a beta of 1.52. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $213.77.

Boeing (NYSE:BA) last announced its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the previous year, the company earned ($0.47) EPS. On average, research analysts forecast that The Boeing Company will post -2.12 EPS for the current fiscal year.

Boeing Company 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.