Tcfg Wealth Management LLC Sells 83 Shares of The Boeing Company (NYSE:BA)

Tcfg Wealth Management LLC lowered its stake in shares of The Boeing Company (NYSE:BA) by 4.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,800 shares of the aircraft producer’s stock after selling 83 shares during the quarter. Tcfg Wealth Management LLC’s holdings in Boeing were worth $319,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in BA. Sugar Maple Asset Management LLC bought a new stake in Boeing during the fourth quarter worth approximately $27,000. RPg Family Wealth Advisory LLC bought a new stake in Boeing during the third quarter worth approximately $28,000. Fiduciary Advisors Inc. bought a new stake in shares of Boeing in the fourth quarter valued at approximately $28,000. Cedar Wealth Management LLC bought a new stake in shares of Boeing in the third quarter valued at approximately $30,000. Finally, Heck Capital Advisors LLC bought a new stake in shares of Boeing in the fourth quarter valued at approximately $33,000. Institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. increased their price objective on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a research report on Wednesday, January 29th. UBS Group increased their price objective on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft increased their price objective on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Finally, Morgan Stanley reduced their price objective on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $195.16.

Boeing Price Performance

Boeing stock opened at $184.52 on Friday. The stock has a fifty day moving average price of $174.96 and a two-hundred day moving average price of $164.24. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $208.10. The firm has a market capitalization of $138.40 billion, a P/E ratio of -10.07 and a beta of 1.52.

Boeing (NYSE:BA) last released 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. On average, equities research analysts predict that The Boeing Company will post -2.3 EPS for the current fiscal 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.