Baker Tilly Wealth Management LLC Sells 360 Shares of The Boeing Company (NYSE:BA)

Baker Tilly Wealth Management LLC cut its stake in shares of The Boeing Company (NYSE:BA) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,893 shares of the aircraft producer’s stock after selling 360 shares during the quarter. Boeing accounts for about 0.8% of Baker Tilly Wealth Management LLC’s holdings, making the stock its 27th biggest holding. Baker Tilly Wealth Management LLC’s holdings in Boeing were worth $1,928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Strategic Financial Concepts LLC purchased a new stake in Boeing in the second quarter worth approximately $41,000. Angeles Wealth Management LLC lifted its stake in Boeing by 11.0% in the second quarter. Angeles Wealth Management LLC now owns 1,691 shares of the aircraft producer’s stock worth $308,000 after purchasing an additional 167 shares during the last quarter. American Century Companies Inc. lifted its stake in shares of Boeing by 20.8% in the 2nd quarter. American Century Companies Inc. now owns 44,992 shares of the aircraft producer’s stock valued at $8,189,000 after acquiring an additional 7,739 shares during the last quarter. BOKF NA grew its position in Boeing by 14.1% during the 2nd quarter. BOKF NA now owns 18,589 shares of the aircraft producer’s stock worth $3,383,000 after acquiring an additional 2,298 shares during the last quarter. Finally, PFG Advisors increased its stake in Boeing by 16.6% in the 2nd quarter. PFG Advisors now owns 5,100 shares of the aircraft producer’s stock worth $928,000 after purchasing an additional 726 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 1.4 %

Boeing stock traded down $2.34 during trading hours on Friday, hitting $169.42. The stock had a trading volume of 1,706,709 shares, compared to its average volume of 7,942,125. The stock’s 50-day moving average price is $161.04 and its 200-day moving average price is $165.37. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $228.28. The stock has a market capitalization of $104.74 billion, a P/E ratio of -13.13 and a beta of 1.52.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same quarter last year, the company posted ($3.26) EPS. The company’s revenue was down 1.5% on a year-over-year basis. On average, research analysts expect that The Boeing Company will post -16.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on BA. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. TD Cowen cut their price target 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. Benchmark reaffirmed a “buy” rating and set a $250.00 price objective on shares of Boeing in a research note on Thursday, October 24th. DZ Bank cut Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a research note on Tuesday, October 15th. Finally, Robert W. Baird lowered their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $192.21.

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.