Aspiriant LLC Sells 82 Shares of The Boeing Company (NYSE:BA)

Aspiriant LLC lowered its stake in shares of The Boeing Company (NYSE:BA) by 5.8% during the fourth quarter, HoldingsChannel reports. The firm owned 1,321 shares of the aircraft producer’s stock after selling 82 shares during the quarter. Aspiriant LLC’s holdings in Boeing were worth $234,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Sugar Maple Asset Management LLC bought a new stake in Boeing during the fourth quarter worth $27,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Boeing in the 3rd quarter valued at about $28,000. Cedar Wealth Management LLC acquired a new stake in Boeing in the 3rd quarter valued at about $30,000. Planning Capital Management Corp grew its holdings in Boeing by 741.0% during the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after purchasing an additional 289 shares during the period. Finally, Truvestments Capital LLC acquired a new position in Boeing during the third quarter worth approximately $58,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Up 2.7 %

Shares of NYSE:BA opened at $175.63 on Wednesday. The stock has a market capitalization of $108.58 billion, a PE ratio of -13.61 and a beta of 1.52. The firm has a 50 day moving average of $163.59 and a 200-day moving average of $164.52. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $217.59.

Boeing (NYSE:BA) last released its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share 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 analysts’ expectations of $17.81 billion. Boeing’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($3.26) EPS. On average, research analysts predict that The Boeing Company will post -16.43 EPS for the current fiscal year.

Analysts Set New Price Targets

BA has been the subject of several research analyst reports. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. DZ Bank downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a report on Tuesday, October 15th. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Wells Fargo & Company cut their price objective on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research report on Monday, November 4th. Finally, Sanford C. Bernstein downgraded Boeing from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and an average target price 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.