Smallwood Wealth Investment Management LLC Sells 178 Shares of The Boeing Company (NYSE:BA)

Smallwood Wealth Investment Management LLC lessened its stake in The Boeing Company (NYSE:BA) by 9.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,648 shares of the aircraft producer’s stock after selling 178 shares during the quarter. Smallwood Wealth Investment Management LLC’s holdings in Boeing were worth $292,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of BA. Sugar Maple Asset Management LLC purchased a new stake in Boeing in the fourth quarter valued at approximately $27,000. RPg Family Wealth Advisory LLC purchased a new stake in shares of Boeing during the third quarter worth about $28,000. Cedar Wealth Management LLC bought a new stake in shares of Boeing in the 3rd quarter worth approximately $30,000. Albion Financial Group UT boosted its holdings in Boeing by 116.1% in the fourth quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer’s stock valued at $52,000 after acquiring an additional 159 shares in the last quarter. Finally, Planning Capital Management Corp grew its holdings in shares of Boeing by 741.0% during the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after acquiring an additional 289 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on BA shares. DZ Bank lowered 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. Robert W. Baird reduced their price objective on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $195.00 to $169.00 in a research note on Wednesday, October 30th. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. Finally, Morgan Stanley dropped their price target on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $192.21.

Boeing Stock Performance

Shares of NYSE BA opened at $178.34 on Friday. The firm has a market capitalization of $110.25 billion, a P/E ratio of -13.82 and a beta of 1.52. The company’s fifty day moving average is $164.90 and its two-hundred day moving average is $164.53. The Boeing Company has a one year low of $137.03 and a one year high of $217.59.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the firm earned ($3.26) earnings per share. On average, sell-side analysts forecast that The Boeing Company will post -16.36 earnings per share for the current fiscal year.

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.