Fi3 FINANCIAL ADVISORS LLC Trims Position in The Boeing Company (NYSE:BA)

Fi3 FINANCIAL ADVISORS LLC cut its holdings in shares of The Boeing Company (NYSE:BA) by 3.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,926 shares of the aircraft producer’s stock after selling 71 shares during the quarter. Fi3 FINANCIAL ADVISORS LLC’s holdings in Boeing were worth $502,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Jennison Associates LLC purchased a new stake in shares of Boeing in the 4th quarter valued at approximately $960,397,000. Lazard Asset Management LLC grew its stake in shares of Boeing by 8,961.2% in the 3rd quarter. Lazard Asset Management LLC now owns 1,161,461 shares of the aircraft producer’s stock valued at $222,628,000 after buying an additional 1,148,643 shares during the period. Barclays PLC grew its stake in shares of Boeing by 54.5% in the 3rd quarter. Barclays PLC now owns 2,351,731 shares of the aircraft producer’s stock valued at $450,783,000 after buying an additional 829,321 shares during the period. Invesco Ltd. grew its stake in shares of Boeing by 30.1% in the 3rd quarter. Invesco Ltd. now owns 3,279,421 shares of the aircraft producer’s stock valued at $628,599,000 after buying an additional 759,267 shares during the period. Finally, Cerity Partners LLC grew its stake in shares of Boeing by 726.7% in the 4th quarter. Cerity Partners LLC now owns 624,906 shares of the aircraft producer’s stock valued at $162,888,000 after buying an additional 549,318 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Trading Up 0.5 %

NYSE:BA traded up $0.94 during midday trading on Friday, hitting $179.79. 5,416,263 shares of the company were exchanged, compared to its average volume of 8,228,397. The company has a fifty day simple moving average of $183.74 and a 200 day simple moving average of $205.91. The Boeing Company has a fifty-two week low of $159.70 and a fifty-two week high of $267.54. The company has a market capitalization of $110.37 billion, a PE ratio of -50.64 and a beta of 1.54.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, topping the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. During the same quarter in the prior year, the business earned ($1.75) earnings per share. Boeing’s revenue was up 10.2% compared to the same quarter last year. As a group, equities research analysts expect that The Boeing Company will post -0.18 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Benchmark reissued a “buy” rating and issued a $250.00 price target on shares of Boeing in a research note on Tuesday, March 26th. UBS Group lowered their price objective on shares of Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, March 21st. TD Cowen lowered their price objective on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a research report on Monday, March 25th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Boeing from $240.00 to $225.00 and set a “buy” rating for the company in a research report on Thursday, April 25th. Finally, Wells Fargo & Company lowered their price objective on shares of Boeing from $225.00 to $215.00 and set an “equal weight” rating for the company in a research report on Thursday, February 1st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $222.41.

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.