United Asset Strategies Inc. Sells 2,303 Shares of The Boeing Company (NYSE:BA)

United Asset Strategies Inc. reduced its holdings in shares of The Boeing Company (NYSE:BA) by 66.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,157 shares of the aircraft producer’s stock after selling 2,303 shares during the period. United Asset Strategies Inc.’s holdings in Boeing were worth $205,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cornerstone Wealth Group LLC raised its holdings in shares of Boeing by 20.3% in the 4th quarter. Cornerstone Wealth Group LLC now owns 1,583 shares of the aircraft producer’s stock worth $280,000 after buying an additional 267 shares in the last quarter. KBC Group NV lifted its holdings in shares of Boeing by 32.9% during the fourth quarter. KBC Group NV now owns 60,599 shares of the aircraft producer’s stock valued at $10,726,000 after acquiring an additional 15,016 shares during the period. Union Bancaire Privee UBP SA bought a new position in shares of Boeing during the fourth quarter valued at $126,000. Blue Trust Inc. boosted its stake in shares of Boeing by 6.4% in the 4th quarter. Blue Trust Inc. now owns 16,963 shares of the aircraft producer’s stock valued at $3,002,000 after purchasing an additional 1,013 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC increased its position in shares of Boeing by 9.3% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 21,948 shares of the aircraft producer’s stock worth $3,885,000 after purchasing an additional 1,874 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on BA. UBS Group dropped their price objective on shares of Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 24th. DZ Bank downgraded Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a research report on Tuesday, October 15th. Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft raised their target price on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Finally, Benchmark reissued a “buy” rating and set a $250.00 price objective on shares of Boeing in a 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 assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and a consensus price target of $192.11.

Boeing Price Performance

Shares of BA stock opened at $175.09 on Tuesday. The stock has a 50-day moving average of $166.42 and a 200-day moving average of $164.29. The Boeing Company has a one year low of $137.03 and a one year high of $214.63. The stock has a market cap of $108.24 billion, a PE ratio of -13.57 and a beta of 1.52.

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.