Asset Dedication LLC Decreases Holdings in The Boeing Company (NYSE:BA)

Asset Dedication LLC reduced its stake in The Boeing Company (NYSE:BA) by 39.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,547 shares of the aircraft producer’s stock after selling 4,306 shares during the quarter. Asset Dedication LLC’s holdings in Boeing were worth $1,159,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Sugar Maple Asset Management LLC purchased a new position in Boeing in the fourth quarter valued at about $27,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Boeing in the 3rd quarter worth approximately $28,000. Cedar Wealth Management LLC purchased a new position in shares of Boeing during the 3rd quarter valued at $30,000. Albion Financial Group UT boosted its stake in Boeing by 116.1% in the 4th quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer’s stock worth $52,000 after purchasing an additional 159 shares during the period. Finally, Planning Capital Management Corp grew its position 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 valued at $50,000 after purchasing an additional 289 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of NYSE BA opened at $174.03 on Thursday. The firm’s fifty day moving average is $167.68 and its two-hundred day moving average is $164.19. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $214.63. The company has a market cap of $107.58 billion, a P/E ratio of -13.49 and a beta of 1.52.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period last year, the firm earned ($0.47) EPS. As a group, analysts forecast that The Boeing Company will post -16.39 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on BA shares. Deutsche Bank Aktiengesellschaft increased their price objective on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $190.00 to $210.00 in a research report on Monday, January 6th. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research report on Wednesday. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $195.00.

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.