The Boeing Company (NYSE:BA) Position Decreased by Opal Wealth Advisors LLC

Opal Wealth Advisors LLC decreased its holdings in shares of The Boeing Company (NYSE:BA) by 5.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,359 shares of the aircraft producer’s stock after selling 77 shares during the period. Opal Wealth Advisors LLC’s holdings in Boeing were worth $241,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Sugar Maple Asset Management LLC acquired a new position in shares of Boeing in the fourth quarter worth about $27,000. Fiduciary Advisors Inc. acquired a new position in shares of Boeing in the fourth quarter worth about $28,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Boeing in the third quarter worth about $28,000. Heck Capital Advisors LLC acquired a new position in shares of Boeing in the fourth quarter worth about $33,000. Finally, Keystone Financial Group Inc. acquired a new position in shares of Boeing in the fourth quarter worth about $34,000. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 0.5 %

Shares of BA opened at $180.58 on Tuesday. The company’s fifty day moving average is $172.22 and its 200-day moving average is $164.02. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $209.80. The firm has a market cap of $135.45 billion, a price-to-earnings ratio of -9.86 and a beta of 1.52.

Boeing (NYSE:BA) last posted its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter last year, the business posted ($0.47) EPS. As a group, research analysts predict that The Boeing Company will post -2.3 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. TD Cowen decreased their target price on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price target on shares of Boeing in a report on Wednesday, January 29th. Susquehanna upped their price objective on shares of Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a research note on Wednesday, January 29th. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Finally, Morgan Stanley cut their target price on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.16.

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.