Stratos Wealth Partners LTD. Has $4.55 Million Position in The Boeing Company (NYSE:BA)

Stratos Wealth Partners LTD. lessened its holdings in The Boeing Company (NYSE:BA) by 6.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,689 shares of the aircraft producer’s stock after selling 1,738 shares during the period. Stratos Wealth Partners LTD.’s holdings in Boeing were worth $4,547,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BA. Sugar Maple Asset Management LLC bought a new stake in Boeing during the 4th quarter worth approximately $27,000. RPg Family Wealth Advisory LLC acquired a new position in Boeing in the third quarter worth $28,000. Fiduciary Advisors Inc. bought a new stake in shares of Boeing during the fourth quarter worth $28,000. Cedar Wealth Management LLC acquired a new stake in shares of Boeing in the third quarter valued at $30,000. Finally, Heck Capital Advisors LLC bought a new position in shares of Boeing in the fourth quarter valued at about $33,000. Institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Citigroup decreased their price target on shares of Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a research note on Friday, January 24th. Benchmark reissued a “buy” rating and issued a $250.00 target price on shares of Boeing in a research note on Thursday, October 24th. Wells Fargo & Company upped their price target on Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and lifted their price objective 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 on the stock in a research report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $195.00.

Boeing Stock Performance

Shares of NYSE BA opened at $184.81 on Friday. The company has a 50 day simple moving average of $171.05 and a two-hundred day simple moving average of $164.12. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $213.77. The company has a market capitalization of $114.25 billion, a price-to-earnings ratio of -10.09 and a beta of 1.52.

Boeing (NYSE:BA) last issued its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the previous year, the company posted ($0.47) EPS. On average, analysts forecast that The Boeing Company will post -2.12 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.