Quotient Wealth Partners LLC Has $248,000 Holdings in The Boeing Company (NYSE:BA)

Quotient Wealth Partners LLC trimmed its holdings in shares of The Boeing Company (NYSE:BA) by 8.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,403 shares of the aircraft producer’s stock after selling 127 shares during the period. Quotient Wealth Partners LLC’s holdings in Boeing were worth $248,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC boosted its holdings in Boeing by 691.3% in the third quarter. Exchange Traded Concepts LLC now owns 1,725 shares of the aircraft producer’s stock valued at $262,000 after acquiring an additional 1,507 shares during the last quarter. Orca Investment Management LLC grew its position in shares of Boeing by 10.4% during the 3rd quarter. Orca Investment Management LLC now owns 3,840 shares of the aircraft producer’s stock worth $584,000 after buying an additional 361 shares during the period. Procyon Advisors LLC raised its stake in shares of Boeing by 2.5% during the third quarter. Procyon Advisors LLC now owns 54,570 shares of the aircraft producer’s stock worth $8,299,000 after buying an additional 1,355 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in Boeing in the third quarter valued at approximately $141,000. Finally, Adamsbrown Wealth Consultants LLC boosted its stake in Boeing by 8.5% in the third quarter. Adamsbrown Wealth Consultants LLC now owns 2,204 shares of the aircraft producer’s stock valued at $335,000 after acquiring an additional 173 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 0.5 %

Shares of BA stock opened at $180.58 on Tuesday. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $209.80. The firm has a 50 day moving average price of $172.22 and a two-hundred day moving average price of $164.02. The company has a market capitalization of $135.45 billion, a PE ratio of -9.86 and a beta of 1.52.

Boeing (NYSE:BA) last released its quarterly earnings results 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 company earned ($0.47) EPS. As a group, research analysts expect that The Boeing Company will post -2.3 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on BA shares. JPMorgan Chase & Co. increased their price target on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Morgan Stanley decreased their target price on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. Northcoast Research upgraded shares of Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. TD Cowen decreased their price objective 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. Finally, Robert W. Baird cut their target price on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $195.16.

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.