American Financial Advisors LLC Sells 100 Shares of The Boeing Company (NYSE:BA)

American Financial Advisors LLC reduced its stake in The Boeing Company (NYSE:BA) by 4.5% during the 4th quarter, HoldingsChannel reports. The firm owned 2,114 shares of the aircraft producer’s stock after selling 100 shares during the quarter. American Financial Advisors LLC’s holdings in Boeing were worth $374,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Guyasuta Investment Advisors Inc. grew its stake in Boeing by 13.8% during the fourth quarter. Guyasuta Investment Advisors Inc. now owns 8,445 shares of the aircraft producer’s stock worth $1,495,000 after buying an additional 1,025 shares during the last quarter. Aveo Capital Partners LLC increased its holdings in Boeing by 56.1% during the 4th quarter. Aveo Capital Partners LLC now owns 50,626 shares of the aircraft producer’s stock valued at $8,961,000 after purchasing an additional 18,193 shares in the last quarter. Manchester Capital Management LLC raised its position in Boeing by 3.2% in the 4th quarter. Manchester Capital Management LLC now owns 3,203 shares of the aircraft producer’s stock valued at $567,000 after purchasing an additional 98 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its holdings in shares of Boeing by 88.9% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 7,639 shares of the aircraft producer’s stock worth $1,352,000 after purchasing an additional 3,594 shares during the last quarter. Finally, Constant Guidance Financial LLC acquired a new stake in shares of Boeing in the fourth quarter valued at $804,000. Institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

BA has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Morgan Stanley lowered their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. JPMorgan Chase & Co. upped their price objective on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday, January 29th. Finally, Citigroup raised their price target on Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a report on Monday, February 10th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.16.

Boeing Trading Down 0.5 %

NYSE:BA opened at $184.52 on Friday. The stock has a market cap of $138.40 billion, a price-to-earnings ratio of -10.07 and a beta of 1.52. The stock has a 50-day moving average price of $174.96 and a two-hundred day moving average price of $164.24. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $208.10.

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 period last year, the company earned ($0.47) earnings per share. Sell-side analysts forecast that The Boeing Company will post -2.3 earnings per share for the current year.

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.