Beaumont Financial Advisors LLC Cuts Holdings in The Boeing Company (NYSE:BA)

Beaumont Financial Advisors LLC decreased its position in The Boeing Company (NYSE:BA) by 24.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,142 shares of the aircraft producer’s stock after selling 362 shares during the period. Beaumont Financial Advisors LLC’s holdings in Boeing were worth $202,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Mitsubishi UFJ Asset Management UK Ltd. bought a new stake in Boeing during the fourth quarter worth $3,186,000. Fort Washington Investment Advisors Inc. OH raised its stake in shares of Boeing by 17.0% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 744,465 shares of the aircraft producer’s stock worth $131,770,000 after purchasing an additional 108,369 shares during the period. TB Alternative Assets Ltd. purchased a new position in shares of Boeing in the 4th quarter worth about $68,018,000. ARS Investment Partners LLC bought a new position in Boeing during the fourth quarter valued at about $16,276,000. Finally, Royal Fund Management LLC purchased a new stake in Boeing during the fourth quarter worth about $201,000. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Shares of BA opened at $178.34 on Friday. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $217.59. The company has a market capitalization of $110.25 billion, a P/E ratio of -13.82 and a beta of 1.52. The firm’s 50 day simple moving average is $164.90 and its 200 day simple moving average is $164.53.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the prior year, the company earned ($3.26) earnings per share. The business’s revenue was down 1.5% compared to the same quarter last year. On average, equities analysts anticipate that The Boeing Company will post -16.36 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently weighed in on BA. Benchmark reissued a “buy” rating and set a $250.00 target price on shares of Boeing in a research report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft increased their price objective on Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. UBS Group dropped their price target on Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a report on Wednesday, October 30th. Finally, DZ Bank downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a report on Tuesday, October 15th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $192.21.

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.