West Wealth Group LLC Cuts Stock Holdings in The Boeing Company (NYSE:BA)

West Wealth Group LLC lowered its stake in The Boeing Company (NYSE:BA) by 14.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 7,215 shares of the aircraft producer’s stock after selling 1,215 shares during the period. Boeing makes up approximately 0.4% of West Wealth Group LLC’s portfolio, making the stock its 29th biggest holding. West Wealth Group LLC’s holdings in Boeing were worth $1,277,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of BA. Sugar Maple Asset Management LLC purchased a new position in shares of Boeing in the fourth quarter valued at about $27,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Boeing in the third quarter worth about $28,000. Cedar Wealth Management LLC purchased a new position in Boeing during the 3rd quarter valued at about $30,000. Planning Capital Management Corp raised its position in Boeing by 741.0% during the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after purchasing an additional 289 shares during the last quarter. Finally, Albion Financial Group UT lifted its holdings in Boeing by 116.1% in the 4th quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer’s stock worth $52,000 after buying an additional 159 shares during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 1.4 %

Shares of BA opened at $175.95 on Monday. The company has a market capitalization of $108.77 billion, a P/E ratio of -13.64 and a beta of 1.52. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $214.63. The firm has a 50 day moving average of $166.42 and a 200 day moving average of $164.29.

Analyst Ratings Changes

Several research firms have recently issued reports on BA. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $190.00 to $210.00 in a research report on Monday, January 6th. DZ Bank cut Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research report on Tuesday, October 15th. Robert W. Baird decreased their target price on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Finally, 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. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $192.11.

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.