TriaGen Wealth Management LLC Sells 100 Shares of The Boeing Company (NYSE:BA)

TriaGen Wealth Management LLC trimmed its position in shares of The Boeing Company (NYSE:BA) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,636 shares of the aircraft producer’s stock after selling 100 shares during the period. TriaGen Wealth Management LLC’s holdings in Boeing were worth $2,237,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sugar Maple Asset Management LLC purchased a new position in shares of Boeing during the fourth quarter valued at about $27,000. Fiduciary Advisors Inc. purchased a new position in shares of Boeing during the fourth quarter valued at about $28,000. RPg Family Wealth Advisory LLC purchased a new position in shares of Boeing during the third quarter valued at about $28,000. Cedar Wealth Management LLC purchased a new position in shares of Boeing during the third quarter valued at about $30,000. Finally, New Wave Wealth Advisors LLC purchased a new stake in Boeing in the fourth quarter worth about $38,000. 64.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on BA shares. Susquehanna upped their price objective on shares of Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a report on Wednesday. UBS Group upped their price objective on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday. Robert W. Baird cut their price objective 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. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $190.00 to $210.00 in a report on Monday, January 6th. Finally, Benchmark restated a “buy” rating and issued a $250.00 price objective on shares of Boeing in a report on Thursday, October 24th. 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 given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $195.00.

Boeing Trading Down 1.8 %

NYSE:BA opened at $176.26 on Friday. The company has a 50 day simple moving average of $168.96 and a two-hundred day simple moving average of $164.37. The company has a market cap of $108.96 billion, a PE ratio of -9.62 and a beta of 1.52. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $214.63.

Boeing (NYSE:BA) last released its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the prior year, the firm posted ($0.47) earnings per share. Research analysts forecast that The Boeing Company will post -1.61 earnings per share for the current 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.