Leo Wealth LLC Trims Stake in The Boeing Company (NYSE:BA)

Leo Wealth LLC cut its stake in shares of The Boeing Company (NYSE:BA) by 23.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,895 shares of the aircraft producer’s stock after selling 584 shares during the period. Leo Wealth LLC’s holdings in Boeing were worth $335,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of BA. Sugar Maple Asset Management LLC purchased a new position in shares of Boeing during the 4th quarter valued at about $27,000. Fiduciary Advisors Inc. purchased a new stake in Boeing in the 4th quarter worth approximately $28,000. RPg Family Wealth Advisory LLC bought a new stake in Boeing during the 3rd quarter worth approximately $28,000. Heck Capital Advisors LLC purchased a new position in Boeing during the fourth quarter valued at approximately $33,000. Finally, Cedar Wealth Management LLC bought a new position in shares of Boeing in the third quarter worth approximately $30,000. Institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Northcoast Research upgraded Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Benchmark reiterated a “buy” rating and set a $250.00 target price on shares of Boeing in a research report on Thursday, October 24th. Robert W. Baird decreased their target price on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Finally, Wells Fargo & Company upped their price target on Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $195.00.

Boeing Price Performance

Shares of NYSE BA opened at $181.51 on Friday. The stock has a market capitalization of $112.21 billion, a P/E ratio of -9.91 and a beta of 1.52. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $213.10. The business’s 50 day moving average is $171.70 and its two-hundred day moving average is $164.27.

Boeing (NYSE:BA) last released its quarterly 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. As a group, equities research analysts anticipate that The Boeing Company will post -2.12 earnings per share for the current fiscal 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.