V2 Financial group LLC Cuts Stock Holdings in The Boeing Company (NYSE:BA)

V2 Financial group LLC decreased its position in The Boeing Company (NYSE:BA) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,468 shares of the aircraft producer’s stock after selling 387 shares during the quarter. Boeing accounts for approximately 1.8% of V2 Financial group LLC’s holdings, making the stock its 9th largest holding. V2 Financial group LLC’s holdings in Boeing were worth $2,915,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Sugar Maple Asset Management LLC bought a new position in shares of Boeing during the 4th quarter worth approximately $27,000. Fiduciary Advisors Inc. acquired a new position in Boeing during the fourth quarter worth $28,000. RPg Family Wealth Advisory LLC bought a new position in Boeing in the third quarter valued at $28,000. Heck Capital Advisors LLC acquired a new stake in Boeing in the 4th quarter valued at $33,000. Finally, Keystone Financial Group Inc. bought a new stake in Boeing during the 4th quarter worth about $34,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Trading Down 1.8 %

Boeing stock opened at $181.51 on Monday. The company has a market capitalization of $136.14 billion, a price-to-earnings ratio of -9.91 and a beta of 1.52. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $213.10. The stock’s 50 day moving average is $172.22 and its 200-day moving average is $164.13.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the previous year, the business earned ($0.47) earnings per share. As a group, equities research analysts predict that The Boeing Company will post -2.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BA. TD Cowen decreased their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Sanford C. Bernstein downgraded Boeing from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. Susquehanna upped their price objective on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research note on Wednesday, January 29th. Wells Fargo & Company raised their target price on shares of Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. Finally, DZ Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a research report on Tuesday, October 15th. 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’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $195.00.

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.