Blue Barn Wealth LLC Reduces Holdings in The Boeing Company (NYSE:BA)

Blue Barn Wealth LLC cut its position in The Boeing Company (NYSE:BA) by 32.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,553 shares of the aircraft producer’s stock after selling 732 shares during the quarter. Blue Barn Wealth LLC’s holdings in Boeing were worth $275,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in BA. Freestone Capital Holdings LLC increased its stake in shares of Boeing by 2.8% in the fourth quarter. Freestone Capital Holdings LLC now owns 9,251 shares of the aircraft producer’s stock worth $1,637,000 after buying an additional 255 shares during the last quarter. Pinnacle Wealth Planning Services Inc. raised its stake in shares of Boeing by 19.9% in the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 4,441 shares of the aircraft producer’s stock valued at $786,000 after purchasing an additional 738 shares in the last quarter. Lindbrook Capital LLC lifted its position in shares of Boeing by 4.6% during the fourth quarter. Lindbrook Capital LLC now owns 13,011 shares of the aircraft producer’s stock worth $2,303,000 after purchasing an additional 567 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Boeing in the fourth quarter valued at about $230,944,000. Finally, Arizona State Retirement System raised its stake in Boeing by 25.6% during the fourth quarter. Arizona State Retirement System now owns 210,519 shares of the aircraft producer’s stock valued at $37,262,000 after buying an additional 42,872 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Price Performance

Shares of BA opened at $163.34 on Thursday. The firm’s 50 day moving average is $176.00 and its 200-day moving average is $164.49. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $203.80. The stock has a market capitalization of $122.52 billion, a P/E ratio of -8.92 and a beta of 1.52.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the previous year, the business posted ($0.47) EPS. As a group, equities research analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BA. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a report on Thursday, December 12th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday, January 29th. Barclays raised Boeing from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. UBS Group boosted their price target on shares of Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Finally, Wells Fargo & Company lifted their price objective on shares of Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $195.16.

Insider Buying and Selling

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the transaction, the executive vice president now directly owns 19,213 shares in the company, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.16% of the company’s stock.

Boeing Company 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.