Primoris Wealth Advisors LLC Has $1.14 Million Holdings in The Boeing Company (NYSE:BA)

Primoris Wealth Advisors LLC cut its holdings in shares of The Boeing Company (NYSE:BA) by 7.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,443 shares of the aircraft producer’s stock after selling 544 shares during the period. Primoris Wealth Advisors LLC’s holdings in Boeing were worth $1,140,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Sierra Ocean LLC bought a new stake in shares of Boeing during the fourth quarter valued at approximately $26,000. Sugar Maple Asset Management LLC acquired a new position in Boeing during the 4th quarter worth $27,000. Fiduciary Advisors Inc. bought a new position in Boeing in the 4th quarter valued at $28,000. HighMark Wealth Management LLC increased its stake in shares of Boeing by 121.6% in the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after buying an additional 90 shares during the period. Finally, Anfield Capital Management LLC lifted its stake in shares of Boeing by 113.1% during the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock valued at $32,000 after acquiring an additional 95 shares during the period. Institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on BA. Melius upgraded Boeing from a “hold” rating to a “buy” rating in a research report on Monday, March 24th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. upped their price target on Boeing from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Wednesday, January 29th. Finally, StockNews.com raised shares of Boeing to a “sell” rating in a research report on Saturday, April 5th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $196.10.

Boeing Trading Up 0.9 %

Shares of BA opened at $156.95 on Friday. The company’s fifty day simple moving average is $168.68 and its 200 day simple moving average is $163.94. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $196.95. The company has a market cap of $117.73 billion, a price-to-earnings ratio of -8.57 and a beta of 1.24.

Boeing (NYSE:BA) last issued its 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 quarter last year, the business posted ($0.47) EPS. As a group, research analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Insider Transactions at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the 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 transaction, the executive vice president now directly owns 19,213 shares of the company’s stock, valued at $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.09% of the stock is currently owned by corporate insiders.

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.