TFG Advisers LLC Sells 791 Shares of The Boeing Company (NYSE:BA)

TFG Advisers LLC decreased its stake in The Boeing Company (NYSE:BA) by 19.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,251 shares of the aircraft producer’s stock after selling 791 shares during the period. TFG Advisers LLC’s holdings in Boeing were worth $575,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. CWM LLC raised its position in Boeing by 9.3% in the third quarter. CWM LLC now owns 26,552 shares of the aircraft producer’s stock valued at $4,037,000 after purchasing an additional 2,249 shares during the last quarter. Quotient Wealth Partners LLC raised its holdings in Boeing by 23.6% in the 3rd quarter. Quotient Wealth Partners LLC now owns 1,530 shares of the aircraft producer’s stock valued at $233,000 after buying an additional 292 shares during the last quarter. Watts Gwilliam & Co. LLC bought a new stake in Boeing during the 3rd quarter worth approximately $365,000. Scott Capital Advisors LLC increased its position in Boeing by 16.5% in the 3rd quarter. Scott Capital Advisors LLC now owns 1,557 shares of the aircraft producer’s stock valued at $237,000 after acquiring an additional 221 shares during the period. Finally, JGP Wealth Management LLC raised its stake in shares of Boeing by 18.7% during the third quarter. JGP Wealth Management LLC now owns 1,398 shares of the aircraft producer’s stock valued at $213,000 after acquiring an additional 220 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Down 1.8 %

Shares of BA opened at $181.51 on Friday. The business’s fifty day moving average is $171.70 and its 200 day moving average is $164.27. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $213.10. The stock has a market cap of $112.21 billion, a P/E ratio of -9.91 and a beta of 1.52.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the previous year, the business posted ($0.47) EPS. On average, analysts expect that The Boeing Company will post -2.12 EPS for the current year.

Wall Street Analyst Weigh In

BA has been the subject of a number of recent research reports. Sanford C. Bernstein downgraded Boeing from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. DZ Bank downgraded Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a research report on Tuesday, October 15th. TD Cowen reduced their target price on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Morgan Stanley lowered their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. Finally, Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $195.00.

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.