Alliance Wealth Advisors LLC Sells 95 Shares of The Boeing Company (NYSE:BA)

Alliance Wealth Advisors LLC reduced its stake in shares of The Boeing Company (NYSE:BA) by 1.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,702 shares of the aircraft producer’s stock after selling 95 shares during the period. Alliance Wealth Advisors LLC’s holdings in Boeing were worth $1,009,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BA. Chaney Capital Management Inc. grew its position in shares of Boeing by 2.1% in the 4th quarter. Chaney Capital Management Inc. now owns 2,870 shares of the aircraft producer’s stock worth $508,000 after buying an additional 58 shares during the last quarter. Farmers & Merchants Investments Inc. increased its position in shares of Boeing by 0.6% during the fourth quarter. Farmers & Merchants Investments Inc. now owns 10,608 shares of the aircraft producer’s stock worth $1,878,000 after purchasing an additional 59 shares in the last quarter. Sterneck Capital Management LLC lifted its holdings in shares of Boeing by 2.3% during the 4th quarter. Sterneck Capital Management LLC now owns 2,992 shares of the aircraft producer’s stock valued at $530,000 after purchasing an additional 66 shares during the last quarter. Peoples Financial Services CORP. boosted its position in shares of Boeing by 0.8% in the 3rd quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer’s stock worth $1,352,000 after purchasing an additional 67 shares in the last quarter. Finally, GSG Advisors LLC grew its stake in Boeing by 4.7% during the 4th quarter. GSG Advisors LLC now owns 1,490 shares of the aircraft producer’s stock worth $264,000 after buying an additional 67 shares during the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BA. Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. Citigroup decreased their price target on shares of Boeing from $209.00 to $207.00 and set a “buy” rating for the company in a report on Friday, January 24th. Sanford C. Bernstein downgraded Boeing from an “outperform” rating to a “market perform” rating and cut their target price for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. TD Cowen reduced their target price on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Finally, Benchmark reiterated a “buy” rating and set a $250.00 price target on shares of Boeing in a research note on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $195.00.

Boeing Stock Performance

Boeing stock opened at $181.51 on Friday. The company has a market capitalization of $136.14 billion, a PE ratio of -9.91 and a beta of 1.52. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $213.10. The firm has a 50 day moving average price of $172.22 and a 200 day moving average price of $164.29.

Boeing (NYSE:BA) last posted its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period last year, the business posted ($0.47) EPS. As a group, equities research analysts forecast that The Boeing Company will post -2.3 earnings per share for the current year.

About Boeing

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.