tru Independence LLC Sells 1,951 Shares of The Boeing Company (NYSE:BA)

tru Independence LLC decreased its position in The Boeing Company (NYSE:BA) by 5.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,228 shares of the aircraft producer’s stock after selling 1,951 shares during the period. Boeing accounts for 1.7% of tru Independence LLC’s portfolio, making the stock its 22nd largest position. tru Independence LLC’s holdings in Boeing were worth $5,527,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Sugar Maple Asset Management LLC bought a new position in Boeing during the 4th quarter worth approximately $27,000. RPg Family Wealth Advisory LLC acquired a new position in shares of Boeing during the third quarter worth about $28,000. Cedar Wealth Management LLC bought a new position in shares of Boeing during the 3rd quarter worth approximately $30,000. Albion Financial Group UT lifted its position in shares of Boeing by 116.1% in the fourth quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer’s stock worth $52,000 after purchasing an additional 159 shares in the last quarter. Finally, Planning Capital Management Corp boosted its stake in shares of Boeing by 741.0% during the 3rd quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after buying an additional 289 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 0.0 %

NYSE BA opened at $176.15 on Monday. The stock has a fifty day simple moving average of $166.42 and a 200 day simple moving average of $164.29. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $214.63. The company has a market capitalization of $108.89 billion, a price-to-earnings ratio of -13.69 and a beta of 1.52.

Wall Street Analyst Weigh In

Several analysts have issued reports on BA shares. Morgan Stanley dropped their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. Citigroup lowered their price target on shares of Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a research report on Friday. 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. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Boeing from $184.00 to $215.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.11.

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.