The Boeing Company (NYSE:BA) Shares Sold by IHT Wealth Management LLC

IHT Wealth Management LLC lessened its stake in The Boeing Company (NYSE:BA) by 12.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 36,762 shares of the aircraft producer’s stock after selling 5,146 shares during the quarter. IHT Wealth Management LLC’s holdings in Boeing were worth $6,507,000 as of its most recent SEC filing.

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

Boeing Price Performance

NYSE BA opened at $161.84 on Monday. The company has a fifty day moving average of $166.41 and a two-hundred day moving average of $164.21. The Boeing Company has a 1 year low of $128.88 and a 1 year high of $196.95. The company has a market capitalization of $121.39 billion, a PE ratio of -8.83 and a beta of 1.24.

Boeing (NYSE:BA) last released 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 in the prior year, the business earned ($0.47) earnings per share. On average, research analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BA. Melius Research set a $204.00 target price on shares of Boeing in a research note on Monday, March 24th. UBS Group raised their target price on Boeing from $208.00 to $217.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Susquehanna boosted their price target on Boeing from $200.00 to $205.00 and gave the stock a “positive” rating in a research report on Wednesday, January 29th. Wells Fargo & Company dropped their target price on shares of Boeing from $113.00 to $111.00 and set an “underweight” rating for the company in a report on Tuesday, April 15th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $198.95.

Insider Transactions at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of Boeing stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total value of $570,799.71. Following the sale, the executive vice president now owns 19,213 shares of the company’s stock, valued at approximately $3,471,596.97. The trade was a 14.12 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.09% of the company’s stock.

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.