Founders Financial Alliance LLC Cuts Stock Position in The Boeing Company (NYSE:BA)

Founders Financial Alliance LLC trimmed its stake in shares of The Boeing Company (NYSE:BA) by 18.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,048 shares of the aircraft producer’s stock after selling 473 shares during the period. Founders Financial Alliance LLC’s holdings in Boeing were worth $363,000 at the end of the most recent quarter.

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

Insider Activity

In related news, EVP Uma M. Amuluru sold 3,159 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total transaction of $570,799.71. Following the sale, the executive vice president now directly owns 19,213 shares in the company, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.16% of the company’s stock.

Boeing Price Performance

Shares of NYSE:BA opened at $154.19 on Wednesday. The firm has a market capitalization of $115.65 billion, a PE ratio of -8.42 and a beta of 1.53. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $196.95. The firm’s 50-day moving average is $174.00 and its two-hundred day moving average is $163.83.

Boeing (NYSE:BA) last announced its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the previous year, the firm earned ($0.47) EPS. Analysts expect that The Boeing Company will post -2.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

BA has been the subject of a number of recent research reports. Wells Fargo & Company increased their target price on shares of Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. boosted their target price on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Boeing in a report on Wednesday, January 29th. Citigroup raised their target price on Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a research note on Monday, February 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Two equities 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $195.16.

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.