Octavia Wealth Advisors LLC Sells 2,192 Shares of The Boeing Company (NYSE:BA)

Octavia Wealth Advisors LLC decreased its holdings in shares of The Boeing Company (NYSE:BA) by 56.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,707 shares of the aircraft producer’s stock after selling 2,192 shares during the quarter. Octavia Wealth Advisors LLC’s holdings in Boeing were worth $302,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Sugar Maple Asset Management LLC acquired a new position in Boeing during the fourth quarter valued at approximately $27,000. RPg Family Wealth Advisory LLC acquired a new position in Boeing during the third quarter valued at approximately $28,000. Cedar Wealth Management LLC acquired a new position in Boeing during the third quarter valued at approximately $30,000. Planning Capital Management Corp grew its holdings in Boeing by 741.0% during the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after purchasing an additional 289 shares during the period. Finally, Truvestments Capital LLC bought a new position in Boeing in the third quarter valued at approximately $58,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Price Performance

NYSE:BA opened at $175.63 on Wednesday. The Boeing Company has a one year low of $137.03 and a one year high of $217.59. The company has a market cap of $108.58 billion, a P/E ratio of -13.61 and a beta of 1.52. The firm’s fifty day moving average price is $163.59 and its two-hundred day moving average price is $164.52.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the previous year, the business earned ($3.26) EPS. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. As a group, equities research analysts expect that The Boeing Company will post -16.43 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Northcoast Research raised shares of Boeing from a “sell” rating to a “neutral” rating in a research note on Thursday, December 12th. Morgan Stanley cut 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 note on Thursday, October 24th. The Goldman Sachs Group cut their price objective on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Finally, UBS Group cut their price objective on shares of Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $192.21.

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.