Litman Gregory Wealth Management LLC Trims Stock Position in The Boeing Company (NYSE:BA)

Litman Gregory Wealth Management LLC decreased its position in The Boeing Company (NYSE:BA) by 22.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,250 shares of the aircraft producer’s stock after selling 946 shares during the period. Litman Gregory Wealth Management LLC’s holdings in Boeing were worth $847,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. ZWJ Investment Counsel Inc. acquired a new stake in shares of Boeing in the fourth quarter valued at about $262,000. Onyx Bridge Wealth Group LLC boosted its position in Boeing by 7.2% during the fourth quarter. Onyx Bridge Wealth Group LLC now owns 2,516 shares of the aircraft producer’s stock worth $656,000 after acquiring an additional 170 shares during the last quarter. Naples Money Management LLC acquired a new position in Boeing during the fourth quarter worth about $44,000. Check Capital Management Inc. CA acquired a new position in Boeing during the fourth quarter worth about $268,000. Finally, RIA Advisory Group LLC acquired a new position in Boeing during the fourth quarter worth about $274,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 0.2 %

NYSE BA traded down $0.39 on Friday, hitting $169.84. 4,689,767 shares of the stock were exchanged, compared to its average volume of 9,703,083. The Boeing Company has a fifty-two week low of $167.53 and a fifty-two week high of $267.54. The company has a market cap of $103.63 billion, a PE ratio of -46.15, a PEG ratio of 116.16 and a beta of 1.52. The company has a 50-day moving average price of $190.29 and a 200-day moving average price of $207.16.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion during the quarter, compared to analyst estimates of $21.14 billion. During the same quarter in the previous year, the company posted ($1.75) EPS. The company’s quarterly revenue was up 10.2% on a year-over-year basis. As a group, equities research analysts predict that The Boeing Company will post 0.37 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on BA. UBS Group reduced their target price on shares of Boeing from $275.00 to $250.00 and set a “buy” rating on the stock in a research note on Thursday, March 21st. Royal Bank of Canada reduced their price target on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a research note on Tuesday. Sanford C. Bernstein reduced their price target on shares of Boeing from $272.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, April 8th. JPMorgan Chase & Co. reduced their price target on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Finally, Citigroup reduced their price target on shares of Boeing from $263.00 to $252.00 and set a “buy” rating on the stock in a research note on Thursday, March 28th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $229.35.

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.