The Boeing Company (NYSE:BA) Position Reduced by Fi3 FINANCIAL ADVISORS LLC

Fi3 FINANCIAL ADVISORS LLC reduced its position in The Boeing Company (NYSE:BA) by 3.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,926 shares of the aircraft producer’s stock after selling 71 shares during the quarter. Fi3 FINANCIAL ADVISORS LLC’s holdings in Boeing were worth $502,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Boeing by 0.8% during the third quarter. Vanguard Group Inc. now owns 47,609,508 shares of the aircraft producer’s stock worth $9,125,790,000 after purchasing an additional 356,496 shares during the period. Morgan Stanley increased its stake in Boeing by 1.1% in the 3rd quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock valued at $1,602,880,000 after buying an additional 91,801 shares during the period. Northern Trust Corp increased its stake in Boeing by 3.2% in the 3rd quarter. Northern Trust Corp now owns 4,951,181 shares of the aircraft producer’s stock valued at $949,042,000 after buying an additional 153,168 shares during the period. Jennison Associates LLC acquired a new position in Boeing in the 4th quarter valued at approximately $960,397,000. Finally, Invesco Ltd. increased its stake in Boeing by 30.1% in the 3rd quarter. Invesco Ltd. now owns 3,279,421 shares of the aircraft producer’s stock valued at $628,599,000 after buying an additional 759,267 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of BA stock traded up $0.94 during mid-day trading on Friday, reaching $179.79. The company’s stock had a trading volume of 5,416,263 shares, compared to its average volume of 8,228,397. The Boeing Company has a 1-year low of $159.70 and a 1-year high of $267.54. The company has a market cap of $110.37 billion, a P/E ratio of -50.64 and a beta of 1.54. The firm’s 50-day moving average is $183.74 and its two-hundred day moving average is $205.91.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The firm had revenue of $22.02 billion for the quarter, compared to analyst estimates of $21.14 billion. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter last year, the business earned ($1.75) EPS. Sell-side analysts anticipate that The Boeing Company will post -0.18 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Argus lowered shares of Boeing from a “buy” rating to a “hold” rating in a research note on Tuesday. Melius Research reissued a “hold” rating on shares of Boeing in a research report on Monday, April 1st. UBS Group decreased their target price on shares of Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a research report on Thursday, March 21st. Edward Jones downgraded shares of Boeing from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Finally, Royal Bank of Canada decreased their target price on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, Boeing presently has an average rating of “Hold” and an average target price of $222.41.

Boeing 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.