Perfromance Wealth Partners LLC Sells 1,000 Shares of The Boeing Company (NYSE:BA)

by · The Markets Daily

Perfromance Wealth Partners LLC lessened its holdings in The Boeing Company (NYSE:BA – Free Report) by 37.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,700 shares of the aircraft producer’s stock after selling 1,000 shares during the period. Perfromance Wealth Partners LLC’s holdings in Boeing were worth $301,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. AdvisorNet Financial Inc increased its position in Boeing by 54.2% in the fourth quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer’s stock worth $358,000 after purchasing an additional 710 shares during the last quarter. Carnegie Investment Counsel increased its position in Boeing by 175.6% in the fourth quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer’s stock worth $818,000 after purchasing an additional 2,943 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in Boeing by 8.8% in the third quarter. Rockefeller Capital Management L.P. now owns 473,917 shares of the aircraft producer’s stock worth $72,075,000 after purchasing an additional 38,300 shares during the last quarter. Principal Financial Group Inc. increased its position in Boeing by 6.1% in the third quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer’s stock worth $101,296,000 after purchasing an additional 38,332 shares during the last quarter. Finally, Jennison Associates LLC increased its position in Boeing by 9.9% in the third quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock worth $1,018,775,000 after purchasing an additional 602,143 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research note on Wednesday, October 30th. Susquehanna dropped their price objective on shares of Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research note on Thursday, October 24th. Citigroup dropped their price objective on shares of Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft boosted their target price 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. Finally, Benchmark reissued a “buy” rating and set a $250.00 target price on shares of Boeing in a research note on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $192.21.

Check Out Our Latest Analysis on Boeing

Boeing Stock Performance

Shares of Boeing stock opened at $175.63 on Wednesday. The company has a market capitalization of $108.58 billion, a PE ratio of -13.61 and a beta of 1.52. The company has a 50-day simple moving average of $163.59 and a two-hundred day simple moving average of $164.52. The Boeing Company has a one year low of $137.03 and a one year high of $217.59.

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

Boeing Profile

(Free Report)

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.

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