American Financial Advisors LLC Sells 182 Shares of The Boeing Company (NYSE:BA)

American Financial Advisors LLC trimmed its position in shares of The Boeing Company (NYSE:BA) by 6.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,623 shares of the aircraft producer’s stock after selling 182 shares during the period. American Financial Advisors LLC’s holdings in Boeing were worth $684,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Boeing by 0.8% in the third quarter. Vanguard Group Inc. now owns 47,609,508 shares of the aircraft producer’s stock worth $9,125,790,000 after acquiring an additional 356,496 shares during the period. Moneta Group Investment Advisors LLC boosted its holdings in shares of Boeing by 109,667.8% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 16,055,730 shares of the aircraft producer’s stock worth $3,058,456,000 after acquiring an additional 16,041,103 shares during the period. Morgan Stanley boosted its holdings in shares of Boeing by 1.1% in the third quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock worth $1,602,880,000 after acquiring an additional 91,801 shares during the period. Nuveen Asset Management LLC boosted its holdings in shares of Boeing by 7.9% in the second quarter. Nuveen Asset Management LLC now owns 6,200,798 shares of the aircraft producer’s stock worth $1,309,361,000 after acquiring an additional 452,721 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of Boeing by 3.2% in the third quarter. Northern Trust Corp now owns 4,951,181 shares of the aircraft producer’s stock worth $949,042,000 after acquiring an additional 153,168 shares during the period. 64.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BA shares. Edward Jones downgraded Boeing from a “buy” rating to a “hold” rating in a research report on Monday, January 8th. Wells Fargo & Company lowered their price objective on Boeing from $225.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 1st. JPMorgan Chase & Co. lowered their price objective on Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a research report on Friday, April 12th. Citigroup lowered their price objective on Boeing from $263.00 to $252.00 and set a “buy” rating on the stock in a research report on Thursday, March 28th. Finally, Royal Bank of Canada lowered their price objective on Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a research report on Tuesday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and an average target price of $229.35.

Boeing Price Performance

NYSE BA traded down $0.39 during mid-day trading on Friday, reaching $169.84. The stock had a trading volume of 4,689,767 shares, compared to its average volume of 9,703,083. The Boeing Company has a 1 year low of $167.53 and a 1 year high of $267.54. The stock has a market cap of $103.63 billion, a PE ratio of -46.15, a price-to-earnings-growth ratio of 116.16 and a beta of 1.52. The company has a fifty day moving average price of $191.08 and a 200 day moving average price of $207.28.

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

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.