HHM Wealth Advisors LLC Sells 123 Shares of The Boeing Company (NYSE:BA)

HHM Wealth Advisors LLC decreased its holdings in The Boeing Company (NYSE:BA) by 9.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,166 shares of the aircraft producer’s stock after selling 123 shares during the quarter. HHM Wealth Advisors LLC’s holdings in Boeing were worth $304,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CNB Bank grew its stake in shares of Boeing by 106.5% during the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after purchasing an additional 66 shares during the period. Evolution Advisers Inc. acquired a new stake in shares of Boeing during the fourth quarter worth $28,000. Lowe Wealth Advisors LLC acquired a new stake in shares of Boeing during the third quarter worth $43,000. Naples Money Management LLC acquired a new stake in shares of Boeing during the fourth quarter worth $44,000. Finally, Blue Bell Private Wealth Management LLC grew its stake in shares of Boeing by 66.2% during the third quarter. Blue Bell Private Wealth Management LLC now owns 236 shares of the aircraft producer’s stock worth $45,000 after purchasing an additional 94 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Performance

BA traded up $0.41 on Friday, hitting $167.22. 7,208,103 shares of the company were exchanged, compared to its average volume of 7,379,195. The Boeing Company has a 12 month low of $159.70 and a 12 month high of $267.54. The company has a market cap of $102.65 billion, a PE ratio of -47.10, a PEG ratio of 140.43 and a beta of 1.52. The stock’s fifty day moving average is $186.53 and its 200-day moving average is $206.55.

Boeing (NYSE:BA) last released its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to the consensus estimate of $21.14 billion. During the same quarter in the previous year, the company posted ($1.75) EPS. The business’s revenue was up 10.2% on a year-over-year basis. As a group, equities research analysts expect that The Boeing Company will post -0.3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have issued reports on BA. The Goldman Sachs Group decreased their target price on Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research note on Monday, March 25th. Bank of America decreased their target price on Boeing from $210.00 to $190.00 and set a “neutral” rating for the company in a research note on Thursday, April 11th. Citigroup decreased their target price on Boeing from $252.00 to $224.00 and set a “buy” rating for the company in a research note on Thursday. Melius reissued a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Finally, Royal Bank of Canada decreased their target price on Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $222.41.

Boeing Company 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.