Masso Torrence Wealth Management Inc. Cuts Position in The Boeing Company (NYSE:BA)

Masso Torrence Wealth Management Inc. lessened its holdings in The Boeing Company (NYSE:BA) by 14.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,149 shares of the aircraft producer’s stock after selling 195 shares during the quarter. Masso Torrence Wealth Management Inc.’s holdings in Boeing were worth $299,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Parkside Financial Bank & Trust grew its holdings in shares of Boeing by 24.7% during the fourth quarter. Parkside Financial Bank & Trust now owns 3,683 shares of the aircraft producer’s stock valued at $960,000 after buying an additional 730 shares during the last quarter. Marks Group Wealth Management Inc bought a new stake in shares of Boeing during the 4th quarter valued at $219,000. Roble Belko & Company Inc grew its stake in Boeing by 155.3% during the fourth quarter. Roble Belko & Company Inc now owns 822 shares of the aircraft producer’s stock valued at $214,000 after acquiring an additional 500 shares in the last quarter. PDS Planning Inc grew its stake in Boeing by 6.8% during the fourth quarter. PDS Planning Inc now owns 2,762 shares of the aircraft producer’s stock valued at $720,000 after acquiring an additional 177 shares in the last quarter. Finally, Scott & Selber Inc. grew its stake in Boeing by 79.1% during the fourth quarter. Scott & Selber Inc. now owns 13,129 shares of the aircraft producer’s stock valued at $3,422,000 after acquiring an additional 5,797 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 0.9 %

BA traded down $1.47 on Tuesday, reaching $169.01. 5,630,636 shares of the company traded hands, compared to its average volume of 9,585,610. The Boeing Company has a one year low of $167.53 and a one year high of $267.54. The firm has a fifty day simple moving average of $189.51 and a two-hundred day simple moving average of $207.32. The company has a market cap of $103.12 billion, a P/E ratio of -46.18, a price-to-earnings-growth ratio of 134.48 and a beta of 1.52.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) EPS for the quarter, beating the consensus estimate of ($0.72) by $0.25. The business had revenue of $22.02 billion during the quarter, compared to the consensus estimate of $21.14 billion. During the same quarter in the prior year, the firm posted ($1.75) EPS. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, equities analysts forecast that The Boeing Company will post 0.32 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on BA shares. Morgan Stanley cut their target price on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 10th. Barclays cut their target price on shares of Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a research note on Monday. TD Cowen dropped their price objective on shares of Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a research note on Monday, March 25th. Stifel Nicolaus dropped their price objective on shares of Boeing from $270.00 to $260.00 and set a “buy” rating for the company in a research note on Wednesday, April 10th. Finally, UBS Group dropped their price objective on shares of Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a research note on Thursday, March 21st. One equities research 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $226.71.

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.