FSA Wealth Management LLC Has $108,000 Stock Holdings in The Boeing Company (NYSE:BA)

FSA Wealth Management LLC reduced its stake in The Boeing Company (NYSE:BA) by 13.0% during the 4th quarter, HoldingsChannel reports. The firm owned 609 shares of the aircraft producer’s stock after selling 91 shares during the quarter. FSA Wealth Management LLC’s holdings in Boeing were worth $108,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of BA. Sierra Ocean LLC acquired a new stake in shares of Boeing in the 4th quarter valued at $26,000. Sugar Maple Asset Management LLC acquired a new stake in shares of Boeing during the fourth quarter worth approximately $27,000. Fiduciary Advisors Inc. bought a new position in shares of Boeing in the fourth quarter valued at approximately $28,000. HighMark Wealth Management LLC increased its holdings in Boeing by 121.6% during the 4th quarter. HighMark Wealth Management LLC now owns 164 shares of the aircraft producer’s stock valued at $29,000 after purchasing an additional 90 shares in the last quarter. Finally, Anfield Capital Management LLC boosted its stake in Boeing by 113.1% in the fourth quarter. Anfield Capital Management LLC now owns 179 shares of the aircraft producer’s stock worth $32,000 after purchasing an additional 95 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

BA has been the subject of a number of research analyst reports. StockNews.com raised Boeing to a “sell” rating in a report on Saturday, April 5th. Barclays upgraded shares of Boeing from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $190.00 to $210.00 in a research report on Monday, January 6th. Melius Research set a $204.00 price target on shares of Boeing in a report on Monday, March 24th. Wells Fargo & Company reduced their price objective on Boeing from $113.00 to $111.00 and set an “underweight” rating on the stock in a report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. boosted their target price on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and a consensus price target of $197.11.

Boeing Price Performance

Shares of Boeing stock opened at $159.50 on Tuesday. The firm has a market cap of $119.64 billion, a price-to-earnings ratio of -8.71 and a beta of 1.24. The Boeing Company has a one year low of $128.88 and a one year high of $196.95. The stock’s 50-day moving average is $165.88 and its 200-day moving average is $164.24.

Boeing (NYSE:BA) last released its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter last year, the company earned ($0.47) EPS. On average, equities analysts expect that The Boeing Company will post -2.58 EPS for the current year.

Insider Activity at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $180.69, for a total value of $570,799.71. Following the completion of the sale, the executive vice president now owns 19,213 shares in the company, valued at $3,471,596.97. This trade represents a 14.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.09% of the company’s stock.

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.