Level Four Advisory Services LLC Has $998,000 Stock Holdings in The Boeing Company (NYSE:BA)

Level Four Advisory Services LLC reduced its stake in The Boeing Company (NYSE:BA) by 6.6% during the 4th quarter, Holdings Channel reports. The firm owned 5,636 shares of the aircraft producer’s stock after selling 398 shares during the period. Level Four Advisory Services LLC’s holdings in Boeing were worth $998,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in BA. Quantbot Technologies LP acquired a new stake in Boeing during the 3rd quarter worth $1,295,000. Public Sector Pension Investment Board increased its position in shares of Boeing by 17.4% during the third quarter. Public Sector Pension Investment Board now owns 25,590 shares of the aircraft producer’s stock worth $3,891,000 after acquiring an additional 3,800 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Boeing by 12.0% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 18,239 shares of the aircraft producer’s stock worth $2,773,000 after acquiring an additional 1,956 shares during the period. Tradition Wealth Management LLC lifted its position in Boeing by 20.7% in the 3rd quarter. Tradition Wealth Management LLC now owns 2,156 shares of the aircraft producer’s stock valued at $328,000 after acquiring an additional 370 shares in the last quarter. Finally, FSA Wealth Management LLC acquired a new stake in shares of Boeing in the 3rd quarter valued at about $106,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Boeing

In other Boeing news, EVP Uma M. Amuluru sold 3,159 shares of the firm’s stock in a transaction that occurred 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 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 filing with the SEC, which is available at this link. 0.09% of the stock is currently owned by insiders.

Boeing Trading Down 3.4 %

NYSE BA opened at $172.98 on Monday. The firm’s 50 day simple moving average is $173.98 and its 200 day simple moving average is $164.22. The firm has a market capitalization of $129.74 billion, a price-to-earnings ratio of -9.44 and a beta of 1.53. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $196.95.

Boeing (NYSE:BA) last issued 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 in the previous year, the business earned ($0.47) earnings per share. On average, equities research analysts forecast that The Boeing Company will post -2.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

BA has been the topic of a number of recent research reports. Northcoast Research raised Boeing from a “sell” rating to a “neutral” rating in a research report on Thursday, December 12th. Melius Research upgraded Boeing from a “hold” rating to a “strong-buy” rating in a research note on Monday, March 24th. Wells Fargo & Company raised their target price on shares of Boeing from $103.00 to $113.00 and gave the company an “underweight” rating in a research note on Monday, March 17th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Boeing from $184.00 to $215.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. increased their target price on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $195.68.

About Boeing

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.