IHT Wealth Management LLC Sells 5,146 Shares of The Boeing Company (NYSE:BA)

IHT Wealth Management LLC decreased its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 12.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,762 shares of the aircraft producer's stock after selling 5,146 shares during the quarter. IHT Wealth Management LLC's holdings in Boeing were worth $6,507,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc increased its holdings in shares of Boeing by 54.2% in the fourth quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer's stock valued at $358,000 after purchasing an additional 710 shares during the last quarter. Carnegie Investment Counsel grew its stake in Boeing by 175.6% in the 4th quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer's stock valued at $818,000 after buying an additional 2,943 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Boeing by 6.1% in the 3rd quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer's stock valued at $101,296,000 after acquiring an additional 38,332 shares during the period. World Investment Advisors LLC lifted its position in Boeing by 243.4% during the third quarter. World Investment Advisors LLC now owns 5,381 shares of the aircraft producer's stock worth $818,000 after acquiring an additional 3,814 shares during the last quarter. Finally, Amundi increased its position in Boeing by 473.6% during the fourth quarter. Amundi now owns 1,565,337 shares of the aircraft producer's stock worth $268,862,000 after acquiring an additional 1,292,417 shares during the period. 64.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Melius upgraded Boeing from a "hold" rating to a "buy" rating in a research report on Monday, March 24th. Citigroup reaffirmed an "overweight" rating on shares of Boeing in a research report on Wednesday. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Boeing from $184.00 to $215.00 and gave the company a "buy" rating in a research note on Thursday, January 2nd. Wells Fargo & Company reissued an "underweight" rating on shares of Boeing in a research note on Wednesday. Finally, JPMorgan Chase & Co. increased their price target on Boeing from $190.00 to $200.00 and gave the stock an "overweight" rating in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $197.11.

Boeing Stock Up 6.1 %

Boeing stock traded up $9.95 during midday trading on Wednesday, hitting $172.47. 16,243,089 shares of the stock were exchanged, compared to its average volume of 9,110,920. The stock has a market capitalization of $129.37 billion, a price-to-earnings ratio of -9.41 and a beta of 1.24. The Boeing Company has a 52-week low of $128.88 and a 52-week high of $196.95. The business's 50-day moving average price is $165.18 and its 200-day moving average price is $164.29.

Boeing (NYSE:BA - Get Free Report) last released its earnings results on Wednesday, April 23rd. The aircraft producer reported ($0.49) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.39) by $0.90. The business had revenue of $19.50 billion during the quarter, compared to the consensus estimate of $19.57 billion. On average, sell-side analysts predict that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Boeing

In other news, EVP Uma M. Amuluru sold 3,159 shares of the stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $180.69, for a total transaction of $570,799.71. Following the completion of the transaction, the executive vice president now owns 19,213 shares in the company, valued at approximately $3,471,596.97. This represents a 14.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate 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.