RWA Wealth Partners LLC Reduces Position in The Boeing Company $BA

RWA Wealth Partners LLC lessened its holdings in shares of The Boeing Company (NYSE:BA) by 8.4% in the 2nd quarter, Holdings Channel reports. The fund owned 52,033 shares of the aircraft producer’s stock after selling 4,794 shares during the quarter. RWA Wealth Partners LLC’s holdings in Boeing were worth $10,902,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of BA. Decker Retirement Planning Inc. purchased a new stake in shares of Boeing in the second quarter valued at approximately $35,000. True Wealth Design LLC increased its stake in shares of Boeing by 49.6% in the 2nd quarter. True Wealth Design LLC now owns 202 shares of the aircraft producer’s stock worth $42,000 after acquiring an additional 67 shares during the last quarter. AE Wealth Management LLC raised its holdings in shares of Boeing by 30.1% during the 2nd quarter. AE Wealth Management LLC now owns 14,181 shares of the aircraft producer’s stock worth $2,971,000 after acquiring an additional 3,282 shares during the period. Stokes Family Office LLC acquired a new position in shares of Boeing during the 2nd quarter valued at about $230,000. Finally, Paradigm Asset Management Co. LLC grew its holdings in shares of Boeing by 125.0% in the second quarter. Paradigm Asset Management Co. LLC now owns 1,080 shares of the aircraft producer’s stock valued at $226,000 after purchasing an additional 600 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Boeing news, Director Mortimer J. Buckley purchased 2,200 shares of the business’s stock in a transaction on Tuesday, August 19th. The shares were bought at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the completion of the purchase, the director directly owned 2,200 shares in the company, valued at approximately $497,420. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.09% of the stock is owned by company insiders.

Analysts Set New Price Targets

BA has been the topic of a number of analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $250.00 target price on shares of Boeing in a research note on Monday, September 29th. Bank of America lifted their price target on shares of Boeing from $260.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Citigroup reiterated a “buy” rating on shares of Boeing in a research report on Monday, July 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Boeing in a research report on Wednesday, October 8th. Finally, Susquehanna reiterated a “positive” rating and set a $270.00 price target on shares of Boeing in a report on Monday, September 15th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, three have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, Boeing has an average rating of “Moderate Buy” and a consensus target price of $241.80.

Boeing Stock Performance

Shares of BA stock opened at $194.40 on Friday. The Boeing Company has a fifty-two week low of $128.88 and a fifty-two week high of $242.69. The company has a 50 day moving average price of $216.65 and a 200 day moving average price of $213.74. The stock has a market capitalization of $147.76 billion, a P/E ratio of -14.21 and a beta of 1.44.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The company had revenue of $23.27 billion for the quarter, compared to analysts’ expectations of $21.61 billion. During the same quarter last year, the business posted ($10.44) earnings per share. The firm’s quarterly revenue was up 30.4% compared to the same quarter last year. On average, research analysts forecast that The Boeing Company will post -2.58 EPS for the current fiscal year.

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.