RWA Wealth Partners LLC Lowers Stock Holdings in The Boeing Company $BA

RWA Wealth Partners LLC lessened its holdings in The Boeing Company (NYSE:BA) by 8.4% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 52,033 shares of the aircraft producer’s stock after selling 4,794 shares during the period. RWA Wealth Partners LLC’s holdings in Boeing were worth $10,902,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Harbor Asset Planning Inc. bought a new position in Boeing in the 2nd quarter worth approximately $25,000. Piscataqua Savings Bank increased its stake in Boeing by 1,712.5% in the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer’s stock worth $30,000 after purchasing an additional 137 shares during the period. Monetary Management Group Inc. grew its position in shares of Boeing by 33.3% during the 1st quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer’s stock worth $34,000 after buying an additional 50 shares in the last quarter. Decker Retirement Planning Inc. purchased a new position in shares of Boeing in the 2nd quarter valued at $35,000. Finally, IMG Wealth Management Inc. increased its position in Boeing by 159.4% during the 2nd quarter. IMG Wealth Management Inc. now owns 179 shares of the aircraft producer’s stock valued at $38,000 after buying an additional 110 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Price Performance

Shares of Boeing stock opened at $194.40 on Friday. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69. The stock has a market capitalization of $147.76 billion, a PE ratio of -14.21 and a beta of 1.44. The company’s fifty day simple moving average is $216.65 and its 200-day simple moving average is $213.74.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) EPS for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The business had revenue of $23.27 billion for the quarter, compared to analyst estimates of $21.61 billion. During the same quarter in the prior year, the firm posted ($10.44) EPS. The firm’s quarterly revenue was up 30.4% on a year-over-year basis. As a group, research analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on BA. Bank of America upped their price target on shares of Boeing from $260.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 1st. Susquehanna restated a “positive” rating and set a $270.00 price objective on shares of Boeing in a research report on Monday, September 15th. JPMorgan Chase & Co. lowered their price target on Boeing from $251.00 to $240.00 and set an “overweight” rating for the company in a report on Thursday, October 30th. Citigroup restated a “buy” rating on shares of Boeing in a report on Monday, July 28th. Finally, Barclays boosted their price objective on Boeing from $210.00 to $255.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 29th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $241.80.

Insider Activity at Boeing

In other Boeing news, Director Mortimer J. Buckley purchased 2,200 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was 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 owned 2,200 shares in the company, valued at $497,420. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.09% of the company’s stock.

Boeing Company 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.