Etesian Wealth Advisors Inc. Has $747,000 Stake in The Boeing Company (NYSE:BA)

Etesian Wealth Advisors Inc. decreased its position in shares of The Boeing Company (NYSE:BA) by 20.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,910 shares of the aircraft producer’s stock after selling 1,255 shares during the period. Etesian Wealth Advisors Inc.’s holdings in Boeing were worth $747,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. TriaGen Wealth Management LLC raised its position in shares of Boeing by 335.3% during the third quarter. TriaGen Wealth Management LLC now owns 12,736 shares of the aircraft producer’s stock valued at $1,936,000 after buying an additional 9,810 shares during the last quarter. Raymond James & Associates raised its position in shares of Boeing by 2.5% during the third quarter. Raymond James & Associates now owns 993,170 shares of the aircraft producer’s stock valued at $151,001,000 after buying an additional 24,443 shares during the last quarter. First Citizens Bank & Trust Co. raised its position in shares of Boeing by 2.3% during the third quarter. First Citizens Bank & Trust Co. now owns 7,697 shares of the aircraft producer’s stock valued at $1,170,000 after buying an additional 173 shares during the last quarter. Blue Trust Inc. raised its position in shares of Boeing by 11.0% during the third quarter. Blue Trust Inc. now owns 15,950 shares of the aircraft producer’s stock valued at $2,425,000 after buying an additional 1,586 shares during the last quarter. Finally, Inspire Advisors LLC raised its position in shares of Boeing by 8.1% during the third quarter. Inspire Advisors LLC now owns 2,844 shares of the aircraft producer’s stock valued at $432,000 after buying an additional 214 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Price Performance

BA traded down $0.31 during mid-day trading on Friday, hitting $155.00. The stock had a trading volume of 6,030,173 shares, compared to its average volume of 8,060,075. The stock’s fifty day simple moving average is $161.10 and its 200-day simple moving average is $172.64. The firm has a market capitalization of $95.15 billion, a price-to-earnings ratio of -43.66 and a beta of 1.57. The Boeing Company has a 1-year low of $146.02 and a 1-year high of $267.54.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The business had revenue of $16.87 billion for the quarter, compared to the consensus estimate of $17.35 billion. The business’s revenue for the quarter was down 14.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.82) EPS. As a group, research analysts expect that The Boeing Company will post -5.35 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of Boeing from $235.00 to $195.00 and set an “overweight” rating for the company in a research report on Monday, October 14th. DZ Bank cut shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a research note on Tuesday. Sanford C. Bernstein lowered their target price on shares of Boeing from $207.00 to $195.00 and set an “outperform” rating on the stock in a research note on Thursday. Stifel Nicolaus upped their target price on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and an average price target of $198.79.

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.