Northwest Wealth Management LLC Sells 183 Shares of The Boeing Company (NYSE:BA)

Northwest Wealth Management LLC lessened its holdings in shares of The Boeing Company (NYSE:BA) by 9.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,675 shares of the aircraft producer’s stock after selling 183 shares during the quarter. Northwest Wealth Management LLC’s holdings in Boeing were worth $305,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of BA. Wellington Shields Capital Management LLC increased its stake in Boeing by 10.3% in the second quarter. Wellington Shields Capital Management LLC now owns 28,181 shares of the aircraft producer’s stock valued at $5,129,000 after acquiring an additional 2,637 shares during the last quarter. Synergy Asset Management LLC boosted its holdings in shares of Boeing by 21.1% in the 2nd quarter. Synergy Asset Management LLC now owns 1,805 shares of the aircraft producer’s stock worth $329,000 after purchasing an additional 315 shares in the last quarter. Jeppson Wealth Management LLC increased its position in shares of Boeing by 8.3% during the 2nd quarter. Jeppson Wealth Management LLC now owns 5,829 shares of the aircraft producer’s stock valued at $1,061,000 after purchasing an additional 449 shares during the last quarter. Blue Barn Wealth LLC raised its holdings in shares of Boeing by 41.3% during the 2nd quarter. Blue Barn Wealth LLC now owns 1,843 shares of the aircraft producer’s stock valued at $335,000 after buying an additional 539 shares in the last quarter. Finally, Arizona State Retirement System lifted its position in Boeing by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 168,037 shares of the aircraft producer’s stock worth $30,584,000 after buying an additional 3,108 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 2.8 %

Shares of BA stock opened at $157.65 on Friday. The company has a 50 day moving average price of $176.53 and a 200-day moving average price of $180.81. The Boeing Company has a 52 week low of $156.70 and a 52 week high of $267.54. The firm has a market capitalization of $96.78 billion, a PE ratio of -44.41 and a beta of 1.56.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The business had revenue of $16.87 billion for the quarter, compared to analyst estimates of $17.35 billion. The company’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.82) earnings per share. Analysts anticipate that The Boeing Company will post -4.26 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have commented on BA shares. Stifel Nicolaus lifted their price target on shares of Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $225.00 price target on shares of Boeing in a research report on Tuesday, June 25th. Robert W. Baird decreased their price target on Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, June 3rd. UBS Group cut their target price on Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. Finally, Baird R W raised shares of Boeing to a “strong-buy” rating in a research note on Monday, June 3rd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $211.29.

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.