OneAscent Wealth Management LLC Sells 391 Shares of The Boeing Company (NYSE:BA)

OneAscent Wealth Management LLC lessened its holdings in The Boeing Company (NYSE:BA) by 13.6% during the first quarter, HoldingsChannel.com reports. The firm owned 2,494 shares of the aircraft producer’s stock after selling 391 shares during the period. OneAscent Wealth Management LLC’s holdings in Boeing were worth $481,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in BA. Trust Co. of Vermont boosted its stake in Boeing by 1.0% during the third quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock valued at $841,000 after buying an additional 45 shares during the period. Benchmark Financial Wealth Advisors LLC raised its stake in Boeing by 2.7% in the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock valued at $465,000 after purchasing an additional 47 shares in the last quarter. WealthPlan Investment Management LLC lifted its position in Boeing by 1.0% during the fourth quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock valued at $1,229,000 after purchasing an additional 49 shares during the last quarter. RB Capital Management LLC increased its holdings in shares of Boeing by 2.7% in the 3rd quarter. RB Capital Management LLC now owns 1,893 shares of the aircraft producer’s stock worth $363,000 after buying an additional 50 shares during the last quarter. Finally, M&R Capital Management Inc. raised its position in shares of Boeing by 35.0% during the 4th quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock valued at $50,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Down 0.3 %

Boeing stock traded down $0.50 during trading hours on Friday, hitting $182.01. The stock had a trading volume of 5,899,850 shares, compared to its average volume of 5,801,654. The stock’s 50-day moving average price is $178.50 and its 200-day moving average price is $198.77. The Boeing Company has a 12-month low of $159.70 and a 12-month high of $267.54.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.43) by $0.30. The business had revenue of $16.57 billion during the quarter, compared to the consensus estimate of $17.69 billion. On average, analysts anticipate that The Boeing Company will post -1.67 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Northcoast Research cut Boeing from a “neutral” rating to a “sell” rating and set a $140.00 target price on the stock. in a research note on Wednesday, April 17th. Susquehanna restated a “positive” rating and issued a $230.00 target price on shares of Boeing in a report on Wednesday, May 15th. Stifel Nicolaus reissued a “buy” rating and set a $240.00 price target on shares of Boeing in a research report on Wednesday, May 15th. Citigroup decreased their price objective on shares of Boeing from $252.00 to $224.00 and set a “buy” rating on the stock in a research report on Thursday, April 25th. Finally, JPMorgan Chase & Co. cut their target price on Boeing from $230.00 to $210.00 and set an “overweight” rating on the stock in a research note on Friday, April 12th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $220.89.

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.