Parcion Private Wealth LLC Has $1.82 Million Holdings in The Boeing Company (NYSE:BA)

Parcion Private Wealth LLC cut its position in The Boeing Company (NYSE:BA) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,276 shares of the aircraft producer’s stock after selling 412 shares during the period. Parcion Private Wealth LLC’s holdings in Boeing were worth $1,819,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its holdings in Boeing by 90.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 71,090 shares of the aircraft producer’s stock valued at $10,809,000 after buying an additional 33,695 shares during the period. Calton & Associates Inc. acquired a new position in Boeing in the third quarter valued at approximately $270,000. Sequoia Financial Advisors LLC lifted its holdings in Boeing by 10.4% in the third quarter. Sequoia Financial Advisors LLC now owns 23,217 shares of the aircraft producer’s stock valued at $3,530,000 after buying an additional 2,179 shares during the period. Eastern Bank lifted its holdings in Boeing by 154.0% in the third quarter. Eastern Bank now owns 12,120 shares of the aircraft producer’s stock valued at $1,843,000 after buying an additional 7,348 shares during the period. Finally, Waldron Private Wealth LLC lifted its holdings in Boeing by 9.3% in the third quarter. Waldron Private Wealth LLC now owns 5,431 shares of the aircraft producer’s stock valued at $826,000 after buying an additional 461 shares during the period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Price Performance

Shares of BA stock opened at $186.20 on Thursday. The stock has a market cap of $139.66 billion, a P/E ratio of -10.16 and a beta of 1.52. The company has a fifty day moving average price of $176.32 and a two-hundred day moving average price of $164.20. The Boeing Company has a one year low of $137.03 and a one year high of $208.10.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same quarter in the previous year, the business posted ($0.47) EPS. As a group, equities research analysts anticipate that The Boeing Company will post -2.32 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on BA shares. Wells Fargo & Company upped their target price on shares of Boeing from $85.00 to $103.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday, January 29th. Barclays raised shares of Boeing from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. Finally, Citigroup upped their target price on shares of Boeing from $207.00 to $210.00 and gave the company a “buy” rating in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $195.16.

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.