WFA Asset Management Corp Has $51,000 Position in The Boeing Company (NYSE:BA)

WFA Asset Management Corp reduced its holdings in The Boeing Company (NYSE:BA) by 33.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 266 shares of the aircraft producer’s stock after selling 134 shares during the period. WFA Asset Management Corp’s holdings in Boeing were worth $51,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of BA. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Boeing during the fourth quarter worth $26,000. DiNuzzo Private Wealth Inc. bought a new position in Boeing in the fourth quarter valued at $28,000. Evolution Advisers Inc. bought a new position in Boeing in the fourth quarter valued at $28,000. Vima LLC bought a new position in Boeing in the fourth quarter valued at $34,000. Finally, Accent Capital Management LLC bought a new position in Boeing in the fourth quarter valued at $39,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Performance

Shares of NYSE BA traded down $0.66 during midday trading on Wednesday, reaching $184.76. The stock had a trading volume of 2,093,722 shares, compared to its average volume of 8,474,359. The firm has a market cap of $113.42 billion, a price-to-earnings ratio of -51.68 and a beta of 1.56. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54. The company’s 50 day moving average price is $179.14 and its 200 day moving average price is $197.01.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.43) by $0.30. The firm had revenue of $16.57 billion during the quarter, compared to analyst estimates of $17.69 billion. Equities analysts forecast that The Boeing Company will post -1.67 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BA. Royal Bank of Canada decreased their target price on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a research report on Tuesday, April 16th. Sanford C. Bernstein dropped their price objective on shares of Boeing from $230.00 to $215.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. JPMorgan Chase & Co. dropped their price objective on shares of Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a research note on Friday, April 12th. Bank of America boosted their target price on shares of Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, June 13th. Finally, Melius Research restated a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.