The Boeing Company (NYSE:BA) Shares Sold by CreativeOne Wealth LLC

CreativeOne Wealth LLC decreased its position in The Boeing Company (NYSE:BA) by 25.5% during the 4th quarter, Holdings Channel reports. The firm owned 4,392 shares of the aircraft producer’s stock after selling 1,503 shares during the quarter. CreativeOne Wealth LLC’s holdings in Boeing were worth $1,145,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

BA has been the subject of a number of research reports. Argus downgraded Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Royal Bank of Canada lowered their price target on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a report on Tuesday, April 16th. Benchmark reaffirmed a “buy” rating and set a $250.00 price objective on shares of Boeing in a report on Tuesday, March 26th. The Goldman Sachs Group lowered their target price on shares of Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a research note on Monday, March 25th. Finally, Melius restated a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $221.24.

Boeing Price Performance

BA stock traded up $0.57 during midday trading on Wednesday, reaching $185.35. The stock had a trading volume of 784,638 shares, compared to its average volume of 9,055,795. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54. The business has a fifty day simple moving average of $179.28 and a two-hundred day simple moving average of $205.93.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.43) by $0.30. The business had revenue of $16.57 billion for the quarter, compared to the consensus estimate of $17.69 billion. Research analysts expect that The Boeing Company will post -0.6 EPS for the current year.

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.