Beaird Harris Wealth Management LLC Sells 91 Shares of The Boeing Company (NYSE:BA)

Beaird Harris Wealth Management LLC decreased its holdings in The Boeing Company (NYSE:BA) by 27.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 237 shares of the aircraft producer’s stock after selling 91 shares during the period. Beaird Harris Wealth Management LLC’s holdings in Boeing were worth $62,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of BA. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Boeing during the fourth quarter valued at $26,000. Evolution Advisers Inc. purchased a new stake in Boeing in the fourth quarter valued at $28,000. DiNuzzo Private Wealth Inc. purchased a new stake in Boeing in the fourth quarter valued at $28,000. Naples Money Management LLC purchased a new stake in Boeing in the fourth quarter valued at $44,000. Finally, Frank Rimerman Advisors LLC purchased a new stake in Boeing in the fourth quarter valued at $48,000. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Down 1.9 %

Shares of Boeing stock traded down $3.43 on Friday, reaching $177.27. 5,105,974 shares of the stock were exchanged, compared to its average volume of 5,770,378. The Boeing Company has a 1-year low of $159.70 and a 1-year high of $267.54. The business has a fifty day moving average price of $177.44 and a two-hundred day moving average price of $202.58.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, topping the consensus estimate of ($1.43) by $0.30. The company had revenue of $16.57 billion for the quarter, compared to analyst estimates of $17.69 billion. As a group, equities research analysts anticipate that The Boeing Company will post -1.48 earnings per share for the current year.

Wall Street Analyst Weigh In

BA has been the subject of several research analyst reports. Argus downgraded shares of Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Northcoast Research downgraded shares of Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price target for the company. in a research report on Wednesday, April 17th. The Goldman Sachs Group reduced their price target on shares of Boeing from $268.00 to $257.00 and set a “buy” rating for the company in a research report on Monday, March 25th. Morgan Stanley cut their price objective on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, April 10th. Finally, Susquehanna reiterated a “positive” rating and issued a $230.00 price objective on shares of Boeing in a report on Wednesday, May 15th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $220.89.

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.