The Boeing Company (NYSE:BA) Shares Sold by WFA Asset Management Corp

WFA Asset Management Corp cut its stake in The Boeing Company (NYSE:BA) by 33.5% in the first quarter, HoldingsChannel reports. The fund 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 filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Boeing during the fourth quarter worth approximately $26,000. Evolution Advisers Inc. purchased a new stake in shares of Boeing during the fourth quarter worth approximately $28,000. DiNuzzo Private Wealth Inc. purchased a new stake in Boeing in the 4th quarter valued at $28,000. Vima LLC purchased a new stake in Boeing in the 4th quarter valued at $34,000. Finally, Accent Capital Management LLC purchased a new stake in Boeing in the 4th quarter valued at $39,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BA shares. Northcoast Research cut Boeing from a “neutral” rating to a “sell” rating and set a $140.00 target price for the company. in a report on Wednesday, April 17th. Stifel Nicolaus restated a “buy” rating and issued a $240.00 target price on shares of Boeing in a report on Wednesday, May 15th. Melius reaffirmed a “hold” rating on shares of Boeing in a research note on Monday, April 1st. Morgan Stanley decreased their price target on Boeing from $235.00 to $180.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 10th. Finally, Susquehanna reaffirmed a “positive” rating and issued a $230.00 price target on shares of Boeing in a research note on Wednesday, May 15th. 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 stock. According to MarketBeat, Boeing presently has an average rating of “Moderate Buy” and a consensus target price of $220.89.

Boeing Stock Down 0.4 %

NYSE BA traded down $0.66 during trading hours on Wednesday, hitting $184.76. 2,093,722 shares of the company were exchanged, compared to its average volume of 8,474,359. The Boeing Company has a 52-week low of $159.70 and a 52-week high of $267.54. 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 company has a 50 day moving average of $179.14 and a two-hundred day moving average of $197.01.

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