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

OneAscent Wealth Management LLC cut its position in shares of The Boeing Company (NYSE:BA) by 13.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,494 shares of the aircraft producer’s stock after selling 391 shares during the quarter. OneAscent Wealth Management LLC’s holdings in Boeing were worth $481,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Strategic Blueprint LLC lifted its stake in shares of Boeing by 8.7% during the fourth quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock worth $859,000 after purchasing an additional 264 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its holdings in Boeing by 41.5% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 15,761 shares of the aircraft producer’s stock worth $4,108,000 after acquiring an additional 4,622 shares during the period. Orca Investment Management LLC grew its position in Boeing by 5.5% in the fourth quarter. Orca Investment Management LLC now owns 3,772 shares of the aircraft producer’s stock valued at $983,000 after acquiring an additional 195 shares in the last quarter. One Charles Private Wealth Services LLC purchased a new stake in shares of Boeing during the fourth quarter valued at approximately $205,000. Finally, J.W. Cole Advisors Inc. lifted its position in shares of Boeing by 5.8% during the fourth quarter. J.W. Cole Advisors Inc. now owns 29,133 shares of the aircraft producer’s stock worth $7,594,000 after purchasing an additional 1,596 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on BA. Sanford C. Bernstein cut their price target on shares of Boeing from $230.00 to $215.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. Susquehanna restated a “positive” rating and issued a $230.00 price target on shares of Boeing in a research report on Wednesday, May 15th. Argus downgraded shares of Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. JPMorgan Chase & Co. lowered their target price on Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Finally, Northcoast Research downgraded Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price target on the stock. in a report on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $220.89.

Boeing Trading Down 0.3 %

NYSE:BA traded down $0.50 during trading hours on Friday, reaching $182.01. The company’s stock had a trading volume of 5,899,850 shares, compared to its average volume of 5,801,654. The Boeing Company has a one year low of $159.70 and a one year high of $267.54. The business’s 50-day moving average is $178.50 and its 200-day moving average is $198.77.

Boeing (NYSE:BA) last announced its 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 company had revenue of $16.57 billion for the quarter, compared to the consensus estimate of $17.69 billion. Analysts expect that The Boeing Company will post -1.67 EPS for the current fiscal year.

Boeing 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.