Northwest Wealth Management LLC Reduces Holdings in The Boeing Company (NYSE:BA)

Northwest Wealth Management LLC trimmed its holdings in shares of The Boeing Company (NYSE:BA) by 9.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,675 shares of the aircraft producer’s stock after selling 183 shares during the quarter. Northwest Wealth Management LLC’s holdings in Boeing were worth $305,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Capital Research Global Investors grew its stake in shares of Boeing by 35.5% during the 4th quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock valued at $4,400,109,000 after acquiring an additional 4,425,964 shares during the period. Wellington Management Group LLP boosted its position in shares of Boeing by 563.9% in the fourth quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock worth $896,434,000 after purchasing an additional 2,921,043 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Boeing by 23.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock worth $2,560,466,000 after purchasing an additional 1,884,850 shares in the last quarter. Boston Partners increased its stake in shares of Boeing by 861.6% in the fourth quarter. Boston Partners now owns 1,804,853 shares of the aircraft producer’s stock worth $467,338,000 after purchasing an additional 1,617,151 shares in the last quarter. Finally, Global Assets Advisory LLC purchased a new position in shares of Boeing during the 1st quarter valued at $272,312,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BA shares. Robert W. Baird cut their price target on Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. Stifel Nicolaus increased their target price on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $225.00 price target on shares of Boeing in a report on Tuesday, June 25th. Baird R W raised shares of Boeing to a “strong-buy” rating in a report on Monday, June 3rd. Finally, UBS Group lowered their target price on shares of Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Friday, June 7th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and a consensus price target of $211.29.

Boeing Price Performance

Shares of NYSE BA opened at $157.65 on Friday. The stock has a market capitalization of $96.78 billion, a P/E ratio of -44.41 and a beta of 1.56. The Boeing Company has a 1-year low of $156.70 and a 1-year high of $267.54. The business’s 50 day moving average is $176.53 and its two-hundred day moving average is $180.81.

Boeing (NYSE:BA) last released its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The firm had revenue of $16.87 billion during the quarter, compared to analysts’ expectations of $17.35 billion. The business’s revenue was down 14.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.82) earnings per share. As a group, equities research analysts anticipate that The Boeing Company will post -4.26 earnings per share 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.