Atria Wealth Solutions Inc. Sells 13,092 Shares of The Boeing Company (NYSE:BA)

Atria Wealth Solutions Inc. lowered its holdings in shares of The Boeing Company (NYSE:BA) by 16.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 68,449 shares of the aircraft producer’s stock after selling 13,092 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Boeing were worth $12,459,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. SouthState Corp boosted its holdings in Boeing by 2.7% in the fourth quarter. SouthState Corp now owns 1,891 shares of the aircraft producer’s stock valued at $493,000 after purchasing an additional 50 shares during the last quarter. JFS Wealth Advisors LLC boosted its stake in shares of Boeing by 2.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 2,536 shares of the aircraft producer’s stock worth $661,000 after buying an additional 50 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of Boeing by 1.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 4,198 shares of the aircraft producer’s stock worth $1,094,000 after buying an additional 50 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its position in Boeing by 1.7% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 3,077 shares of the aircraft producer’s stock valued at $802,000 after acquiring an additional 52 shares in the last quarter. Finally, Davis R M Inc. lifted its holdings in Boeing by 1.8% in the fourth quarter. Davis R M Inc. now owns 2,943 shares of the aircraft producer’s stock valued at $767,000 after acquiring an additional 52 shares during the period. Institutional investors own 64.82% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on BA. Susquehanna reaffirmed a “positive” rating and set a $230.00 price objective on shares of Boeing in a research note on Wednesday, August 14th. Argus lowered shares of Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Stifel Nicolaus upped their price objective on shares of Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. UBS Group dropped their target price on Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Finally, Citigroup reduced their price target on Boeing from $252.00 to $224.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and an average target price of $215.18.

Boeing Stock Up 0.8 %

Shares of Boeing stock traded up $1.33 on Wednesday, hitting $173.43. 4,486,909 shares of the company were exchanged, compared to its average volume of 8,023,812. The company has a 50-day moving average price of $178.68 and a 200 day moving average price of $183.79. The stock has a market capitalization of $106.47 billion, a price-to-earnings ratio of -48.85 and a beta of 1.56. The Boeing Company has a 1-year low of $159.70 and a 1-year high of $267.54.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The business had revenue of $16.87 billion during the quarter, compared to the consensus estimate of $17.35 billion. The business’s revenue was down 14.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.82) earnings per share. Research analysts forecast that The Boeing Company will post -2.38 EPS for the current 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.