WR Wealth Planners LLC Sells 102 Shares of The Boeing Company (NYSE:BA)

WR Wealth Planners LLC lessened its holdings in The Boeing Company (NYSE:BA) by 7.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,260 shares of the aircraft producer’s stock after selling 102 shares during the quarter. WR Wealth Planners LLC’s holdings in Boeing were worth $229,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. U.S. Capital Wealth Advisors LLC grew its stake in Boeing by 41.5% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 15,761 shares of the aircraft producer’s stock worth $4,108,000 after purchasing an additional 4,622 shares in the last quarter. One Charles Private Wealth Services LLC bought a new position in shares of Boeing during the 4th quarter worth $205,000. Sanders Morris Harris LLC increased its stake in shares of Boeing by 869.1% during the first quarter. Sanders Morris Harris LLC now owns 22,775 shares of the aircraft producer’s stock valued at $4,395,000 after buying an additional 20,425 shares during the period. Park Avenue Securities LLC raised its holdings in shares of Boeing by 20.7% in the first quarter. Park Avenue Securities LLC now owns 10,543 shares of the aircraft producer’s stock valued at $2,035,000 after acquiring an additional 1,805 shares in the last quarter. Finally, Williams Financial LLC purchased a new stake in Boeing in the second quarter worth about $1,637,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on BA. Wells Fargo & Company reduced their price target on shares of Boeing from $190.00 to $185.00 and set an “equal weight” rating for the company in a report on Friday, August 2nd. Baird R W raised shares of Boeing to a “strong-buy” rating in a research note on Monday, June 3rd. Susquehanna reaffirmed a “positive” rating and set a $230.00 target price on shares of Boeing in a research report on Wednesday, August 14th. Robert W. Baird reduced their price target on Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, June 3rd. Finally, Sanford C. Bernstein cut their target price on Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a research note on Monday, August 5th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and an average price target of $215.18.

Boeing Stock Up 0.9 %

Shares of BA traded up $1.48 during trading hours on Friday, reaching $173.74. 4,146,190 shares of the company traded hands, compared to its average volume of 5,527,323. The stock has a market capitalization of $107.05 billion, a P/E ratio of -48.94 and a beta of 1.56. The business has a fifty day moving average price of $178.13 and a 200-day moving average price of $182.06. The Boeing Company has a 12-month low of $159.70 and a 12-month high of $267.54.

Boeing (NYSE:BA) last posted its quarterly 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 business had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. During the same quarter in the previous year, the firm posted ($0.82) EPS. The business’s revenue was down 14.6% on a year-over-year basis. As a group, research analysts predict that The Boeing Company will post -4.26 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.