The Boeing Company (NYSE:BA) Shares Sold by Onyx Bridge Wealth Group LLC

Onyx Bridge Wealth Group LLC trimmed its position in The Boeing Company (NYSE:BA) by 22.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,233 shares of the aircraft producer’s stock after selling 1,257 shares during the period. Onyx Bridge Wealth Group LLC’s holdings in Boeing were worth $749,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of BA. Czech National Bank raised its stake in Boeing by 8.4% during the 3rd quarter. Czech National Bank now owns 119,243 shares of the aircraft producer’s stock valued at $18,130,000 after purchasing an additional 9,281 shares during the period. GAMMA Investing LLC raised its stake in shares of Boeing by 6.9% during the 3rd quarter. GAMMA Investing LLC now owns 4,069 shares of the aircraft producer’s stock worth $619,000 after purchasing an additional 264 shares in the last quarter. Fulton Bank N.A. increased its holdings in Boeing by 14.9% in the third quarter. Fulton Bank N.A. now owns 4,282 shares of the aircraft producer’s stock worth $651,000 after buying an additional 556 shares during the last quarter. Rockingstone Advisors LLC lifted its stake in Boeing by 33.8% in the third quarter. Rockingstone Advisors LLC now owns 6,190 shares of the aircraft producer’s stock valued at $941,000 after acquiring an additional 1,563 shares during the last quarter. Finally, Future Financial Wealth Managment LLC acquired a new position in shares of Boeing during the 3rd quarter worth $91,000. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Up 3.2 %

Shares of Boeing stock opened at $181.80 on Thursday. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $213.77. The firm’s 50-day moving average price is $170.47 and its two-hundred day moving average price is $164.00. The stock has a market capitalization of $112.39 billion, a price-to-earnings ratio of -9.92 and a beta of 1.52.

Boeing (NYSE:BA) last posted its quarterly earnings data on Tuesday, January 28th. The aircraft producer reported ($5.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.60) by ($4.30). During the same period in the prior year, the business earned ($0.47) earnings per share. As a group, equities research analysts predict that The Boeing Company will post -2.12 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Susquehanna raised their target price on Boeing from $200.00 to $205.00 and gave the company a “positive” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. upped their target price on Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 29th. Citigroup dropped their price target on shares of Boeing from $209.00 to $207.00 and set a “buy” rating on the stock in a research report on Friday, January 24th. UBS Group upped their price objective on shares of Boeing from $208.00 to $217.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Finally, Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $190.00 to $210.00 in a research note on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and a consensus target price of $195.00.

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.