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

Spire Wealth Management reduced its stake in The Boeing Company (NYSE:BAFree Report) by 9.1% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 15,719 shares of the aircraft producer’s stock after selling 1,579 shares during the period. Spire Wealth Management’s holdings in Boeing were worth $3,013,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in BA. Midwest Financial Group LLC boosted its position in shares of Boeing by 0.4% during the 2nd quarter. Midwest Financial Group LLC now owns 12,493 shares of the aircraft producer’s stock worth $2,638,000 after acquiring an additional 45 shares in the last quarter. Vestmark Advisory Solutions Inc. boosted its position in Boeing by 3.8% in the second quarter. Vestmark Advisory Solutions Inc. now owns 1,228 shares of the aircraft producer’s stock valued at $259,000 after buying an additional 45 shares in the last quarter. Claro Advisors LLC boosted its position in Boeing by 4.0% in the second quarter. Claro Advisors LLC now owns 1,170 shares of the aircraft producer’s stock valued at $247,000 after buying an additional 45 shares in the last quarter. Bollard Group LLC boosted its position in Boeing by 10.6% in the second quarter. Bollard Group LLC now owns 469 shares of the aircraft producer’s stock valued at $99,000 after buying an additional 45 shares in the last quarter. Finally, Nvwm LLC boosted its position in Boeing by 1.2% in the second quarter. Nvwm LLC now owns 4,152 shares of the aircraft producer’s stock valued at $877,000 after buying an additional 48 shares in the last quarter. 61.33% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BA has been the topic of a number of research analyst reports. The Goldman Sachs Group restated a “buy” rating on shares of Boeing in a research report on Wednesday, November 1st. Royal Bank of Canada cut their target price on shares of Boeing from $285.00 to $260.00 and set an “outperform” rating on the stock in a research report on Thursday, February 1st. Susquehanna dropped their price target on shares of Boeing from $306.00 to $279.00 and set a “positive” rating for the company in a research note on Thursday, January 18th. Northcoast Research raised shares of Boeing from a “neutral” rating to a “buy” rating and set a $217.00 price target for the company in a research note on Tuesday, October 31st. Finally, William Blair began coverage on shares of Boeing in a research note on Tuesday, December 12th. They set an “outperform” rating for the company. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $252.63.

View Our Latest Research Report on Boeing

Boeing Stock Down 1.3 %

BA opened at $206.63 on Tuesday. The Boeing Company has a 1-year low of $176.25 and a 1-year high of $267.54. The company has a fifty day moving average price of $233.84 and a two-hundred day moving average price of $217.60.

Boeing (NYSE:BAGet Free Report) last posted its quarterly earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, beating the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion during the quarter, compared to the consensus estimate of $21.14 billion. During the same period last year, the firm posted ($1.75) earnings per share. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, equities analysts expect that The Boeing Company will post 3.22 earnings per share for the current year.

About Boeing

(Free Report)

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 four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

Further Reading

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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