Mattern Wealth Management LLC Sells 2,690 Shares of The Boeing Company (NYSE:BA)

Mattern Wealth Management LLC decreased its stake in shares of The Boeing Company (NYSE:BAFree Report) by 59.1% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,865 shares of the aircraft producer’s stock after selling 2,690 shares during the quarter. Mattern Wealth Management LLC’s holdings in Boeing were worth $284,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in BA. Madison Park Capital Advisors LLC grew its stake in shares of Boeing by 4.9% in the second quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock valued at $219,000 after buying an additional 56 shares in the last quarter. Wealth Alliance Advisory Group LLC raised its holdings in shares of Boeing by 1.6% in the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer’s stock valued at $691,000 after purchasing an additional 60 shares during the period. Angeles Wealth Management LLC grew its holdings in Boeing by 4.2% during the first quarter. Angeles Wealth Management LLC now owns 1,524 shares of the aircraft producer’s stock worth $294,000 after purchasing an additional 61 shares during the period. IMS Capital Management increased its position in Boeing by 0.4% during the second quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer’s stock worth $2,759,000 after buying an additional 62 shares during the last quarter. Finally, Meeder Advisory Services Inc. raised its stake in Boeing by 0.9% in the first quarter. Meeder Advisory Services Inc. now owns 7,559 shares of the aircraft producer’s stock valued at $1,459,000 after buying an additional 65 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Price Performance

NYSE:BA traded down $0.38 during trading hours on Tuesday, hitting $159.44. The company’s stock had a trading volume of 2,950,906 shares, compared to its average volume of 8,060,628. The Boeing Company has a twelve month low of $146.02 and a twelve month high of $267.54. The stock has a fifty day simple moving average of $161.01 and a 200-day simple moving average of $172.28. The company has a market capitalization of $97.88 billion, a P/E ratio of -44.85 and a beta of 1.57.

Boeing (NYSE:BAGet Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The firm had revenue of $16.87 billion during the quarter, compared to the consensus estimate of $17.35 billion. During the same period last year, the firm earned ($0.82) EPS. The business’s revenue was down 14.6% compared to the same quarter last year. On average, equities analysts predict that The Boeing Company will post -5.35 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on BA shares. Morgan Stanley decreased their target price on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Friday. Susquehanna dropped their price objective on shares of Boeing from $230.00 to $210.00 and set a “positive” rating on the stock in a research report on Thursday, October 17th. Stifel Nicolaus upped their price target on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. TD Cowen cut their price objective on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $198.79.

Read Our Latest Analysis on Boeing

Boeing Company Profile

(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 Commercial Airplanes; Defense, Space & Security; and Global Services segments.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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