OneDigital Investment Advisors LLC Sells 2,222 Shares of The Boeing Company (NYSE:BA)

OneDigital Investment Advisors LLC decreased its holdings in The Boeing Company (NYSE:BA) by 3.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 71,869 shares of the aircraft producer’s stock after selling 2,222 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Boeing were worth $10,927,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Lazari Capital Management Inc. boosted its stake in shares of Boeing by 55.7% in the 2nd quarter. Lazari Capital Management Inc. now owns 23,216 shares of the aircraft producer’s stock valued at $4,226,000 after purchasing an additional 8,309 shares during the last quarter. Patten & Patten Inc. TN lifted its holdings in Boeing by 19.8% in the third quarter. Patten & Patten Inc. TN now owns 24,603 shares of the aircraft producer’s stock valued at $3,741,000 after buying an additional 4,065 shares during the period. Czech National Bank boosted its position in Boeing by 8.4% during the third quarter. Czech National Bank now owns 119,243 shares of the aircraft producer’s stock valued at $18,130,000 after acquiring an additional 9,281 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in Boeing by 2.3% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,589,850 shares of the aircraft producer’s stock worth $241,721,000 after acquiring an additional 35,068 shares during the period. Finally, BSN CAPITAL PARTNERS Ltd bought a new position in shares of Boeing in the 3rd quarter worth about $11,237,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BA has been the topic of several research analyst reports. UBS Group cut their target price on Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Benchmark restated a “buy” rating and set a $250.00 price target on shares of Boeing in a report on Thursday, October 24th. Citigroup reduced their price objective on shares of Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of Boeing in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company cut their target price on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a research note on Monday, November 4th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $190.37.

Boeing Price Performance

BA opened at $138.13 on Friday. The Boeing Company has a fifty-two week low of $137.22 and a fifty-two week high of $267.54. The company’s 50-day moving average is $154.03 and its 200 day moving average is $169.89. The firm has a market capitalization of $85.39 billion, a P/E ratio of -10.71 and a beta of 1.57.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The company had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($3.26) EPS. On average, equities research analysts expect that The Boeing Company will post -16.09 earnings per share for the current year.

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.