Atria Wealth Solutions Inc. Decreases Stock Position in The Boeing Company (NYSE:BA)

Atria Wealth Solutions Inc. lessened its position in The Boeing Company (NYSE:BA) by 7.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 84,878 shares of the aircraft producer’s stock after selling 6,723 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Boeing were worth $22,124,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in BA. Trust Co. of Vermont increased its stake in Boeing by 1.0% in the 3rd quarter. Trust Co. of Vermont now owns 4,389 shares of the aircraft producer’s stock valued at $841,000 after purchasing an additional 45 shares in the last quarter. Benchmark Financial Wealth Advisors LLC increased its position in Boeing by 2.7% during the fourth quarter. Benchmark Financial Wealth Advisors LLC now owns 1,785 shares of the aircraft producer’s stock worth $465,000 after buying an additional 47 shares in the last quarter. WealthPlan Investment Management LLC increased its position in Boeing by 1.0% during the fourth quarter. WealthPlan Investment Management LLC now owns 4,716 shares of the aircraft producer’s stock worth $1,229,000 after buying an additional 49 shares in the last quarter. RB Capital Management LLC increased its position in Boeing by 2.7% during the third quarter. RB Capital Management LLC now owns 1,893 shares of the aircraft producer’s stock worth $363,000 after buying an additional 50 shares in the last quarter. Finally, M&R Capital Management Inc. increased its position in Boeing by 35.0% during the fourth quarter. M&R Capital Management Inc. now owns 193 shares of the aircraft producer’s stock worth $50,000 after buying an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

BA has been the subject of several recent research reports. Melius reissued a “hold” rating on shares of Boeing in a research report on Monday, April 1st. JPMorgan Chase & Co. dropped their price target on Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a research report on Friday, April 12th. TD Cowen dropped their price target on Boeing from $275.00 to $230.00 and set an “outperform” rating for the company in a research report on Monday, March 25th. Stifel Nicolaus dropped their price target on Boeing from $270.00 to $260.00 and set a “buy” rating for the company in a research report on Wednesday, April 10th. Finally, Citigroup decreased their price objective on Boeing from $263.00 to $252.00 and set a “buy” rating on the stock in a report on Thursday, March 28th. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $226.71.

Boeing Trading Down 2.9 %

Shares of BA traded down $4.84 during midday trading on Wednesday, reaching $164.34. 20,821,575 shares of the company were exchanged, compared to its average volume of 9,753,916. The stock has a 50-day moving average price of $188.03 and a 200-day moving average price of $206.89. The company has a market cap of $100.27 billion, a price-to-earnings ratio of -44.66, a P/E/G ratio of 135.00 and a beta of 1.52. The Boeing Company has a 1-year low of $162.74 and a 1-year high of $267.54.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.25. The business had revenue of $22.02 billion for the quarter, compared to analysts’ expectations of $21.14 billion. During the same period in the previous year, the firm posted ($1.75) earnings per share. The firm’s revenue was up 10.2% compared to the same quarter last year. Equities research analysts anticipate that The Boeing Company will post 0.32 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.