Atria Wealth Solutions Inc. Has $3.56 Million Stock Position in The Boeing Company $BA

Atria Wealth Solutions Inc. reduced its position in shares of The Boeing Company (NYSE:BA) by 65.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,941 shares of the aircraft producer’s stock after selling 31,695 shares during the period. Atria Wealth Solutions Inc.’s holdings in Boeing were worth $3,561,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vestcor Inc raised its position in Boeing by 9.0% during the first quarter. Vestcor Inc now owns 14,489 shares of the aircraft producer’s stock valued at $2,471,000 after purchasing an additional 1,195 shares in the last quarter. National Pension Service raised its position in Boeing by 19.6% during the first quarter. National Pension Service now owns 1,333,131 shares of the aircraft producer’s stock valued at $227,365,000 after purchasing an additional 218,049 shares in the last quarter. MFG Wealth Management Inc. acquired a new position in shares of Boeing during the first quarter worth $2,125,000. McElhenny Sheffield Capital Management LLC acquired a new position in shares of Boeing during the second quarter worth $62,859,000. Finally, Kelman Lazarov Inc. acquired a new position in shares of Boeing during the first quarter worth $262,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Down 0.6%

Shares of Boeing stock opened at $214.31 on Wednesday. The Boeing Company has a twelve month low of $128.88 and a twelve month high of $242.69. The stock has a market cap of $162.05 billion, a price-to-earnings ratio of -12.98 and a beta of 1.47. The company’s fifty day moving average is $223.95 and its 200 day moving average is $206.92.

Boeing (NYSE:BA) last issued its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The company had revenue of $22.75 billion for the quarter, compared to the consensus estimate of $20.13 billion. During the same quarter last year, the company posted ($2.90) earnings per share. The firm’s revenue was up 34.9% compared to the same quarter last year. As a group, equities analysts anticipate that The Boeing Company will post -2.58 earnings per share for the current fiscal year.

Insider Transactions at Boeing

In other Boeing news, Director Mortimer J. Buckley purchased 2,200 shares of the firm’s stock in a transaction on Tuesday, August 19th. The stock was purchased at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the acquisition, the director owned 2,200 shares in the company, valued at approximately $497,420. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP David Christopher Raymond sold 3,771 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $229.94, for a total value of $867,103.74. Following the sale, the executive vice president owned 35,873 shares of the company’s stock, valued at approximately $8,248,637.62. The trade was a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BA. Jefferies Financial Group set a $255.00 price target on shares of Boeing in a report on Tuesday, September 30th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Boeing in a report on Wednesday, October 8th. Susquehanna reiterated a “positive” rating and set a $270.00 price target on shares of Boeing in a report on Monday, September 15th. Vertical Research upgraded shares of Boeing from a “hold” rating to a “buy” rating and upped their price target for the stock from $242.00 to $270.00 in a report on Monday, September 8th. Finally, Sanford C. Bernstein upped their price target on shares of Boeing from $249.00 to $282.00 and gave the stock an “outperform” rating in a report on Thursday, October 2nd. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $240.20.

Boeing Profile

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.