Golden State Wealth Management LLC Sells 486 Shares of The Boeing Company $BA

Golden State Wealth Management LLC lessened its stake in shares of The Boeing Company (NYSE:BA) by 9.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,764 shares of the aircraft producer’s stock after selling 486 shares during the quarter. Golden State Wealth Management LLC’s holdings in Boeing were worth $998,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Boeing by 1.9% during the first quarter. Vanguard Group Inc. now owns 65,655,044 shares of the aircraft producer’s stock valued at $11,197,468,000 after acquiring an additional 1,212,327 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Boeing by 0.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,198,059 shares of the aircraft producer’s stock worth $715,979,000 after purchasing an additional 19,615 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Boeing by 3.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,933,139 shares of the aircraft producer’s stock valued at $500,247,000 after purchasing an additional 91,707 shares during the last quarter. Swiss National Bank lifted its holdings in Boeing by 2.5% during the 1st quarter. Swiss National Bank now owns 2,110,200 shares of the aircraft producer’s stock valued at $359,895,000 after purchasing an additional 51,700 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in Boeing by 2.3% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,014,928 shares of the aircraft producer’s stock valued at $422,188,000 after buying an additional 46,180 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Insider Activity

In other Boeing news, Director Mortimer J. Buckley purchased 2,200 shares of the stock in a transaction dated Tuesday, August 19th. The stock was bought at an average price of $226.10 per share, for a total transaction of $497,420.00. Following the transaction, the director directly owned 2,200 shares in the company, valued at $497,420. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.09% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on BA. Morgan Stanley reaffirmed an “equal weight” rating on shares of Boeing in a report on Monday, July 28th. Deutsche Bank Aktiengesellschaft cut Boeing from a “buy” rating to a “hold” rating and set a $240.00 price target for the company. in a report on Thursday, October 30th. Jefferies Financial Group set a $255.00 price objective on Boeing in a research note on Tuesday, September 30th. Royal Bank Of Canada restated an “outperform” rating and issued a $250.00 target price on shares of Boeing in a research note on Monday, September 29th. Finally, Bank of America lifted their price target on Boeing from $260.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 1st. Three analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, three have issued a Hold rating and four have given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $241.80.

Boeing Stock Performance

NYSE BA opened at $196.65 on Friday. The stock has a market capitalization of $149.47 billion, a P/E ratio of -14.38 and a beta of 1.44. The Boeing Company has a 52 week low of $128.88 and a 52 week high of $242.69. The stock has a fifty day moving average of $217.46 and a 200-day moving average of $213.49.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The company had revenue of $23.27 billion during the quarter, compared to analyst estimates of $21.61 billion. The firm’s revenue was up 30.4% compared to the same quarter last year. During the same quarter last year, the company posted ($10.44) EPS. Equities research analysts forecast that The Boeing Company will post -2.58 earnings per share for the current fiscal 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.