Aviso Wealth Management Sells 3,143 Shares of The Boeing Company (NYSE:BA)

Aviso Wealth Management lowered its position in The Boeing Company (NYSE:BA) by 32.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 6,688 shares of the aircraft producer’s stock after selling 3,143 shares during the period. Aviso Wealth Management’s holdings in Boeing were worth $1,217,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Boeing by 2.5% in the first quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock worth $9,596,383,000 after buying an additional 1,222,816 shares in the last quarter. Newport Trust Company LLC increased its holdings in Boeing by 1.2% in the 2nd quarter. Newport Trust Company LLC now owns 31,640,184 shares of the aircraft producer’s stock valued at $5,758,830,000 after acquiring an additional 388,633 shares during the last quarter. Capital Research Global Investors lifted its stake in Boeing by 35.5% in the 4th quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock worth $4,400,109,000 after purchasing an additional 4,425,964 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Boeing by 23.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock valued at $2,560,466,000 after purchasing an additional 1,884,850 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Boeing by 1.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 7,619,126 shares of the aircraft producer’s stock valued at $1,386,757,000 after purchasing an additional 106,513 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $225.00 target price on shares of Boeing in a research report on Tuesday, June 25th. Wells Fargo & Company reaffirmed an “underweight” rating and set a $119.00 price objective (down from $185.00) on shares of Boeing in a report on Tuesday, September 3rd. Sanford C. Bernstein lowered their target price on Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a research report on Monday, August 5th. Baird R W upgraded shares of Boeing to a “strong-buy” rating in a research report on Monday, June 3rd. Finally, Jefferies Financial Group lowered their price objective on shares of Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $209.83.

Boeing Stock Performance

BA opened at $156.32 on Friday. The Boeing Company has a one year low of $151.65 and a one year high of $267.54. The stock has a market cap of $95.96 billion, a price-to-earnings ratio of -44.03 and a beta of 1.57. The stock’s 50 day moving average price is $168.52 and its 200-day moving average price is $176.15.

Boeing (NYSE:BA) last released its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The business had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. The firm’s revenue for the quarter was down 14.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.82) EPS. As a group, analysts predict that The Boeing Company will post -4.27 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.