The Boeing Company $BA Shares Sold by Alteri Wealth LLC

Alteri Wealth LLC decreased its position in shares of The Boeing Company (NYSE:BA) by 2.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,132 shares of the aircraft producer’s stock after selling 312 shares during the quarter. Boeing makes up about 1.1% of Alteri Wealth LLC’s portfolio, making the stock its 14th biggest holding. Alteri Wealth LLC’s holdings in Boeing were worth $2,961,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in Boeing by 1.7% in the 2nd quarter. Vanguard Group Inc. now owns 66,773,360 shares of the aircraft producer’s stock valued at $13,991,022,000 after purchasing an additional 1,118,316 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Boeing by 2.7% during the 2nd quarter. Geode Capital Management LLC now owns 16,316,838 shares of the aircraft producer’s stock valued at $3,402,073,000 after buying an additional 432,026 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Boeing by 0.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,198,059 shares of the aircraft producer’s stock valued at $715,979,000 after acquiring an additional 19,615 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Boeing by 3.2% in the first 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 worth $500,247,000 after acquiring an additional 91,707 shares during the period. Finally, Swiss National Bank increased its stake in Boeing by 2.5% during the first quarter. Swiss National Bank now owns 2,110,200 shares of the aircraft producer’s stock worth $359,895,000 after acquiring an additional 51,700 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on BA. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $267.00 price target on shares of Boeing in a research note on Friday. BNP Paribas Exane began coverage on shares of Boeing in a report on Tuesday. They issued an “underperform” rating and a $150.00 price objective on the stock. Jefferies Financial Group set a $255.00 target price on shares of Boeing in a research note on Tuesday, September 30th. Morgan Stanley reiterated an “equal weight” rating on shares of Boeing in a research report on Monday, July 28th. Finally, Bank of America upped their price objective on shares of Boeing from $260.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, August 1st. Three investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $236.00.

Insider Buying and Selling

In other Boeing news, EVP Uma M. Amuluru sold 1,366 shares of the firm’s stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $197.66, for a total value of $270,003.56. Following the sale, the executive vice president directly owned 14,656 shares in the company, valued at $2,896,904.96. This trade represents a 8.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.09% of the stock is owned by company insiders.

Boeing Stock Performance

Shares of Boeing stock opened at $189.71 on Wednesday. The business has a 50-day simple moving average of $211.28 and a 200-day simple moving average of $214.99. The Boeing Company has a one year low of $128.88 and a one year high of $242.69. The company has a market cap of $144.20 billion, a PE ratio of -13.87 and a beta of 1.44.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The company had revenue of $23.27 billion for the quarter, compared to analysts’ expectations of $21.61 billion. During the same quarter last year, the business posted ($10.44) earnings per share. The firm’s quarterly revenue was up 30.4% compared to the same quarter last year. On average, sell-side analysts predict 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.