West Wealth Group LLC Sells 179 Shares of The Boeing Company (NYSE:BA)

West Wealth Group LLC cut its position in shares of The Boeing Company (NYSE:BA) by 2.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,430 shares of the aircraft producer’s stock after selling 179 shares during the period. Boeing comprises about 0.4% of West Wealth Group LLC’s investment portfolio, making the stock its 28th largest position. West Wealth Group LLC’s holdings in Boeing were worth $1,282,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of BA. Financial Partners Group LLC boosted its position in shares of Boeing by 33.2% during the 3rd quarter. Financial Partners Group LLC now owns 7,861 shares of the aircraft producer’s stock valued at $1,195,000 after acquiring an additional 1,958 shares in the last quarter. Mount Yale Investment Advisors LLC lifted its stake in Boeing by 5.3% during the third quarter. Mount Yale Investment Advisors LLC now owns 3,250 shares of the aircraft producer’s stock worth $494,000 after purchasing an additional 163 shares during the period. Rowlandmiller & PARTNERS.ADV grew its stake in shares of Boeing by 2.6% in the 3rd quarter. Rowlandmiller & PARTNERS.ADV now owns 9,345 shares of the aircraft producer’s stock valued at $1,421,000 after purchasing an additional 240 shares during the period. Dakota Wealth Management raised its holdings in shares of Boeing by 4.3% in the 3rd quarter. Dakota Wealth Management now owns 10,386 shares of the aircraft producer’s stock worth $1,579,000 after buying an additional 425 shares in the last quarter. Finally, IFM Investors Pty Ltd raised its holdings in shares of Boeing by 0.4% in the 3rd quarter. IFM Investors Pty Ltd now owns 23,856 shares of the aircraft producer’s stock worth $3,627,000 after buying an additional 86 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on BA shares. The Goldman Sachs Group reduced their target price on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Susquehanna reduced their price target on shares of Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research report on Thursday. Citigroup dropped their price objective on shares of Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Wells Fargo & Company cut their target price on shares of Boeing from $109.00 to $86.00 and set an “underweight” rating for the company in a research note on Thursday. Finally, JPMorgan Chase & Co. decreased their price target on Boeing from $235.00 to $195.00 and set an “overweight” rating on the stock in a research report on Monday, October 14th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and an average target price of $191.79.

Boeing Price Performance

Shares of BA stock traded up $0.70 on Friday, reaching $155.90. 1,412,635 shares of the company were exchanged, compared to its average volume of 8,094,139. The Boeing Company has a one year low of $146.02 and a one year high of $267.54. The company has a market cap of $95.70 billion, a price-to-earnings ratio of -43.72 and a beta of 1.57. The company has a 50-day moving average of $160.61 and a 200-day moving average of $172.01.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($3.26) EPS. As a group, sell-side analysts predict that The Boeing Company will post -5.35 EPS for the current year.

Boeing Company 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.