Atria Wealth Solutions Inc. Has $8.90 Million Position in The Boeing Company (NYSE:BA)

Atria Wealth Solutions Inc. lowered its holdings in The Boeing Company (NYSE:BA) by 15.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,285 shares of the aircraft producer’s stock after selling 9,432 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Boeing were worth $8,900,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Sierra Ocean LLC acquired a new stake in Boeing in the 4th quarter valued at $26,000. Sugar Maple Asset Management LLC acquired a new stake in Boeing in the 4th quarter valued at $27,000. RPg Family Wealth Advisory LLC purchased a new position in Boeing during the 3rd quarter worth $28,000. Fiduciary Advisors Inc. purchased a new position in Boeing during the 4th quarter worth $28,000. Finally, Cedar Wealth Management LLC purchased a new position in Boeing during the 3rd quarter worth $30,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Wells Fargo & Company lifted their price objective on shares of Boeing from $85.00 to $103.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. Citigroup lifted their price objective on shares of Boeing from $207.00 to $210.00 and gave the stock a “buy” rating in a report on Monday, February 10th. JPMorgan Chase & Co. lifted their price objective on shares of Boeing from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Wednesday, January 29th. Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $195.00 to $169.00 in a research note on Wednesday, October 30th. Finally, Barclays upgraded Boeing from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $190.00 to $210.00 in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and an average price target of $195.16.

Boeing Stock Performance

Shares of Boeing stock opened at $184.73 on Wednesday. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $208.10. The stock’s 50-day simple moving average is $175.92 and its 200 day simple moving average is $164.05. The stock has a market capitalization of $138.56 billion, a P/E ratio of -10.08 and a beta of 1.52.

Boeing (NYSE:BA) last announced its quarterly earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same quarter in the previous year, the company posted ($0.47) earnings per share. Equities research analysts forecast that The Boeing Company will post -2.3 EPS for the current fiscal year.

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.