Atria Wealth Solutions Inc. Has $3.56 Million Stock Position in The Boeing Company $BA

Atria Wealth Solutions Inc. lowered its stake in The Boeing Company (NYSE:BA - Free Report) by 65.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,941 shares of the aircraft producer's stock after selling 31,695 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Boeing were worth $3,561,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Piscataqua Savings Bank increased its position in shares of Boeing by 1,712.5% in the second quarter. Piscataqua Savings Bank now owns 145 shares of the aircraft producer's stock valued at $30,000 after acquiring an additional 137 shares during the last quarter. Proathlete Wealth Management LLC bought a new position in Boeing during the first quarter worth about $34,000. Monetary Management Group Inc. grew its holdings in Boeing by 33.3% during the first quarter. Monetary Management Group Inc. now owns 200 shares of the aircraft producer's stock worth $34,000 after purchasing an additional 50 shares during the period. Keener Financial Planning LLC bought a new position in Boeing during the second quarter worth about $41,000. Finally, Columbia River Financial Group LLC bought a new position in Boeing during the first quarter worth about $50,000. Institutional investors and hedge funds own 64.82% of the company's stock.

Boeing Stock Down 0.6%

Shares of NYSE:BA opened at $214.31 on Wednesday. The Boeing Company has a 12-month low of $128.88 and a 12-month high of $242.69. The stock has a market cap of $162.05 billion, a PE ratio of -12.98 and a beta of 1.47. The business has a 50 day moving average of $223.95 and a 200-day moving average of $206.92.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The aircraft producer reported ($1.24) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.92) by ($0.32). The firm had revenue of $22.75 billion during the quarter, compared to the consensus estimate of $20.13 billion. The firm's revenue for the quarter was up 34.9% on a year-over-year basis. During the same period in the previous year, the company posted ($2.90) EPS. Equities research analysts expect that The Boeing Company will post -2.58 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. JPMorgan Chase & Co. lifted their price target on Boeing from $230.00 to $251.00 and gave the stock an "overweight" rating in a report on Wednesday, July 30th. Redburn Atlantic upgraded Boeing from a "hold" rating to a "strong-buy" rating and lifted their price target for the stock from $180.00 to $275.00 in a report on Friday, June 27th. Barclays lifted their price target on Boeing from $210.00 to $255.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Boeing in a report on Wednesday, October 8th. Finally, Vertical Research upgraded Boeing from a "hold" rating to a "buy" rating and lifted their price target for the stock from $242.00 to $270.00 in a report on Monday, September 8th. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $240.20.

Insider Activity at Boeing

In related news, Director Mortimer J. Buckley purchased 2,200 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The stock was acquired at an average cost of $226.10 per share, for a total transaction of $497,420.00. Following the completion of the purchase, the director owned 2,200 shares in the company, valued at approximately $497,420. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP David Christopher Raymond sold 3,771 shares of the business's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $229.94, for a total value of $867,103.74. Following the completion of the sale, the executive vice president owned 35,873 shares of the company's stock, valued at approximately $8,248,637.62. This trade represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.09% of the company's stock.

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.

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