The Boeing Company $BA Position Lowered by RWA Wealth Partners LLC

Key Points

• RWA Wealth Partners LLC reduced its stake in Boeing by 8.9%, owning 56,827 shares valued at approximately $9.69 million following a sale of 5,528 shares.
• Institutional investors collectively own 64.82% of Boeing's stock, with several firms such as Wood Tarver Financial Group and Signature Wealth Management Partners recently increasing their positions.
• Boeing reported earnings per share of ($1.24) for the last quarter, missing estimates but showing revenue growth of 34.9% year-over-year at $22.75 billion.

RWA Wealth Partners LLC decreased its stake in shares of The Boeing Company (NYSE:BA - Free Report) by 8.9% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 56,827 shares of the aircraft producer's stock after selling 5,528 shares during the period. RWA Wealth Partners LLC's holdings in Boeing were worth $9,692,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of BA. Wood Tarver Financial Group LLC lifted its stake in shares of Boeing by 14.3% in the 1st quarter. Wood Tarver Financial Group LLC now owns 439 shares of the aircraft producer's stock valued at $75,000 after purchasing an additional 55 shares during the last quarter. Signature Wealth Management Partners LLC lifted its stake in shares of Boeing by 2.0% in the 1st quarter. Signature Wealth Management Partners LLC now owns 2,888 shares of the aircraft producer's stock valued at $493,000 after purchasing an additional 57 shares during the last quarter. Byrne Financial Freedom LLC lifted its position in Boeing by 3.0% during the 1st quarter. Byrne Financial Freedom LLC now owns 1,993 shares of the aircraft producer's stock worth $340,000 after acquiring an additional 58 shares during the last quarter. HighPoint Advisor Group LLC lifted its position in Boeing by 0.3% during the 1st quarter. HighPoint Advisor Group LLC now owns 19,657 shares of the aircraft producer's stock worth $3,578,000 after acquiring an additional 58 shares during the last quarter. Finally, WBH Advisory Inc. raised its position in shares of Boeing by 2.6% during the first quarter. WBH Advisory Inc. now owns 2,304 shares of the aircraft producer's stock valued at $393,000 after buying an additional 58 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company's stock.

Insider Buying and Selling

In other Boeing news, EVP David Christopher Raymond sold 3,771 shares of the firm'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 sale, the executive vice president owned 35,873 shares in the company, valued at $8,248,637.62. This trade represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.09% of the company's stock.

Boeing Trading Up 0.9%

Shares of Boeing stock opened at $235.31 on Monday. The company has a 50 day moving average of $219.45 and a 200-day moving average of $192.71. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69. The company has a market cap of $177.93 billion, a PE ratio of -14.25 and a beta of 1.48.

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on BA shares. JPMorgan Chase & Co. upped their target price on shares of Boeing from $230.00 to $251.00 and gave the company an "overweight" rating in a research note on Wednesday, July 30th. The Goldman Sachs Group set a $212.00 target price on shares of Boeing and gave the company a "buy" rating in a research note on Thursday, June 12th. Benchmark reduced their price target on shares of Boeing from $250.00 to $215.00 and set a "buy" rating on the stock in a research report on Monday, April 21st. UBS Group set a $280.00 price target on shares of Boeing and gave the company a "buy" rating in a research note on Wednesday, July 30th. Finally, KGI Securities raised shares of Boeing from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 24th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, Boeing currently has an average rating of "Moderate Buy" and an average target price of $228.90.

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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