The Boeing Company (NYSE:BA) Stock Position Decreased by Atria Wealth Solutions Inc.

Key Points

• Atria Wealth Solutions Inc. reduced its position in Boeing shares by 3.3%, bringing its total holdings to 48,636 shares valued at $8.3 million.
• Analysts have given Boeing a consensus rating of "Moderate Buy" with a price target of $228.90, following positive quarterly revenue results despite an EPS miss.
• Insider selling was reported, with key executives selling shares at prices around $202.87 and $206.28, indicating a reduction in their positions.

Atria Wealth Solutions Inc. cut its position in shares of The Boeing Company (NYSE:BA - Free Report) by 3.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,636 shares of the aircraft producer's stock after selling 1,649 shares during the period. Atria Wealth Solutions Inc.'s holdings in Boeing were worth $8,295,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. American National Bank & Trust raised its stake in shares of Boeing by 474.1% in the 1st quarter. American National Bank & Trust now owns 155 shares of the aircraft producer's stock valued at $26,000 after acquiring an additional 128 shares in the last quarter. REAP Financial Group LLC lifted its holdings in Boeing by 60.2% in the 4th quarter. REAP Financial Group LLC now owns 173 shares of the aircraft producer's stock worth $31,000 after purchasing an additional 65 shares during the last quarter. Dogwood Wealth Management LLC lifted its holdings in Boeing by 167.2% in the 4th quarter. Dogwood Wealth Management LLC now owns 179 shares of the aircraft producer's stock worth $32,000 after purchasing an additional 112 shares during the last quarter. Heck Capital Advisors LLC acquired a new stake in Boeing in the 4th quarter worth approximately $33,000. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Boeing by 122.1% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 191 shares of the aircraft producer's stock worth $34,000 after purchasing an additional 105 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Trading Up 1.0%

Shares of NYSE:BA opened at $224.62 on Wednesday. The Boeing Company has a 1-year low of $128.88 and a 1-year high of $242.69. The firm has a market capitalization of $169.85 billion, a PE ratio of -13.61 and a beta of 1.48. The business's 50 day moving average is $216.09 and its 200-day moving average is $189.57.

Boeing (NYSE:BA - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The aircraft producer reported ($1.24) EPS for the quarter, missing the consensus estimate of ($0.92) by ($0.32). The company had revenue of $22.75 billion during the quarter, compared to analyst estimates of $20.13 billion. Boeing's quarterly revenue was up 34.9% compared to the same quarter last year. During the same quarter last year, the company posted ($2.90) earnings per share. On average, sell-side analysts predict that The Boeing Company will post -2.58 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on BA shares. Cowen restated a "buy" rating on shares of Boeing in a report on Wednesday, May 7th. UBS Group set a $280.00 target price on Boeing and gave the stock a "buy" rating in a report on Wednesday, July 30th. Citigroup restated a "buy" rating on shares of Boeing in a report on Monday, July 28th. Barclays boosted their target price on Boeing from $210.00 to $255.00 and gave the stock an "overweight" rating in a report on Tuesday, July 29th. Finally, TD Securities lowered Boeing to a "cautious" rating in a report on Thursday, May 22nd. Three analysts have rated the stock with a sell rating, three have issued a hold rating, seventeen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Boeing presently has a consensus rating of "Moderate Buy" and a consensus price target of $228.90.

Insider Buying and Selling at Boeing

In related news, EVP Jeffrey S. Shockey sold 3,205 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of $202.87, for a total value of $650,198.35. Following the sale, the executive vice president owned 20,513 shares of the company's stock, valued at $4,161,472.31. The trade was a 13.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Brendan J. Nelson sold 640 shares of the business's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $206.28, for a total value of $132,019.20. Following the completion of the sale, the senior vice president directly owned 13,258 shares in the company, valued at approximately $2,734,860.24. This represents a 4.60% decrease in their position. The disclosure for this sale can be found here. 0.09% of the stock is owned by insiders.

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.

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