Atria Wealth Solutions Inc. Sells 6,723 Shares of The Boeing Company (NYSE:BA)

Atria Wealth Solutions Inc. reduced its position in shares of The Boeing Company (NYSE:BA - Free Report) by 7.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 84,878 shares of the aircraft producer's stock after selling 6,723 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Boeing were worth $22,124,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. CNB Bank grew its stake in shares of Boeing by 106.5% during the 3rd quarter. CNB Bank now owns 128 shares of the aircraft producer's stock valued at $25,000 after purchasing an additional 66 shares during the period. Park Place Capital Corp lifted its position in shares of Boeing by 185.1% during the 3rd quarter. Park Place Capital Corp now owns 211 shares of the aircraft producer's stock valued at $40,000 after buying an additional 137 shares in the last quarter. Lowe Wealth Advisors LLC purchased a new position in shares of Boeing during the 3rd quarter valued at about $43,000. Naples Money Management LLC purchased a new position in shares of Boeing during the 4th quarter valued at about $44,000. Finally, Blue Bell Private Wealth Management LLC lifted its position in shares of Boeing by 66.2% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 236 shares of the aircraft producer's stock valued at $45,000 after buying an additional 94 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

BA has been the topic of a number of analyst reports. Susquehanna lowered their price objective on Boeing from $265.00 to $230.00 and set a "positive" rating on the stock in a research report on Thursday, March 21st. Melius reaffirmed a "hold" rating on shares of Boeing in a research report on Monday, April 1st. Sanford C. Bernstein lowered their price objective on Boeing from $272.00 to $240.00 and set an "outperform" rating on the stock in a research report on Monday, April 8th. Royal Bank of Canada lowered their price target on Boeing from $225.00 to $215.00 and set an "outperform" rating on the stock in a report on Tuesday, April 16th. Finally, Edward Jones cut Boeing from a "buy" rating to a "hold" rating in a report on Monday, January 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $226.71.

Boeing Trading Down 2.9 %

Shares of NYSE BA traded down $4.84 during trading hours on Wednesday, hitting $164.34. 20,821,575 shares of the company traded hands, compared to its average volume of 9,753,916. The stock has a market capitalization of $100.27 billion, a price-to-earnings ratio of -44.66, a price-to-earnings-growth ratio of 135.00 and a beta of 1.52. The company's 50 day moving average price is $188.03 and its 200 day moving average price is $206.89. The Boeing Company has a 12 month low of $162.74 and a 12 month high of $267.54.

Boeing (NYSE:BA - Get Free Report) last released its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, beating the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion for the quarter, compared to the consensus estimate of $21.14 billion. The business's revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.75) EPS. Equities analysts anticipate that The Boeing Company will post 0.32 EPS for the current year.

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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