CW Advisors LLC Reduces Stock Position in The Boeing Company $BA

CW Advisors LLC lessened its holdings in The Boeing Company (NYSE:BA) by 42.6% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 13,581 shares of the aircraft producer’s stock after selling 10,068 shares during the period. CW Advisors LLC’s holdings in Boeing were worth $2,846,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Acorns Advisers LLC lifted its position in shares of Boeing by 15.7% during the second quarter. Acorns Advisers LLC now owns 2,422 shares of the aircraft producer’s stock worth $507,000 after purchasing an additional 329 shares during the last quarter. Benedict Financial Advisors Inc. increased its stake in Boeing by 21.6% in the 2nd quarter. Benedict Financial Advisors Inc. now owns 10,020 shares of the aircraft producer’s stock worth $2,099,000 after buying an additional 1,782 shares during the period. Twin Peaks Wealth Advisors LLC bought a new stake in Boeing during the 2nd quarter valued at about $150,000. Berbice Capital Management LLC boosted its position in Boeing by 644.6% in the 2nd quarter. Berbice Capital Management LLC now owns 968 shares of the aircraft producer’s stock valued at $203,000 after buying an additional 838 shares during the period. Finally, Isthmus Partners LLC bought a new position in Boeing in the 2nd quarter worth about $284,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Shares of BA stock opened at $202.04 on Friday. The stock’s 50-day moving average is $204.25 and its 200 day moving average is $214.13. 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 $153.57 billion, a P/E ratio of -14.77 and a beta of 1.18.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 29th. The aircraft producer reported ($7.47) EPS for the quarter, missing the consensus estimate of ($0.51) by ($6.96). The business had revenue of $23.27 billion for the quarter, compared to analyst estimates of $21.61 billion. During the same period last year, the firm posted ($10.44) earnings per share. The business’s revenue was up 30.4% on a year-over-year basis. On average, analysts anticipate that The Boeing Company will post -2.58 EPS for the current year.

Insider Buying and Selling

In other news, SVP Dana S. Deasy bought 554 shares of the firm’s stock in a transaction that occurred on Monday, November 24th. The stock was bought at an average price of $178.88 per share, with a total value of $99,099.52. Following the completion of the transaction, the senior vice president directly owned 28,442 shares of the company’s stock, valued at approximately $5,087,704.96. The trade was a 1.99% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Uma M. Amuluru sold 1,366 shares of Boeing stock in a transaction on Thursday, November 6th. The stock was sold at an average price of $197.66, for a total transaction of $270,003.56. Following the completion of the transaction, the executive vice president directly owned 14,656 shares in the company, valued at $2,896,904.96. This represents a 8.53% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.09% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BA shares. JPMorgan Chase & Co. decreased their price target on shares of Boeing from $251.00 to $240.00 and set an “overweight” rating for the company in a research note on Thursday, October 30th. BNP Paribas set a $150.00 target price on Boeing in a research report on Tuesday, November 18th. BNP Paribas Exane assumed coverage on Boeing in a research report on Tuesday, November 18th. They set an “underperform” rating and a $150.00 price target on the stock. UBS Group restated a “buy” rating on shares of Boeing in a research note on Thursday, October 30th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $240.00 price objective for the company. in a research note on Thursday, October 30th. Three equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, four have issued a Hold rating and five have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $232.09.

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.