Aviso Wealth Management Sells 3,143 Shares of The Boeing Company (NYSE:BA)

Aviso Wealth Management trimmed its position in The Boeing Company (NYSE:BA) by 32.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,688 shares of the aircraft producer’s stock after selling 3,143 shares during the quarter. Aviso Wealth Management’s holdings in Boeing were worth $1,217,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vermillion & White Wealth Management Group LLC bought a new position in Boeing in the fourth quarter worth approximately $26,000. Kiely Wealth Advisory Group Inc. purchased a new position in shares of Boeing in the 2nd quarter valued at $33,000. Vima LLC bought a new position in shares of Boeing in the 4th quarter worth $34,000. Hobbs Group Advisors LLC bought a new position in shares of Boeing in the 2nd quarter worth $34,000. Finally, McClarren Financial Advisors Inc. lifted its stake in shares of Boeing by 451.4% during the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after purchasing an additional 158 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 1.1 %

BA stock opened at $156.32 on Friday. The Boeing Company has a 52-week low of $151.65 and a 52-week high of $267.54. The firm has a market cap of $95.96 billion, a P/E ratio of -44.03 and a beta of 1.57. The company’s 50-day simple moving average is $168.52 and its 200-day simple moving average is $176.15.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The business had revenue of $16.87 billion during the quarter, compared to the consensus estimate of $17.35 billion. The company’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.82) EPS. On average, analysts anticipate that The Boeing Company will post -4.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Bank of America lifted their target price on Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, June 13th. Sanford C. Bernstein cut their price objective on shares of Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. Robert W. Baird decreased their target price on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, June 3rd. Baird R W raised shares of Boeing to a “strong-buy” rating in a report on Monday, June 3rd. Finally, The Goldman Sachs Group decreased their price objective on Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $209.83.

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.