The Boeing Company (NYSE:BA) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. reduced its stake in The Boeing Company (NYSE:BA) by 44.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,916 shares of the aircraft producer’s stock after selling 18,176 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Boeing were worth $4,171,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Vermillion & White Wealth Management Group LLC purchased a new position in shares of Boeing during the 4th quarter worth $26,000. Vima LLC acquired a new position in Boeing in the fourth quarter valued at $34,000. Accent Capital Management LLC purchased a new position in Boeing during the fourth quarter worth about $39,000. Frank Rimerman Advisors LLC acquired a new stake in Boeing in the 4th quarter worth about $48,000. Finally, Hobbs Group Advisors LLC purchased a new stake in Boeing in the 2nd quarter valued at about $34,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of NYSE BA opened at $152.03 on Tuesday. The Boeing Company has a 1 year low of $151.24 and a 1 year high of $267.54. The stock’s 50-day simple moving average is $167.99 and its 200-day simple moving average is $175.90. The firm has a market cap of $93.33 billion, a price-to-earnings ratio of -42.83 and a beta of 1.57.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm’s revenue was down 14.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.82) EPS. As a group, research analysts predict that The Boeing Company will post -4.27 EPS for the current year.

Wall Street Analyst Weigh In

BA has been the topic of several research analyst reports. Susquehanna reissued a “positive” rating and issued a $230.00 target price on shares of Boeing in a research report on Wednesday, August 14th. Stifel Nicolaus upped their price objective on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. The Goldman Sachs Group reduced their target price on Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Baird R W upgraded Boeing to a “strong-buy” rating in a research note on Monday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $225.00 price objective on shares of Boeing in a research note on Tuesday, June 25th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Boeing currently has an average rating of “Moderate Buy” and an average 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.