Atria Wealth Solutions Inc. Has $8.90 Million Stock Position in The Boeing Company (NYSE:BA)

Atria Wealth Solutions Inc. trimmed its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 15.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,285 shares of the aircraft producer's stock after selling 9,432 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Boeing were worth $8,900,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of BA. AdvisorNet Financial Inc grew its holdings in shares of Boeing by 54.2% during the fourth quarter. AdvisorNet Financial Inc now owns 2,021 shares of the aircraft producer's stock worth $358,000 after buying an additional 710 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in Boeing by 8.8% in the third quarter. Rockefeller Capital Management L.P. now owns 473,917 shares of the aircraft producer's stock valued at $72,075,000 after purchasing an additional 38,300 shares in the last quarter. Carnegie Investment Counsel lifted its position in Boeing by 175.6% during the 4th quarter. Carnegie Investment Counsel now owns 4,619 shares of the aircraft producer's stock worth $818,000 after buying an additional 2,943 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Boeing by 6.1% during the 3rd quarter. Principal Financial Group Inc. now owns 666,244 shares of the aircraft producer's stock worth $101,296,000 after buying an additional 38,332 shares during the last quarter. Finally, Jennison Associates LLC increased its position in shares of Boeing by 9.9% in the third quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer's stock valued at $1,018,775,000 after acquiring an additional 602,143 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on BA shares. Robert W. Baird dropped their price objective on Boeing from $240.00 to $200.00 and set an "outperform" rating on the stock in a research note on Thursday, October 24th. Susquehanna upped their price target on shares of Boeing from $200.00 to $205.00 and gave the stock a "positive" rating in a research report on Wednesday, January 29th. Royal Bank of Canada reiterated an "outperform" rating and set a $200.00 target price on shares of Boeing in a research note on Wednesday, January 29th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Boeing from $184.00 to $215.00 and gave the stock a "buy" rating in a research report on Thursday, January 2nd. Finally, Northcoast Research upgraded shares of Boeing from a "sell" rating to a "neutral" rating in a research report on Thursday, December 12th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Boeing currently has a consensus rating of "Moderate Buy" and an average price target of $195.16.

Boeing Stock Down 2.0 %

Shares of NYSE:BA traded down $3.54 during midday trading on Friday, hitting $177.34. The stock had a trading volume of 8,971,331 shares, compared to its average volume of 7,792,261. The company has a market capitalization of $133.01 billion, a P/E ratio of -9.68 and a beta of 1.52. The company's 50-day moving average price is $176.58 and its 200-day moving average price is $164.32. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $208.10.

Boeing (NYSE:BA - Get Free Report) last released its earnings results on Tuesday, January 28th. The aircraft producer reported ($5.90) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($4.30). During the same period in the previous year, the company posted ($0.47) earnings per share. Research analysts expect that The Boeing Company will post -2.32 EPS for the current fiscal 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.