Arkadios Wealth Advisors Decreases Stake in The Boeing Company (NYSE:BA)

Arkadios Wealth Advisors lowered its holdings in The Boeing Company (NYSE:BA) by 21.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,408 shares of the aircraft producer’s stock after selling 4,033 shares during the quarter. Arkadios Wealth Advisors’ holdings in Boeing were worth $2,191,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Hennion & Walsh Asset Management Inc. acquired a new position in Boeing during the first quarter worth $310,000. Vicus Capital raised its stake in shares of Boeing by 15.6% during the 1st quarter. Vicus Capital now owns 1,144 shares of the aircraft producer’s stock worth $221,000 after buying an additional 154 shares during the last quarter. Atticus Wealth Management LLC boosted its position in shares of Boeing by 29.4% in the 1st quarter. Atticus Wealth Management LLC now owns 414 shares of the aircraft producer’s stock worth $80,000 after buying an additional 94 shares in the last quarter. Breakwater Capital Group grew its stake in Boeing by 9.7% in the 1st quarter. Breakwater Capital Group now owns 2,914 shares of the aircraft producer’s stock valued at $562,000 after acquiring an additional 258 shares during the last quarter. Finally, Mirador Capital Partners LP purchased a new position in Boeing during the 1st quarter valued at about $3,258,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Stock Down 0.1 %

BA stock opened at $155.01 on Friday. The Boeing Company has a 52 week low of $146.02 and a 52 week high of $267.54. The company has a market cap of $95.16 billion, a price-to-earnings ratio of -43.66 and a beta of 1.57. The business has a fifty day simple moving average of $159.68 and a 200-day simple moving average of $171.66.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. Boeing’s revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company earned ($3.26) EPS. As a group, analysts expect that The Boeing Company will post -5.35 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Susquehanna reduced their price target on shares of Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a report on Thursday. DZ Bank lowered Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a research note on Tuesday, October 15th. Jefferies Financial Group dropped their price target on Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. TD Cowen reduced their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research note on Thursday. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and an average price target of $191.79.

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.