Transform Wealth LLC Sells 420 Shares of The Boeing Company (NYSE:BA)

Transform Wealth LLC reduced its position in shares of The Boeing Company (NYSE:BA) by 22.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 1,463 shares of the aircraft producer’s stock after selling 420 shares during the quarter. Transform Wealth LLC’s holdings in Boeing were worth $282,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of Boeing by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 48,501,954 shares of the aircraft producer’s stock worth $12,642,519,000 after buying an additional 892,446 shares during the period. Capital Research Global Investors increased its position in shares of Boeing by 35.5% in the 4th quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock valued at $4,400,109,000 after buying an additional 4,425,964 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Boeing by 23.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock worth $2,560,466,000 after buying an additional 1,884,850 shares during the period. Morgan Stanley grew its stake in Boeing by 1.1% in the third quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock valued at $1,602,880,000 after acquiring an additional 91,801 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Boeing by 1.1% in the fourth quarter. Northern Trust Corp now owns 5,003,262 shares of the aircraft producer’s stock worth $1,304,150,000 after acquiring an additional 52,081 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Up 2.3 %

Shares of Boeing stock traded up $4.08 on Thursday, hitting $182.58. The stock had a trading volume of 8,193,785 shares, compared to its average volume of 8,578,547. The stock has a market cap of $112.08 billion, a price-to-earnings ratio of -51.46 and a beta of 1.55. The business’s 50 day moving average is $178.00 and its two-hundred day moving average is $199.34. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) earnings per share for the quarter, topping the consensus estimate of ($1.43) by $0.30. The firm had revenue of $16.57 billion for the quarter, compared to the consensus estimate of $17.69 billion. As a group, equities analysts predict that The Boeing Company will post -1.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on BA. Sanford C. Bernstein lowered their target price on Boeing from $230.00 to $215.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. Melius Research reaffirmed a “hold” rating on shares of Boeing in a research report on Monday, April 1st. Baird R W upgraded Boeing to a “strong-buy” rating in a report on Monday, June 3rd. Benchmark reaffirmed a “buy” rating and set a $250.00 price objective on shares of Boeing in a research report on Tuesday, March 26th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $225.00 target price on shares of Boeing in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $220.89.

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.