The Boeing Company (NYSE:BA) Shares Sold by OneAscent Financial Services LLC

OneAscent Financial Services LLC decreased its position in shares of The Boeing Company (NYSE:BA) by 46.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,853 shares of the aircraft producer’s stock after selling 1,630 shares during the quarter. OneAscent Financial Services LLC’s holdings in Boeing were worth $282,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Hobbs Group Advisors LLC acquired a new position in shares of Boeing during the 2nd quarter worth approximately $34,000. Kiely Wealth Advisory Group Inc. acquired a new position in Boeing during the second quarter worth $33,000. Harel Insurance Investments & Financial Services Ltd. raised its position in Boeing by 351.1% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after acquiring an additional 165 shares during the period. 1620 Investment Advisors Inc. purchased a new position in Boeing during the second quarter valued at $39,000. Finally, Pathway Financial Advisers LLC acquired a new stake in shares of Boeing in the first quarter valued at about $53,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on BA shares. Jefferies Financial Group decreased their price target on shares of Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Citigroup decreased their target price on Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft dropped their price target on Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Robert W. Baird decreased their price objective on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Finally, DZ Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price for the company. in a report on Tuesday, October 15th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $190.37.

Boeing Stock Performance

Boeing stock opened at $145.58 on Wednesday. The company’s 50 day simple moving average is $152.53 and its 200-day simple moving average is $168.95. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $267.54. The company has a market capitalization of $90.00 billion, a price-to-earnings ratio of -11.29 and a beta of 1.57.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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. During the same quarter last year, the firm posted ($3.26) earnings per share. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. Equities analysts expect that The Boeing Company will post -16.2 earnings per share for the current 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.