Atomi Financial Group Inc. Has $3.16 Million Stock Holdings in The Boeing Company (NYSE:BA)

Atomi Financial Group Inc. lessened its stake in shares of The Boeing Company (NYSE:BA) by 1.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,837 shares of the aircraft producer’s stock after selling 218 shares during the period. Atomi Financial Group Inc.’s holdings in Boeing were worth $3,157,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. American Century Companies Inc. boosted its position in Boeing by 20.8% during the 2nd quarter. American Century Companies Inc. now owns 44,992 shares of the aircraft producer’s stock worth $8,189,000 after acquiring an additional 7,739 shares during the period. AE Wealth Management LLC boosted its holdings in shares of Boeing by 19.5% during the second quarter. AE Wealth Management LLC now owns 16,402 shares of the aircraft producer’s stock worth $2,985,000 after purchasing an additional 2,678 shares during the period. Pacer Advisors Inc. grew its position in Boeing by 5.3% during the second quarter. Pacer Advisors Inc. now owns 41,287 shares of the aircraft producer’s stock valued at $7,515,000 after purchasing an additional 2,066 shares in the last quarter. Sei Investments Co. grew its position in Boeing by 4.7% during the second quarter. Sei Investments Co. now owns 245,647 shares of the aircraft producer’s stock valued at $44,710,000 after purchasing an additional 11,092 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in Boeing by 28.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 32,646 shares of the aircraft producer’s stock valued at $5,942,000 after buying an additional 7,182 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on BA shares. Morgan Stanley lowered their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday, October 30th. Citigroup cut their price target on Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. TD Cowen lowered their price target on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Finally, UBS Group cut their price objective on shares of Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.21.

Boeing Trading Up 1.3 %

BA opened at $171.14 on Tuesday. The business has a 50 day moving average of $163.59 and a 200-day moving average of $164.52. The stock has a market capitalization of $105.80 billion, a price-to-earnings ratio of -13.27 and a beta of 1.52. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $217.59.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same period in the previous year, the business posted ($3.26) earnings per share. Boeing’s revenue for the quarter was down 1.5% on a year-over-year basis. Equities analysts predict that The Boeing Company will post -16.43 EPS 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.