The Boeing Company (NYSE:BA) Shares Sold by Daymark Wealth Partners LLC

Daymark Wealth Partners LLC reduced its stake in The Boeing Company (NYSE:BA) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,504 shares of the aircraft producer’s stock after selling 920 shares during the period. Daymark Wealth Partners LLC’s holdings in Boeing were worth $19,736,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. lifted its position in shares of 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 purchasing an additional 7,739 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in Boeing by 5.3% during the 2nd quarter. Pacer Advisors Inc. now owns 41,287 shares of the aircraft producer’s stock worth $7,515,000 after buying an additional 2,066 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in shares of Boeing by 28.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 32,646 shares of the aircraft producer’s stock worth $5,942,000 after acquiring an additional 7,182 shares in the last quarter. Frank Rimerman Advisors LLC increased its holdings in shares of Boeing by 1,401.6% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 2,778 shares of the aircraft producer’s stock valued at $506,000 after acquiring an additional 2,593 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its position in shares of Boeing by 72.7% during the 2nd quarter. Public Sector Pension Investment Board now owns 21,790 shares of the aircraft producer’s stock worth $3,966,000 after acquiring an additional 9,171 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Price Performance

Shares of BA stock opened at $175.63 on Wednesday. The stock has a 50 day simple moving average of $164.20 and a 200-day simple moving average of $164.46. The Boeing Company has a 12-month low of $137.03 and a 12-month high of $217.59.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (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 analysts’ expectations of $17.81 billion. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period last year, the firm earned ($3.26) EPS. Sell-side analysts expect that The Boeing Company will post -16.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

BA has been the topic of several recent analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday, October 30th. Morgan Stanley reduced their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. TD Cowen dropped their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Robert W. Baird reduced their target price on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Finally, Citigroup dropped their price target on Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $192.21.

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.