WealthPLAN Partners LLC Has $369,000 Stock Holdings in The Boeing Company (NYSE:BA)

WealthPLAN Partners LLC cut its holdings in shares of The Boeing Company (NYSE:BA) by 17.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,426 shares of the aircraft producer’s stock after selling 504 shares during the period. WealthPLAN Partners LLC’s holdings in Boeing were worth $369,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in BA. First National Trust Co boosted its position in shares of Boeing by 5.5% during the third quarter. First National Trust Co now owns 3,316 shares of the aircraft producer’s stock valued at $504,000 after buying an additional 172 shares during the last quarter. Peregrine Asset Advisers Inc. boosted its holdings in Boeing by 26.4% during the 3rd quarter. Peregrine Asset Advisers Inc. now owns 1,435 shares of the aircraft producer’s stock worth $218,000 after acquiring an additional 300 shares during the last quarter. Patten & Patten Inc. TN raised its holdings in shares of Boeing by 19.8% in the third quarter. Patten & Patten Inc. TN now owns 24,603 shares of the aircraft producer’s stock valued at $3,741,000 after purchasing an additional 4,065 shares during the last quarter. Kennebec Savings Bank bought a new position in shares of Boeing during the third quarter valued at about $379,000. Finally, Ashton Thomas Securities LLC boosted its holdings in Boeing by 11.2% during the third quarter. Ashton Thomas Securities LLC now owns 8,851 shares of the aircraft producer’s stock worth $1,346,000 after purchasing an additional 889 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. TD Cowen dropped their target price on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a research note on Wednesday, October 30th. UBS Group decreased their target price on Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Robert W. Baird decreased their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Three research analysts have rated the stock with a sell rating, nine 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, the company presently has a consensus rating of “Hold” and an average price target of $190.37.

Boeing Trading Down 2.5 %

NYSE BA opened at $145.17 on Wednesday. The stock has a 50-day moving average of $154.81 and a 200-day moving average of $170.26. The Boeing Company has a 1-year low of $143.85 and a 1-year high of $267.54. The firm has a market cap of $89.74 billion, a PE ratio of -11.25 and a beta of 1.57.

Boeing (NYSE:BA) last issued its earnings results 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 firm had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter last year, the company earned ($3.26) EPS. The business’s revenue was down 1.5% on a year-over-year basis. As a group, equities research analysts forecast that The Boeing Company will post -16.09 earnings per share for the current fiscal 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.