Parcion Private Wealth LLC Acquires 183 Shares of The Boeing Company (NYSE:BA)

Parcion Private Wealth LLC grew its position in shares of The Boeing Company (NYSE:BA) by 1.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,748 shares of the aircraft producer’s stock after buying an additional 183 shares during the quarter. Parcion Private Wealth LLC’s holdings in Boeing were worth $1,956,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Sanders Morris Harris LLC lifted its position in shares of Boeing by 869.1% during the 1st quarter. Sanders Morris Harris LLC now owns 22,775 shares of the aircraft producer’s stock worth $4,395,000 after buying an additional 20,425 shares in the last quarter. Park Avenue Securities LLC lifted its position in shares of Boeing by 20.7% during the 1st quarter. Park Avenue Securities LLC now owns 10,543 shares of the aircraft producer’s stock worth $2,035,000 after buying an additional 1,805 shares in the last quarter. Williams Financial LLC bought a new position in shares of Boeing during the 2nd quarter worth approximately $1,637,000. Dakota Wealth Management lifted its position in shares of Boeing by 47.1% during the 1st quarter. Dakota Wealth Management now owns 12,730 shares of the aircraft producer’s stock worth $2,457,000 after buying an additional 4,078 shares in the last quarter. Finally, Granite Bay Wealth Management LLC bought a new position in shares of Boeing during the 2nd quarter worth approximately $561,000. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 2.8 %

Shares of NYSE BA traded down $4.53 during mid-day trading on Friday, reaching $157.62. 7,328,641 shares of the company were exchanged, compared to its average volume of 7,886,446. The Boeing Company has a 52 week low of $156.70 and a 52 week high of $267.54. The stock has a market capitalization of $96.76 billion, a PE ratio of -44.40 and a beta of 1.56. The company’s 50 day moving average price is $176.53 and its 200 day moving average price is $180.81.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The firm had revenue of $16.87 billion for the quarter, compared to the consensus estimate of $17.35 billion. The business’s revenue was down 14.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.82) earnings per share. On average, sell-side analysts predict that The Boeing Company will post -4.26 earnings per share for the current year.

Wall Street Analyst Weigh In

BA has been the subject of several research analyst reports. Stifel Nicolaus raised their price target on shares of Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Baird R W upgraded shares of Boeing to a “strong-buy” rating in a research note on Monday, June 3rd. Bank of America raised their price target on shares of Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, June 13th. Robert W. Baird decreased their price target on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. Finally, UBS Group decreased their price target on shares of Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $211.29.

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.