Transform Wealth LLC Has $224,000 Holdings in The Boeing Company (NYSE:BA)

Transform Wealth LLC decreased its position in shares of The Boeing Company (NYSE:BA) by 15.7% in the second quarter, Holdings Channel reports. The fund owned 1,233 shares of the aircraft producer’s stock after selling 230 shares during the period. Transform Wealth LLC’s holdings in Boeing were worth $224,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of BA. Capital Research Global Investors grew its holdings in Boeing by 35.5% in the 4th quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock valued at $4,400,109,000 after buying an additional 4,425,964 shares during the last quarter. Jennison Associates LLC acquired a new stake in shares of Boeing in the fourth quarter worth $960,397,000. Wellington Management Group LLP grew its stake in shares of Boeing by 563.9% in the fourth quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock worth $896,434,000 after acquiring an additional 2,921,043 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Boeing by 23.7% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock worth $2,560,466,000 after acquiring an additional 1,884,850 shares during the period. Finally, Boston Partners raised its stake in Boeing by 861.6% during the 4th quarter. Boston Partners now owns 1,804,853 shares of the aircraft producer’s stock valued at $467,338,000 after purchasing an additional 1,617,151 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BA. Citigroup dropped their price objective on shares of Boeing from $252.00 to $224.00 and set a “buy” rating on the stock in a report on Thursday, April 25th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $225.00 price objective on shares of Boeing in a research report on Tuesday, June 25th. Royal Bank of Canada cut their target price on Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a research note on Tuesday, April 16th. Susquehanna boosted their price target on shares of Boeing from $220.00 to $230.00 and gave the company a “positive” rating in a report on Thursday, August 1st. Finally, Argus downgraded shares of Boeing from a “buy” rating to a “hold” rating in a report on Tuesday, April 30th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $215.18.

Boeing Stock Down 2.3 %

Shares of BA opened at $164.13 on Tuesday. The stock’s fifty day simple moving average is $180.67 and its 200-day simple moving average is $185.24. The firm has a market capitalization of $100.76 billion, a PE ratio of -46.25 and a beta of 1.56. The Boeing Company has a 12-month low of $159.70 and a 12-month high of $267.54.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The company had revenue of $16.87 billion for the quarter, compared to analyst estimates of $17.35 billion. During the same quarter in the prior year, the company earned ($0.82) EPS. Boeing’s revenue for the quarter was down 14.6% compared to the same quarter last year. Analysts anticipate that The Boeing Company will post -2.38 EPS for the current year.

Boeing Profile

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.