SYSTM Wealth Solutions LLC Has $134,000 Stake in The Boeing Company (NYSE:BA)

SYSTM Wealth Solutions LLC reduced its holdings in The Boeing Company (NYSE:BA) by 87.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 736 shares of the aircraft producer’s stock after selling 5,033 shares during the period. SYSTM Wealth Solutions LLC’s holdings in Boeing were worth $134,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Vermillion & White Wealth Management Group LLC acquired a new position in Boeing in the fourth quarter valued at approximately $26,000. Vima LLC acquired a new stake in Boeing in the fourth quarter worth $34,000. Hobbs Group Advisors LLC acquired a new stake in Boeing in the second quarter worth $34,000. McClarren Financial Advisors Inc. raised its holdings in Boeing by 451.4% in the first quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after purchasing an additional 158 shares during the period. Finally, Accent Capital Management LLC acquired a new stake in Boeing in the fourth quarter worth $39,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Down 0.8 %

NYSE:BA opened at $155.17 on Thursday. The stock’s 50 day moving average price is $172.38 and its two-hundred day moving average price is $178.23. The firm has a market capitalization of $95.26 billion, a price-to-earnings ratio of -43.71 and a beta of 1.57. The Boeing Company has a 12-month low of $154.02 and a 12-month high of $267.54.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The business had revenue of $16.87 billion during the quarter, compared to analysts’ expectations of $17.35 billion. The firm’s revenue for the quarter was down 14.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.82) EPS. Equities research analysts expect that The Boeing Company will post -4.26 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have weighed in on BA. Robert W. Baird cut their target price on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. Baird R W upgraded shares of Boeing to a “strong-buy” rating in a report on Monday, June 3rd. UBS Group lowered their price objective on shares of Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Bank of America increased their price objective on shares of Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, June 13th. Finally, Sanford C. Bernstein lowered their price objective on shares of Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a research report on Monday, August 5th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and a consensus price target of $211.29.

Boeing Company 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.