The Boeing Company (NYSE:BA) Shares Sold by Triton Wealth Management PLLC

Triton Wealth Management PLLC lessened its stake in The Boeing Company (NYSE:BA) by 5.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,683 shares of the aircraft producer’s stock after selling 158 shares during the quarter. Triton Wealth Management PLLC’s holdings in Boeing were worth $414,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Boeing during the fourth quarter valued at approximately $26,000. Kiely Wealth Advisory Group Inc. purchased a new stake in Boeing during the 2nd quarter worth $33,000. Vima LLC purchased a new stake in Boeing during the 4th quarter worth $34,000. Hobbs Group Advisors LLC acquired a new position in Boeing in the 2nd quarter worth $34,000. Finally, McClarren Financial Advisors Inc. boosted its position in Boeing by 451.4% in the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock valued at $37,000 after buying an additional 158 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

BA has been the topic of several recent analyst reports. Jefferies Financial Group cut their price target on Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. 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 report on Thursday, June 13th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday. Sanford C. Bernstein decreased their price objective on shares of Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a report on Monday, August 5th. Finally, Susquehanna restated a “positive” rating and issued a $230.00 target price on shares of Boeing in a research note on Wednesday, August 14th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and a consensus target price of $206.00.

Boeing Price Performance

Shares of BA stock traded up $4.48 during trading hours on Friday, reaching $155.00. The stock had a trading volume of 6,680,591 shares, compared to its average volume of 8,022,903. The firm has a market capitalization of $95.15 billion, a PE ratio of -43.63 and a beta of 1.57. The firm has a 50-day simple moving average of $165.48 and a 200-day simple moving average of $175.19. The Boeing Company has a twelve month low of $149.49 and a twelve month high of $267.54.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The business had revenue of $16.87 billion for the quarter, compared to the consensus estimate of $17.35 billion. The company’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.82) EPS. On average, equities analysts anticipate that The Boeing Company will post -4.27 earnings per share for the current year.

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.