Wealth Dimensions Group Ltd. Cuts Stock Holdings in The Boeing Company (NYSE:BA)

Wealth Dimensions Group Ltd. reduced its position in The Boeing Company (NYSE:BA) by 19.1% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,507 shares of the aircraft producer’s stock after selling 830 shares during the quarter. Wealth Dimensions Group Ltd.’s holdings in Boeing were worth $638,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BA. Keene & Associates Inc. increased its holdings in shares of Boeing by 12.4% in the second quarter. Keene & Associates Inc. now owns 2,313 shares of the aircraft producer’s stock valued at $421,000 after purchasing an additional 255 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in Boeing by 435.8% during the second quarter. Brown Brothers Harriman & Co. now owns 27,295 shares of the aircraft producer’s stock worth $4,968,000 after purchasing an additional 22,201 shares during the last quarter. Retirement Planning Co of New England Inc. boosted its holdings in Boeing by 1.3% in the 2nd quarter. Retirement Planning Co of New England Inc. now owns 11,030 shares of the aircraft producer’s stock valued at $2,008,000 after purchasing an additional 139 shares during the last quarter. Williams Financial LLC purchased a new stake in shares of Boeing during the 2nd quarter valued at approximately $1,637,000. Finally, Inspire Advisors LLC lifted its stake in shares of Boeing by 3.4% in the 2nd quarter. Inspire Advisors LLC now owns 2,630 shares of the aircraft producer’s stock valued at $479,000 after purchasing an additional 87 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Susquehanna reaffirmed a “positive” rating and issued a $230.00 price objective on shares of Boeing in a research note on Wednesday, August 14th. Baird R W raised shares of Boeing to a “strong-buy” rating in a research note on Monday, June 3rd. 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 report on Friday, June 7th. Bank of America upped their price target on Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, June 13th. Finally, Sanford C. Bernstein cut their price target on Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a research note on Monday, August 5th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $211.29.

Boeing Stock Down 3.7 %

Shares of Boeing stock opened at $156.77 on Monday. The firm has a market cap of $96.60 billion, a price-to-earnings ratio of -44.16 and a beta of 1.57. The Boeing Company has a 52-week low of $155.60 and a 52-week high of $267.54. The company’s 50-day simple moving average is $174.10 and its 200-day simple moving average is $179.04.

Boeing (NYSE:BA) last released its earnings results 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 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 last year, the firm earned ($0.82) EPS. Equities research analysts anticipate that The Boeing Company will post -4.26 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.