Daymark Wealth Partners LLC Has $17.09 Million Stake in The Boeing Company (NYSE:BA)

Daymark Wealth Partners LLC trimmed its holdings in shares of The Boeing Company (NYSE:BA) by 1.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 112,424 shares of the aircraft producer’s stock after selling 2,101 shares during the period. Daymark Wealth Partners LLC’s holdings in Boeing were worth $17,093,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in BA. MGO One Seven LLC grew its holdings in Boeing by 7.0% in the 4th quarter. MGO One Seven LLC now owns 11,329 shares of the aircraft producer’s stock valued at $2,953,000 after buying an additional 740 shares in the last quarter. Greystone Financial Group LLC acquired a new position in shares of Boeing in the fourth quarter valued at about $271,000. Icon Wealth Advisors LLC bought a new position in Boeing during the fourth quarter worth about $813,000. Northwest Wealth Management LLC acquired a new stake in Boeing in the 4th quarter worth about $230,000. Finally, Rench Wealth Management Inc. grew its position in shares of Boeing by 0.3% during the 4th quarter. Rench Wealth Management Inc. now owns 20,608 shares of the aircraft producer’s stock worth $5,372,000 after purchasing an additional 70 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analysts Set New Price Targets

BA has been the subject of several analyst reports. Wells Fargo & Company dropped their target price on shares of Boeing from $119.00 to $110.00 and set an “underweight” rating for the company in a research report on Tuesday, October 1st. Susquehanna restated a “positive” rating and issued a $230.00 price target on shares of Boeing in a research note on Wednesday, August 14th. Jefferies Financial Group reduced their price objective on Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Deutsche Bank Aktiengesellschaft cut their target price on Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Finally, TD Cowen reduced their target price on Boeing from $230.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, October 1st. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $206.00.

Boeing Trading Down 3.0 %

Shares of BA traded down $4.58 during trading hours on Wednesday, reaching $150.07. 5,703,394 shares of the company’s stock traded hands, compared to its average volume of 7,988,399. The firm’s 50 day simple moving average is $164.24 and its 200-day simple moving average is $174.59. The stock has a market cap of $92.13 billion, a PE ratio of -42.35 and a beta of 1.57. The Boeing Company has a 12 month low of $148.80 and a 12 month high of $267.54.

Boeing (NYSE:BA) last announced 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 for the quarter, compared to analyst estimates of $17.35 billion. Boeing’s revenue was down 14.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.82) EPS. As a group, analysts expect that The Boeing Company will post -4.27 earnings per share for the current fiscal 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.