Octavia Wealth Advisors LLC Decreases Stock Holdings in The Boeing Company (NYSE:BA)

Octavia Wealth Advisors LLC lowered its stake in shares of The Boeing Company (NYSE:BA) by 3.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,589 shares of the aircraft producer’s stock after selling 219 shares during the quarter. Octavia Wealth Advisors LLC’s holdings in Boeing were worth $1,457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. CNB Bank lifted its stake in shares of Boeing by 106.5% in the third quarter. CNB Bank now owns 128 shares of the aircraft producer’s stock worth $25,000 after buying an additional 66 shares in the last quarter. True Wealth Design LLC bought a new position in Boeing during the fourth quarter valued at approximately $33,000. Park Place Capital Corp raised its position in Boeing by 185.1% in the third quarter. Park Place Capital Corp now owns 211 shares of the aircraft producer’s stock worth $40,000 after acquiring an additional 137 shares during the period. Industrial Alliance Investment Management Inc. bought a new position in Boeing in the fourth quarter worth approximately $41,000. Finally, Fortis Capital Advisors LLC raised its position in Boeing by 100.0% in the first quarter. Fortis Capital Advisors LLC now owns 200 shares of the aircraft producer’s stock worth $42,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

NYSE BA traded up $1.80 on Tuesday, reaching $169.62. The company had a trading volume of 4,505,114 shares, compared to its average volume of 9,803,183. The firm has a market capitalization of $103.49 billion, a PE ratio of -45.69, a P/E/G ratio of 115.71 and a beta of 1.52. The firm has a 50-day moving average of $193.45 and a 200-day moving average of $207.95. The Boeing Company has a 1 year low of $167.53 and a 1 year high of $267.54.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, January 31st. The aircraft producer reported ($0.47) earnings per share for the quarter, topping the consensus estimate of ($0.72) by $0.25. The company had revenue of $22.02 billion during the quarter, compared to analyst estimates of $21.14 billion. Boeing’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the prior year, the business earned ($1.75) earnings per share. As a group, sell-side analysts expect that The Boeing Company will post 0.37 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently weighed in on BA. Benchmark reaffirmed a “buy” rating and set a $250.00 target price on shares of Boeing in a research note on Tuesday, March 26th. Melius restated a “hold” rating on shares of Boeing in a report on Monday, April 1st. Northcoast Research lowered shares of Boeing from a “buy” rating to a “neutral” rating in a report on Friday, February 23rd. UBS Group decreased their price objective on shares of Boeing from $275.00 to $250.00 and set a “buy” rating for the company in a report on Thursday, March 21st. Finally, The Goldman Sachs Group cut their target price on shares of Boeing from $268.00 to $257.00 and set a “buy” rating on the stock in a research report on Monday, March 25th. Nine investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Boeing has an average rating of “Moderate Buy” and a consensus target price of $233.88.

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.