OneDigital Investment Advisors LLC Has $10.93 Million Stock Position in The Boeing Company (NYSE:BA)

OneDigital Investment Advisors LLC lessened its holdings in shares of The Boeing Company (NYSE:BA) by 3.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 71,869 shares of the aircraft producer’s stock after selling 2,222 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Boeing were worth $10,927,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Kiely Wealth Advisory Group Inc. acquired a new position in Boeing in the 2nd quarter worth $33,000. Hobbs Group Advisors LLC bought a new stake in shares of Boeing in the second quarter valued at about $34,000. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Boeing by 351.1% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after buying an additional 165 shares during the period. 1620 Investment Advisors Inc. bought a new position in shares of Boeing during the second quarter worth about $39,000. Finally, Strategic Financial Concepts LLC bought a new position in shares of Boeing during the second quarter worth about $41,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Performance

BA opened at $138.13 on Friday. The Boeing Company has a 52-week low of $137.22 and a 52-week high of $267.54. The firm has a market cap of $85.39 billion, a P/E ratio of -10.71 and a beta of 1.57. The business’s fifty day moving average is $154.03 and its 200-day moving average is $169.89.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter last year, the company earned ($3.26) EPS. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, research analysts predict that The Boeing Company will post -16.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on BA. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Citigroup lowered their price target on shares of Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. The Goldman Sachs Group reduced their price objective on shares of Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. dropped their price objective on Boeing from $235.00 to $195.00 and set an “overweight” rating on the stock in a research note on Monday, October 14th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $190.37.

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.