MONECO Advisors LLC decreased its stake in The Boeing Company (NYSE:BA – Free Report) by 2.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 4,314 shares of the aircraft producer’s stock after selling 89 shares during the period. MONECO Advisors LLC’s holdings in Boeing were worth $656,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Lazari Capital Management Inc. lifted its stake in Boeing by 55.7% in the second quarter. Lazari Capital Management Inc. now owns 23,216 shares of the aircraft producer’s stock valued at $4,226,000 after buying an additional 8,309 shares during the last quarter. Czech National Bank increased its holdings in shares of Boeing by 8.4% in the 3rd quarter. Czech National Bank now owns 119,243 shares of the aircraft producer’s stock worth $18,130,000 after acquiring an additional 9,281 shares during the period. BSN CAPITAL PARTNERS Ltd bought a new stake in Boeing in the 3rd quarter valued at about $11,237,000. Sanctuary Advisors LLC acquired a new position in Boeing during the 2nd quarter valued at about $21,405,000. Finally, Williams Financial LLC bought a new position in Boeing in the 2nd quarter worth about $1,637,000. Institutional investors and hedge funds own 64.82% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on BA shares. Morgan Stanley cut their price target on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Susquehanna lowered their target price on Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research report on Thursday, October 24th. Jefferies Financial Group reduced their price target on Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. Benchmark reissued a “buy” rating and issued a $250.00 price target on shares of Boeing in a research note on Thursday, October 24th. Finally, Robert W. Baird cut their price objective on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and a consensus price target of $191.79.
Boeing Price Performance
BA stock opened at $152.97 on Wednesday. The firm has a market cap of $93.91 billion, a PE ratio of -43.09 and a beta of 1.57. The Boeing Company has a 12 month low of $146.02 and a 12 month high of $267.54. The firm has a 50 day simple moving average of $158.72 and a 200 day simple moving average of $171.36.
Boeing (NYSE:BA – Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. The business’s revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business earned ($3.26) EPS. As a group, sell-side analysts expect that The Boeing Company will post -5.35 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.
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