The Boeing Company (NYSE:BA) Shares Sold by Baxter Bros Inc.

Baxter Bros Inc. lowered its position in The Boeing Company (NYSE:BA) by 12.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,910 shares of the aircraft producer’s stock after selling 270 shares during the period. Baxter Bros Inc.’s holdings in Boeing were worth $290,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of BA. Pure Financial Advisors LLC raised its position in shares of Boeing by 14.5% during the 3rd quarter. Pure Financial Advisors LLC now owns 8,290 shares of the aircraft producer’s stock worth $1,260,000 after purchasing an additional 1,051 shares during the last quarter. Janney Capital Management LLC raised its position in shares of Boeing by 5.6% during the 3rd quarter. Janney Capital Management LLC now owns 2,809 shares of the aircraft producer’s stock worth $427,000 after purchasing an additional 150 shares during the last quarter. Clear Creek Financial Management LLC raised its position in shares of Boeing by 20.0% during the 3rd quarter. Clear Creek Financial Management LLC now owns 10,032 shares of the aircraft producer’s stock worth $1,525,000 after purchasing an additional 1,674 shares during the last quarter. Princeton Global Asset Management LLC raised its position in shares of Boeing by 44.8% during the 3rd quarter. Princeton Global Asset Management LLC now owns 643 shares of the aircraft producer’s stock worth $98,000 after purchasing an additional 199 shares during the last quarter. Finally, Key Financial Inc raised its position in shares of Boeing by 60.3% during the 3rd quarter. Key Financial Inc now owns 8,001 shares of the aircraft producer’s stock worth $1,216,000 after purchasing an additional 3,009 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on BA. Jefferies Financial Group reduced their price target on shares of Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $195.00 to $169.00 in a research report on Wednesday. Susquehanna decreased their target price on shares of Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research note on Thursday, October 24th. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday. Finally, Wells Fargo & Company decreased their target price on shares of Boeing from $109.00 to $86.00 and set an “underweight” rating on the stock in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Boeing has an average rating of “Hold” and a consensus target price of $190.42.

Boeing Stock Performance

Boeing stock opened at $154.59 on Friday. The Boeing Company has a fifty-two week low of $146.02 and a fifty-two week high of $267.54. The firm has a 50 day moving average price of $157.46 and a 200 day moving average price of $171.00. The company has a market capitalization of $95.57 billion, a PE ratio of -11.98 and a beta of 1.57.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share 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 analysts’ expectations of $17.81 billion. During the same period in the previous year, the business earned ($3.26) EPS. The business’s revenue was down 1.5% compared to the same quarter last year. As a group, equities research analysts forecast that The Boeing Company will post -16.22 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.