The Boeing Company (NYSE:BA) Shares Sold by Presidio Capital Management LLC

Presidio Capital Management LLC lowered its position in shares of The Boeing Company (NYSE:BA) by 5.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,507 shares of the aircraft producer’s stock after selling 82 shares during the quarter. Presidio Capital Management LLC’s holdings in Boeing were worth $229,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. Hobbs Group Advisors LLC bought a new stake in shares of Boeing during the 2nd quarter valued at about $34,000. Kiely Wealth Advisory Group Inc. bought a new position in shares of Boeing during the second quarter valued at approximately $33,000. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Boeing by 351.1% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after purchasing an additional 165 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new position in shares of Boeing during the second quarter valued at $39,000. Finally, Pathway Financial Advisers LLC bought a new position in shares of Boeing during the first quarter worth about $53,000. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of BA stock opened at $150.98 on Friday. The company has a market capitalization of $93.34 billion, a price-to-earnings ratio of -11.70 and a beta of 1.57. The stock’s 50 day simple moving average is $156.17 and its 200 day simple moving average is $170.60. The Boeing Company has a twelve month low of $144.13 and a twelve month high of $267.54.

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BA. UBS Group cut their price objective on shares of Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. The Goldman Sachs Group cut their price target on Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Citigroup decreased their price target on Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. Finally, Benchmark reiterated a “buy” rating and issued a $250.00 target price on shares of Boeing in a research report on Thursday, October 24th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Boeing has an average rating of “Hold” and an average target price of $190.37.

About Boeing

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.