Bill Few Associates Inc. Sells 240 Shares of The Boeing Company (NYSE:BA)

Bill Few Associates Inc. lessened its holdings in shares of The Boeing Company (NYSE:BA) by 11.3% during the 3rd quarter, Holdings Channel reports. The firm owned 1,888 shares of the aircraft producer’s stock after selling 240 shares during the period. Bill Few Associates Inc.’s holdings in Boeing were worth $287,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hobbs Group Advisors LLC bought a new stake in Boeing during the 2nd quarter valued at approximately $34,000. McClarren Financial Advisors Inc. raised its stake in Boeing by 451.4% during the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock valued at $37,000 after purchasing an additional 158 shares during the period. Kiely Wealth Advisory Group Inc. bought a new stake in Boeing during the 2nd quarter valued at approximately $33,000. Harel Insurance Investments & Financial Services Ltd. increased its stake in 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 acquiring an additional 165 shares during the last quarter. Finally, 1620 Investment Advisors Inc. bought a new stake in Boeing in the 2nd quarter worth approximately $39,000. Institutional investors own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on BA. DZ Bank downgraded Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research note on Tuesday. TD Cowen reduced their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday. The Goldman Sachs Group reduced their price objective on Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Citigroup reduced their price objective on Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research note on Tuesday. Finally, Jefferies Financial Group reduced their price objective on Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $201.00.

Boeing Trading Up 2.3 %

Shares of BA stock opened at $152.45 on Wednesday. The Boeing Company has a twelve month low of $146.02 and a twelve month high of $267.54. The stock has a market capitalization of $93.59 billion, a price-to-earnings ratio of -42.94 and a beta of 1.57. The stock has a fifty day simple moving average of $161.80 and a two-hundred day simple moving average of $173.13.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The business had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. During the same period last year, the company earned ($0.82) EPS. The company’s revenue for the quarter was down 14.6% on a year-over-year basis. Research analysts predict that The Boeing Company will post -5.35 EPS for the current fiscal 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.