The Boeing Company (NYSE:BA) Holdings Reduced by NorthRock Partners LLC

NorthRock Partners LLC lessened its holdings in shares of The Boeing Company (NYSE:BA) by 3.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,771 shares of the aircraft producer’s stock after selling 395 shares during the period. NorthRock Partners LLC’s holdings in Boeing were worth $1,790,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in BA. Lazari Capital Management Inc. grew its position in Boeing by 55.7% in the 2nd 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 in the last quarter. Czech National Bank boosted its holdings in shares of Boeing by 8.4% in the third quarter. Czech National Bank now owns 119,243 shares of the aircraft producer’s stock valued at $18,130,000 after acquiring an additional 9,281 shares in the last quarter. BSN CAPITAL PARTNERS Ltd acquired a new position in shares of Boeing during the third quarter valued at approximately $11,237,000. Sanctuary Advisors LLC bought a new stake in Boeing during the second quarter worth approximately $21,405,000. Finally, Van ECK Associates Corp lifted its position in Boeing by 122.0% in the third quarter. Van ECK Associates Corp now owns 2,277,548 shares of the aircraft producer’s stock worth $357,712,000 after purchasing an additional 1,251,456 shares during the period. 64.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on BA. UBS Group dropped their price target 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. Wells Fargo & Company cut their target price on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research note on Monday. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research report on Wednesday, October 30th. JPMorgan Chase & Co. cut their price objective on Boeing from $235.00 to $195.00 and set an “overweight” rating for the company in a research report on Monday, October 14th. Finally, Stifel Nicolaus lifted their target price on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Three equities research 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 company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $190.37.

Boeing Stock Performance

Shares of Boeing stock traded down $1.24 during trading on Tuesday, hitting $153.83. 6,928,619 shares of the stock traded hands, compared to its average volume of 8,800,158. The stock has a market cap of $95.10 billion, a P/E ratio of -12.00 and a beta of 1.57. The Boeing Company has a twelve month low of $146.02 and a twelve month high of $267.54. The company has a fifty day moving average price of $157.09 and a two-hundred day moving average price of $170.90.

Boeing (NYSE:BA) last released its quarterly earnings results 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. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($3.26) EPS. On average, equities research analysts expect that The Boeing Company will post -16.13 EPS for the current fiscal year.

Boeing 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.