Everett Harris & Co. CA Lowers Stake in The Boeing Company (NYSE:BA)

Everett Harris & Co. CA trimmed its stake in The Boeing Company (NYSE:BA) by 2.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,089 shares of the aircraft producer’s stock after selling 152 shares during the quarter. Everett Harris & Co. CA’s holdings in Boeing were worth $774,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Kiely Wealth Advisory Group Inc. bought a new stake in Boeing in the 2nd quarter worth about $33,000. Hobbs Group Advisors LLC purchased a new position in shares of Boeing during the second 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 buying an additional 158 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Boeing by 351.1% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock valued at $39,000 after buying an additional 165 shares during the period. Finally, 1620 Investment Advisors Inc. purchased a new position in shares of Boeing in the 2nd quarter worth $39,000. Institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on BA. Wells Fargo & Company reduced their price objective on Boeing from $110.00 to $109.00 and set an “underweight” rating for the company in a research report on Monday, October 14th. DZ Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target for the company. in a research report on Tuesday, October 15th. Morgan Stanley dropped their price objective on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Friday. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Finally, Sanford C. Bernstein lowered their target price on Boeing from $207.00 to $195.00 and set an “outperform” rating on the stock in a research report on Thursday. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $198.79.

Boeing Trading Down 0.2 %

Shares of BA stock opened at $155.00 on Friday. The company has a market cap of $95.15 billion, a PE ratio of -43.66 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 business’s fifty day simple moving average is $161.10 and its 200-day simple moving average is $172.53.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The firm had revenue of $16.87 billion for the quarter, compared to analysts’ expectations of $17.35 billion. The firm’s quarterly revenue was down 14.6% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.82) EPS. On average, equities analysts forecast 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.