The Boeing Company (NYSE:BA) Shares Sold by Mason & Associates Inc

Mason & Associates Inc lowered its position in The Boeing Company (NYSE:BA) by 38.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,486 shares of the aircraft producer’s stock after selling 933 shares during the period. Mason & Associates Inc’s holdings in Boeing were worth $226,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. International Assets Investment Management LLC lifted its holdings in Boeing by 289.8% in the 3rd quarter. International Assets Investment Management LLC now owns 1,682,970 shares of the aircraft producer’s stock valued at $2,558,790,000 after purchasing an additional 1,251,165 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Boeing by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock worth $9,596,383,000 after buying an additional 1,222,816 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of Boeing by 9,626.0% in the 2nd quarter. Van ECK Associates Corp now owns 1,026,092 shares of the aircraft producer’s stock valued at $186,759,000 after purchasing an additional 1,015,542 shares during the last quarter. Wulff Hansen & CO. raised its holdings in Boeing by 15,039.0% in the 2nd quarter. Wulff Hansen & CO. now owns 967,383 shares of the aircraft producer’s stock valued at $176,073,000 after buying an additional 960,993 shares during the period. Finally, Jennison Associates LLC lifted its holdings in shares of Boeing by 14.1% in the 1st quarter. Jennison Associates LLC now owns 4,203,435 shares of the aircraft producer’s stock worth $811,221,000 after acquiring an additional 518,952 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on BA shares. Sanford C. Bernstein dropped their target price on Boeing from $207.00 to $195.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. Morgan Stanley cut their target price on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Friday, October 18th. The Goldman Sachs Group decreased their price objective on shares of Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. Jefferies Financial Group dropped their price objective on shares of Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Finally, Benchmark reissued a “buy” rating and issued a $250.00 price objective on shares of Boeing in a research note on Thursday. Three investment 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 stock presently has an average rating of “Moderate Buy” and a consensus price target of $194.95.

Boeing Price Performance

NYSE BA traded down $1.56 on Thursday, hitting $155.50. 4,666,867 shares of the stock were exchanged, compared to its average volume of 8,103,865. The Boeing Company has a 52 week low of $146.02 and a 52 week high of $267.54. The company has a market capitalization of $95.46 billion, a PE ratio of -43.89 and a beta of 1.57. The business’s fifty day moving average is $160.61 and its 200 day moving average is $172.01.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($4.85) by ($5.59). The firm had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter last year, the firm earned ($3.26) earnings per share. The company’s revenue was down 1.5% compared to the same quarter last year. 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.