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

Inscription Capital LLC decreased its holdings in shares of The Boeing Company (NYSE:BA) by 1.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,619 shares of the aircraft producer’s stock after selling 181 shares during the period. Inscription Capital LLC’s holdings in Boeing were worth $1,767,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BA. Kiely Wealth Advisory Group Inc. acquired a new position in Boeing during the 2nd quarter worth approximately $33,000. Hobbs Group Advisors LLC acquired a new position in Boeing during the 2nd quarter worth approximately $34,000. McClarren Financial Advisors Inc. increased its position in Boeing by 451.4% during the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after purchasing an additional 158 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its position in Boeing by 351.1% during 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 period. Finally, 1620 Investment Advisors Inc. acquired a new position in Boeing during the 2nd quarter worth approximately $39,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on BA. Citigroup decreased their price target on Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. Morgan Stanley decreased their price target on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday. DZ Bank lowered Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a research note on Tuesday, October 15th. Jefferies Financial Group decreased their price target on Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $191.79.

Boeing Price Performance

BA traded down $3.11 during trading on Monday, hitting $151.90. The company’s stock had a trading volume of 3,569,796 shares, compared to its average volume of 8,106,857. The firm’s 50 day moving average price is $159.68 and its 200-day moving average price is $171.64. The stock has a market cap of $93.25 billion, a PE ratio of -43.66 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.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. The business’s revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($3.26) EPS. Equities analysts anticipate that The Boeing Company will post -5.35 earnings per share for the current year.

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.