Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $747,000 Stake in The Boeing Company (NYSE:BA)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA trimmed its holdings in shares of The Boeing Company (NYSE:BA) by 6.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,813 shares of the aircraft producer’s stock after selling 340 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Boeing were worth $747,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Lazari Capital Management Inc. grew its position in shares of Boeing by 55.7% in the second quarter. Lazari Capital Management Inc. now owns 23,216 shares of the aircraft producer’s stock valued at $4,226,000 after purchasing an additional 8,309 shares during the last quarter. Czech National Bank grew its position 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 purchasing an additional 9,281 shares during the last quarter. BSN CAPITAL PARTNERS Ltd acquired a new stake in shares of Boeing in the third quarter valued at about $11,237,000. Sanctuary Advisors LLC acquired a new stake in shares of Boeing in the second quarter valued at about $21,405,000. Finally, Williams Financial LLC acquired a new stake in shares of Boeing in the second quarter valued at about $1,637,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Trading Up 0.8 %

NYSE:BA opened at $154.24 on Thursday. The Boeing Company has a 1 year low of $146.02 and a 1 year high of $267.54. The firm has a 50 day moving average of $158.34 and a 200-day moving average of $171.24. The stock has a market capitalization of $94.69 billion, a P/E ratio of -43.45 and a beta of 1.57.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) 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 the consensus estimate of $17.81 billion. During the same period in the prior year, the business earned ($3.26) EPS. The company’s revenue was down 1.5% compared to the same quarter last year. As a group, analysts forecast that The Boeing Company will post -5.35 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BA has been the subject of several research reports. TD Cowen reduced their target price on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday. UBS Group reduced their target price on shares of Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Benchmark reiterated a “buy” rating and issued a $250.00 target price on shares of Boeing in a research note on Thursday, October 24th. Finally, Morgan Stanley reduced their target price on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Boeing presently has an average rating of “Hold” and a consensus target price of $190.42.

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.