Hudson Valley Investment Advisors Inc. ADV Has $519,000 Holdings in The Boeing Company (NYSE:BA)

Hudson Valley Investment Advisors Inc. ADV decreased its stake in shares of The Boeing Company (NYSE:BA) by 50.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,412 shares of the aircraft producer’s stock after selling 3,473 shares during the quarter. Hudson Valley Investment Advisors Inc. ADV’s holdings in Boeing were worth $519,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Kiely Wealth Advisory Group Inc. acquired a new stake in Boeing in the 2nd quarter valued at $33,000. Hobbs Group Advisors LLC acquired a new stake in shares of Boeing in the 2nd quarter worth about $34,000. McClarren Financial Advisors Inc. lifted its position in Boeing by 451.4% in the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock valued at $37,000 after acquiring an additional 158 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its stake 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 valued at $39,000 after purchasing an additional 165 shares during the last quarter. Finally, 1620 Investment Advisors Inc. bought a new stake in Boeing during the 2nd quarter worth approximately $39,000. 64.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on BA shares. Robert W. Baird cut their target price on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. DZ Bank downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a report on Tuesday, October 15th. JPMorgan Chase & Co. reduced their target price on shares of Boeing from $235.00 to $195.00 and set an “overweight” rating for the company in a research note on Monday, October 14th. 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. Finally, Benchmark reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Boeing in a research report on Thursday, October 24th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $190.42.

Boeing Stock Down 3.2 %

BA stock opened at $149.29 on Friday. The stock has a 50-day simple moving average of $157.86 and a two-hundred day simple moving average of $171.09. The firm has a market capitalization of $91.65 billion, a PE ratio of -42.05 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 announced its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. Boeing’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period last year, the firm posted ($3.26) earnings per share. On average, equities research analysts anticipate that The Boeing Company will post -5.35 EPS for the current fiscal 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.