Lakeside Advisors INC. Cuts Stock Holdings in The Boeing Company (NYSE:BA)

Lakeside Advisors INC. lowered its stake in The Boeing Company (NYSE:BA) by 4.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,480 shares of the aircraft producer’s stock after selling 150 shares during the quarter. Lakeside Advisors INC.’s holdings in Boeing were worth $529,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Madison Park Capital Advisors LLC boosted its position in shares of Boeing by 4.9% during the 2nd quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock valued at $219,000 after acquiring an additional 56 shares during the last quarter. Wealth Alliance Advisory Group LLC grew its stake in shares of Boeing by 1.6% in the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer’s stock valued at $691,000 after buying an additional 60 shares during the period. Angeles Wealth Management LLC increased its holdings in shares of Boeing by 4.2% during the 1st quarter. Angeles Wealth Management LLC now owns 1,524 shares of the aircraft producer’s stock worth $294,000 after buying an additional 61 shares during the last quarter. IMS Capital Management raised its position in shares of Boeing by 0.4% during the 2nd quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer’s stock valued at $2,759,000 after buying an additional 62 shares during the period. Finally, Meeder Advisory Services Inc. lifted its holdings in Boeing by 0.9% in the first quarter. Meeder Advisory Services Inc. now owns 7,559 shares of the aircraft producer’s stock valued at $1,459,000 after acquiring an additional 65 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

BA stock opened at $154.59 on Friday. The company has a market cap of $95.57 billion, a price-to-earnings ratio of -11.98 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 company has a fifty day moving average price of $157.46 and a 200 day moving average price of $171.00.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter in the previous year, the business earned ($3.26) EPS. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, analysts anticipate that The Boeing Company will post -16.22 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on BA shares. Benchmark reissued a “buy” rating and set a $250.00 target price on shares of Boeing in a research note on Thursday, October 24th. Stifel Nicolaus boosted their price objective on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Citigroup lowered their target price on shares of Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. UBS Group reduced their price target on shares of Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, October 24th. Finally, DZ Bank downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price for the company. in a report on Tuesday, October 15th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target 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.