Jmac Enterprises LLC Sells 403 Shares of The Boeing Company (NYSE:BA)

Jmac Enterprises LLC lessened its stake in The Boeing Company (NYSE:BA) by 6.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,583 shares of the aircraft producer’s stock after selling 403 shares during the quarter. Jmac Enterprises LLC’s holdings in Boeing were worth $849,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BA. Van ECK Associates Corp raised its holdings in shares of Boeing by 122.0% during the third quarter. Van ECK Associates Corp now owns 2,277,548 shares of the aircraft producer’s stock worth $357,712,000 after acquiring an additional 1,251,456 shares during the period. International Assets Investment Management LLC grew its stake in shares of Boeing by 289.8% during the 3rd quarter. International Assets Investment Management LLC now owns 1,682,970 shares of the aircraft producer’s stock worth $2,558,790,000 after acquiring an additional 1,251,165 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Boeing by 2.5% during the first quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock worth $9,596,383,000 after purchasing an additional 1,222,816 shares during the last quarter. Wulff Hansen & CO. raised its holdings in Boeing by 15,039.0% during the second quarter. Wulff Hansen & CO. now owns 967,383 shares of the aircraft producer’s stock worth $176,073,000 after acquiring an additional 960,993 shares in the last quarter. Finally, Newport Trust Company LLC raised its position in Boeing by 1.2% during the second quarter. Newport Trust Company LLC now owns 31,640,184 shares of the aircraft producer’s stock worth $5,758,830,000 after acquiring an additional 388,633 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 1.2 %

BA stock opened at $148.95 on Thursday. The Boeing Company has a twelve month low of $144.13 and a twelve month high of $267.54. The firm has a market capitalization of $92.08 billion, a PE ratio of -11.41 and a beta of 1.57. The stock has a 50-day simple moving average of $156.17 and a two-hundred day simple moving average of $170.60.

Boeing (NYSE:BA) last announced its quarterly earnings data 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. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period last year, the business earned ($3.26) earnings per share. On average, equities research analysts anticipate that The Boeing Company will post -16.13 EPS for the current fiscal year.

Analyst Ratings Changes

BA has been the subject of several research analyst reports. TD Cowen reduced their target price on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Benchmark reissued a “buy” rating and issued a $250.00 price target on shares of Boeing in a report on Thursday, October 24th. Susquehanna decreased their target price on Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research report on Thursday, October 24th. Robert W. Baird decreased their price objective on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their price target on shares of Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Three research 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. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $190.37.

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.