The Boeing Company (NYSE:BA) Stock Holdings Decreased by Crumly & Associates Inc.

Crumly & Associates Inc. lowered its stake in The Boeing Company (NYSE:BA) by 1.0% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 7,554 shares of the aircraft producer’s stock after selling 76 shares during the period. Crumly & Associates Inc.’s holdings in Boeing were worth $1,149,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Kiely Wealth Advisory Group Inc. acquired a new position in shares of Boeing in the 2nd quarter valued at about $33,000. Hobbs Group Advisors LLC acquired a new position in shares of Boeing in the 2nd quarter valued at about $34,000. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Boeing by 351.1% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock valued at $39,000 after buying an additional 165 shares during the period. 1620 Investment Advisors Inc. acquired a new position in shares of Boeing in the 2nd quarter valued at about $39,000. Finally, Strategic Financial Concepts LLC acquired a new position in shares of Boeing in the 2nd quarter valued at about $41,000. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of BA opened at $151.77 on Friday. The company’s 50 day moving average price is $155.31 and its 200 day moving average price is $170.34. The Boeing Company has a 52 week low of $144.13 and a 52 week high of $267.54. The company has a market capitalization of $93.82 billion, a PE ratio of -11.77 and a beta of 1.57.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter in the previous year, the firm earned ($3.26) earnings per share. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, equities analysts forecast that The Boeing Company will post -16.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on BA. Robert W. Baird reduced their target price on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 target price on shares of Boeing in a research note on Wednesday, October 30th. 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. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Finally, Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. Three equities 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 stock. According to MarketBeat.com, Boeing has an average rating of “Hold” and a consensus 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.