Total Investment Management Inc. Sells 111 Shares of The Boeing Company (NYSE:BA)

Total Investment Management Inc. trimmed its holdings in shares of The Boeing Company (NYSE:BA) by 6.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,658 shares of the aircraft producer’s stock after selling 111 shares during the period. Total Investment Management Inc.’s holdings in Boeing were worth $252,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Lazari Capital Management Inc. raised its stake in Boeing by 55.7% during the second quarter. Lazari Capital Management Inc. now owns 23,216 shares of the aircraft producer’s stock worth $4,226,000 after acquiring an additional 8,309 shares in the last quarter. Patten & Patten Inc. TN lifted its stake in shares of Boeing by 19.8% during the third quarter. Patten & Patten Inc. TN now owns 24,603 shares of the aircraft producer’s stock valued at $3,741,000 after acquiring an additional 4,065 shares during the period. Czech National Bank boosted its holdings in 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 acquiring an additional 9,281 shares during the last quarter. BSN CAPITAL PARTNERS Ltd acquired a new stake in Boeing in the third quarter worth about $11,237,000. Finally, Sanctuary Advisors LLC bought a new stake in Boeing during the 2nd quarter worth about $21,405,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Down 1.3 %

BA stock opened at $147.06 on Tuesday. The company has a market cap of $90.91 billion, a PE ratio of -11.55 and a beta of 1.57. The Boeing Company has a 52 week low of $144.13 and a 52 week high of $267.54. The business has a 50-day simple moving average of $154.81 and a 200 day simple moving average of $170.26.

Boeing (NYSE:BA) last issued its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share 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 company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($3.26) earnings per share. On average, analysts anticipate that The Boeing Company will post -16.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on BA. Susquehanna lowered their price target on shares of Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research report on Thursday, October 24th. Stifel Nicolaus upped their target price on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Wells Fargo & Company decreased their price objective on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a report on Monday, November 4th. DZ Bank lowered Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a report on Tuesday, October 15th. Finally, TD Cowen lowered their price target on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $190.37.

Boeing 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.