The Boeing Company (NYSE:BA) Shares Sold by GM Advisory Group LLC

GM Advisory Group LLC lessened its holdings in The Boeing Company (NYSE:BA) by 18.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,441 shares of the aircraft producer’s stock after selling 767 shares during the quarter. GM Advisory Group LLC’s holdings in Boeing were worth $523,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Hobbs Group Advisors LLC acquired a new position in shares of Boeing during the second quarter valued at $34,000. Kiely Wealth Advisory Group Inc. acquired a new position in shares of Boeing during the second quarter valued at $33,000. Cedar Wealth Management LLC acquired a new position in shares of Boeing during the third quarter valued at $30,000. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Boeing by 351.1% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock valued at $39,000 after acquiring an additional 165 shares during the period. Finally, 1620 Investment Advisors Inc. acquired a new position in shares of Boeing during the second quarter valued at $39,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Up 4.1 %

NYSE BA opened at $149.27 on Friday. The stock’s 50-day moving average price is $151.70 and its two-hundred day moving average price is $168.42. The company has a market cap of $92.28 billion, a PE ratio of -11.57 and a beta of 1.57. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $267.54.

Boeing (NYSE:BA) last posted its quarterly earnings data 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 business had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($3.26) EPS. Research analysts forecast that The Boeing Company will post -16.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BA has been the topic of a number of recent analyst reports. Stifel Nicolaus lifted their price objective on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. UBS Group cut their price objective 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. DZ Bank cut shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research note on Tuesday, October 15th. Finally, Wells Fargo & Company cut their price objective on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a research note on Monday, November 4th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target 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.