Aureus Asset Management LLC Sells 110 Shares of The Boeing Company (NYSE:BA)

Aureus Asset Management LLC trimmed its stake in The Boeing Company (NYSE:BA) by 6.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,500 shares of the aircraft producer’s stock after selling 110 shares during the period. Aureus Asset Management LLC’s holdings in Boeing were worth $228,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of BA. Madison Park Capital Advisors LLC lifted its stake in Boeing by 4.9% in the second quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock worth $219,000 after acquiring an additional 56 shares during the period. Wealth Alliance Advisory Group LLC raised its holdings 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 purchasing an additional 60 shares in the last quarter. IMS Capital Management lifted its position in shares of Boeing by 0.4% in the 2nd quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer’s stock worth $2,759,000 after purchasing an additional 62 shares during the period. ADE LLC boosted its stake in shares of Boeing by 4.4% during the second quarter. ADE LLC now owns 1,539 shares of the aircraft producer’s stock valued at $280,000 after purchasing an additional 65 shares in the last quarter. Finally, Peoples Financial Services CORP. increased its holdings in Boeing by 0.8% during the third quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer’s stock valued at $1,352,000 after buying an additional 67 shares during the period. Institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BA. Wells Fargo & Company lowered their target price on Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a report on Monday, November 4th. Morgan Stanley decreased their price objective on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut their target price on Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. JPMorgan Chase & Co. reduced their target price on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating for the company in a report on Monday, November 25th. Finally, The Goldman Sachs Group lowered their price target on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $190.11.

Boeing Stock Performance

Shares of BA stock opened at $156.54 on Tuesday. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $267.54. The firm has a market capitalization of $96.77 billion, a PE ratio of -12.13 and a beta of 1.57. The stock’s 50-day simple moving average is $151.48 and its 200-day simple moving average is $167.35.

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 the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the previous year, the business posted ($3.26) EPS. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. Sell-side analysts forecast that The Boeing Company will post -16.19 earnings per share for the current year.

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.