Rise Advisors LLC Cuts Stock Holdings in The Boeing Company (NYSE:BA)

Rise Advisors LLC reduced its stake in The Boeing Company (NYSE:BA) by 3.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,831 shares of the aircraft producer’s stock after selling 91 shares during the period. Rise Advisors LLC’s holdings in Boeing were worth $430,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Lazari Capital Management Inc. boosted its stake in shares of Boeing by 55.7% in the 2nd quarter. Lazari Capital Management Inc. now owns 23,216 shares of the aircraft producer’s stock valued at $4,226,000 after buying an additional 8,309 shares during the period. Sanders Morris Harris LLC lifted its stake in Boeing by 869.1% in the first quarter. Sanders Morris Harris LLC now owns 22,775 shares of the aircraft producer’s stock worth $4,395,000 after acquiring an additional 20,425 shares during the last quarter. Czech National Bank grew its holdings in Boeing by 8.4% during the 3rd quarter. Czech National Bank now owns 119,243 shares of the aircraft producer’s stock worth $18,130,000 after acquiring an additional 9,281 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of Boeing by 20.7% in the 1st quarter. Park Avenue Securities LLC now owns 10,543 shares of the aircraft producer’s stock valued at $2,035,000 after purchasing an additional 1,805 shares during the last quarter. Finally, BSN CAPITAL PARTNERS Ltd acquired a new stake in shares of Boeing in the 3rd quarter valued at $11,237,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on BA. Susquehanna reissued a “positive” rating and issued a $230.00 target price on shares of Boeing in a report on Wednesday, August 14th. Stifel Nicolaus increased their price objective on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Sanford C. Bernstein decreased their target price on Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a research note on Monday, August 5th. Jefferies Financial Group lowered their price target on Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Finally, Wells Fargo & Company cut their price objective on shares of Boeing from $119.00 to $110.00 and set an “underweight” rating on the stock in a report on Tuesday, October 1st. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $206.00.

Boeing Trading Up 3.0 %

Shares of BA opened at $151.02 on Monday. The stock’s 50 day moving average is $162.41 and its two-hundred day moving average is $173.72. The Boeing Company has a twelve month low of $146.26 and a twelve month high of $267.54. The firm has a market capitalization of $92.71 billion, a PE ratio of -42.54 and a beta of 1.57.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The company had revenue of $16.87 billion during the quarter, compared to analysts’ expectations of $17.35 billion. During the same quarter in the previous year, the business posted ($0.82) EPS. Boeing’s quarterly revenue was down 14.6% on a year-over-year basis. On average, sell-side analysts predict that The Boeing Company will post -5.35 EPS for the current year.

Boeing Company 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.