Means Investment CO. Inc. Has $717,000 Stock Holdings in The Boeing Company (NYSE:BA)

Means Investment CO. Inc. trimmed its holdings in shares of The Boeing Company (NYSE:BA) by 32.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,942 shares of the aircraft producer’s stock after selling 1,936 shares during the period. Means Investment CO. Inc.’s holdings in Boeing were worth $717,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of BA. Vermillion & White Wealth Management Group LLC acquired a new position in Boeing in the 4th quarter worth about $26,000. Evolution Advisers Inc. bought a new position in Boeing during the fourth quarter valued at approximately $28,000. DiNuzzo Private Wealth Inc. bought a new position in Boeing during the fourth quarter valued at approximately $28,000. Vima LLC acquired a new stake in Boeing in the fourth quarter valued at approximately $34,000. Finally, McClarren Financial Advisors Inc. grew its position in Boeing by 451.4% in the first quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after acquiring an additional 158 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Down 0.2 %

Boeing stock traded down $0.35 during midday trading on Monday, hitting $179.64. 3,854,671 shares of the stock were exchanged, compared to its average volume of 8,036,285. The Boeing Company has a 52-week low of $159.70 and a 52-week high of $267.54. The business’s 50-day moving average price is $179.34 and its 200-day moving average price is $184.34. The stock has a market capitalization of $110.28 billion, a price-to-earnings ratio of -50.32 and a beta of 1.56.

Boeing (NYSE:BA) last released its 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 firm had revenue of $16.87 billion for the quarter, compared to analysts’ expectations of $17.35 billion. During the same period in the prior year, the company earned ($0.82) earnings per share. The firm’s revenue for the quarter was down 14.6% on a year-over-year basis. On average, sell-side analysts predict that The Boeing Company will post -2.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Susquehanna reaffirmed a “positive” rating and issued a $230.00 price target on shares of Boeing in a research report on Wednesday, August 14th. Robert W. Baird reduced their price objective on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. Wells Fargo & Company lowered their target price on shares of Boeing from $190.00 to $185.00 and set an “equal weight” rating on the stock in a research note on Friday, August 2nd. StockNews.com lowered shares of Boeing from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. Finally, Argus downgraded Boeing from a “buy” rating to a “hold” rating in a research report on Tuesday, April 30th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Boeing currently has an average rating of “Moderate Buy” and an average target price of $215.18.

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.