The Boeing Company (NYSE:BA) Shares Sold by Capital Investment Advisors LLC

Capital Investment Advisors LLC trimmed its position in The Boeing Company (NYSE:BA) by 4.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,546 shares of the aircraft producer’s stock after selling 955 shares during the quarter. Capital Investment Advisors LLC’s holdings in Boeing were worth $2,820,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in BA. Vanguard Group Inc. increased its stake in Boeing by 2.5% during the first quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock valued at $9,596,383,000 after purchasing an additional 1,222,816 shares during the last quarter. Newport Trust Company LLC boosted its holdings in shares of Boeing by 1.2% in the 2nd quarter. Newport Trust Company LLC now owns 31,640,184 shares of the aircraft producer’s stock valued at $5,758,830,000 after buying an additional 388,633 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Boeing by 1.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,619,126 shares of the aircraft producer’s stock valued at $1,386,757,000 after buying an additional 106,513 shares during the period. Jennison Associates LLC grew its position in shares of Boeing by 14.1% during the 1st quarter. Jennison Associates LLC now owns 4,203,435 shares of the aircraft producer’s stock valued at $811,221,000 after buying an additional 518,952 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in Boeing by 2.0% during the second quarter. Legal & General Group Plc now owns 3,432,485 shares of the aircraft producer’s stock worth $624,749,000 after acquiring an additional 67,474 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BA has been the subject of a number of research reports. Jefferies Financial Group decreased their target price on Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. Susquehanna reduced their price objective on Boeing from $230.00 to $210.00 and set a “positive” rating for the company in a research report on Thursday. DZ Bank lowered Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a research report on Tuesday, October 15th. 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. Finally, Wells Fargo & Company lowered their price target on shares of Boeing from $110.00 to $109.00 and set an “underweight” rating for the company in a research report on Monday, October 14th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and a consensus price target of $198.79.

Boeing Stock Down 0.2 %

Shares of BA stock opened at $155.00 on Friday. The stock has a 50-day simple moving average of $161.10 and a 200 day simple moving average of $172.53. The Boeing Company has a fifty-two week low of $146.02 and a fifty-two week high of $267.54. The stock has a market capitalization of $95.15 billion, a P/E ratio of -43.66 and a beta of 1.57.

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