Northwest Investment Counselors LLC Sells 156 Shares of The Boeing Company (NYSE:BA)

Northwest Investment Counselors LLC trimmed its stake in The Boeing Company (NYSE:BA) by 4.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,089 shares of the aircraft producer’s stock after selling 156 shares during the quarter. Northwest Investment Counselors LLC’s holdings in Boeing were worth $470,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of BA. Kiely Wealth Advisory Group Inc. bought a new position in Boeing in the second quarter valued at approximately $33,000. Hobbs Group Advisors LLC bought a new position in Boeing in the second quarter valued at approximately $34,000. McClarren Financial Advisors Inc. grew its stake in Boeing by 451.4% in the first quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock valued at $37,000 after purchasing an additional 158 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in Boeing by 351.1% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock valued at $39,000 after purchasing an additional 165 shares in the last quarter. Finally, 1620 Investment Advisors Inc. bought a new position in Boeing in the second quarter valued at approximately $39,000. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Up 2.5 %

Shares of BA traded up $3.92 during midday trading on Monday, hitting $158.92. The company’s stock had a trading volume of 10,561,967 shares, compared to its average volume of 8,072,441. The Boeing Company has a one year low of $146.02 and a one year high of $267.54. The company’s fifty day simple moving average is $161.10 and its two-hundred day simple moving average is $172.44. The stock has a market capitalization of $97.56 billion, a price-to-earnings ratio of -45.58 and a beta of 1.57.

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

Analyst Upgrades and Downgrades

A number of research firms have weighed in on BA. Stifel Nicolaus lifted their target price on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Morgan Stanley reduced their target price on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Friday. The Goldman Sachs Group reduced their target price on Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. DZ Bank downgraded Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price for the company. in a research note on Tuesday, October 15th. Finally, Sanford C. Bernstein reduced their target price on Boeing from $207.00 to $195.00 and set an “outperform” rating for the company in a research note on Thursday. Three research analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $198.79.

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.