The Boeing Company (NYSE:BA) Holdings Decreased by Beaton Management Co. Inc.

Beaton Management Co. Inc. lessened its stake in The Boeing Company (NYSE:BA) by 1.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,209 shares of the aircraft producer’s stock after selling 84 shares during the period. Beaton Management Co. Inc.’s holdings in Boeing were worth $1,248,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hobbs Group Advisors LLC bought a new stake in shares of Boeing in the 2nd quarter worth $34,000. Kiely Wealth Advisory Group Inc. acquired a new position in Boeing during the second quarter worth about $33,000. Harel Insurance Investments & Financial Services Ltd. raised its position 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 worth $39,000 after acquiring an additional 165 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new stake in Boeing in the 2nd quarter valued at about $39,000. Finally, Pathway Financial Advisers LLC bought a new position in shares of Boeing during the 1st quarter valued at about $53,000. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Boeing stock opened at $140.19 on Friday. The firm’s 50 day moving average price is $153.20 and its two-hundred day moving average price is $169.45. The firm has a market cap of $86.67 billion, a PE ratio of -10.87 and a beta of 1.57. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $267.54.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period last year, the company posted ($3.26) EPS. Equities analysts anticipate that The Boeing Company will post -16.09 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BA has been the subject of several recent research reports. Susquehanna cut their target price on shares of Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research note on Thursday, October 24th. Stifel Nicolaus upped their price target on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research note on Wednesday, October 30th. Citigroup cut their target price on Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Finally, 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 report on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $190.37.

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.