Brooklyn Investment Group Trims Position in The Boeing Company (NYSE:BA)

Brooklyn Investment Group lessened its position in shares of The Boeing Company (NYSE:BA) by 9.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,081 shares of the aircraft producer’s stock after selling 223 shares during the period. Brooklyn Investment Group’s holdings in Boeing were worth $316,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of BA. Cedar Wealth Management LLC purchased a new stake in Boeing in the third quarter valued at approximately $30,000. Kiely Wealth Advisory Group Inc. bought a new position in shares of Boeing in the 2nd quarter worth $33,000. Hobbs Group Advisors LLC bought a new position in shares of Boeing in the 2nd quarter worth $34,000. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Boeing by 351.1% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock valued at $39,000 after buying an additional 165 shares in the last quarter. Finally, 1620 Investment Advisors Inc. bought a new stake in shares of Boeing during the 2nd quarter worth $39,000. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Shares of Boeing stock opened at $150.72 on Wednesday. The company has a 50-day moving average of $151.53 and a 200 day moving average of $167.88. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $267.54. The firm has a market cap of $93.18 billion, a price-to-earnings ratio of -11.68 and a beta of 1.57.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter last year, the business earned ($3.26) earnings per share. The business’s revenue was down 1.5% compared to the same quarter last year. On average, equities analysts anticipate that The Boeing Company will post -16.2 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Wells Fargo & Company reduced their target price on Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a research note on Monday, November 4th. JPMorgan Chase & Co. decreased their price target on shares of Boeing from $195.00 to $190.00 and set an “overweight” rating on the stock in a research note on Monday. DZ Bank cut shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective for the company. in a research note on Tuesday, October 15th. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group cut their price target on shares of Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $190.11.

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.