Sentry Investment Management LLC Sells 880 Shares of The Boeing Company (NYSE:BA)

Sentry Investment Management LLC lowered its holdings in The Boeing Company (NYSE:BA) by 26.8% in the second quarter, Holdings Channel reports. The firm owned 2,407 shares of the aircraft producer’s stock after selling 880 shares during the quarter. Sentry Investment Management LLC’s holdings in Boeing were worth $438,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BA. EverSource Wealth Advisors LLC increased its position in shares of Boeing by 1.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 4,198 shares of the aircraft producer’s stock valued at $1,094,000 after acquiring an additional 50 shares during the last quarter. Davis R M Inc. raised its stake in shares of Boeing by 1.8% during the 4th quarter. Davis R M Inc. now owns 2,943 shares of the aircraft producer’s stock worth $767,000 after purchasing an additional 52 shares in the last quarter. Westpac Banking Corp boosted its holdings in shares of Boeing by 1.6% in the 4th quarter. Westpac Banking Corp now owns 3,336 shares of the aircraft producer’s stock valued at $870,000 after buying an additional 54 shares during the last quarter. Chicago Partners Investment Group LLC grew its stake in shares of Boeing by 0.4% in the fourth quarter. Chicago Partners Investment Group LLC now owns 14,941 shares of the aircraft producer’s stock valued at $3,895,000 after buying an additional 56 shares in the last quarter. Finally, Madison Park Capital Advisors LLC increased its holdings in Boeing by 4.9% during the second quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock worth $219,000 after buying an additional 56 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on BA shares. Wells Fargo & Company reissued an “underweight” rating and issued a $119.00 price objective (down previously from $185.00) on shares of Boeing in a research report on Tuesday, September 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $225.00 price target on shares of Boeing in a report on Tuesday, June 25th. Baird R W upgraded Boeing to a “strong-buy” rating in a research note on Monday, June 3rd. Robert W. Baird reduced their target price on Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. Finally, Susquehanna restated a “positive” rating and issued a $230.00 price target on shares of Boeing in a research note on Wednesday, August 14th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $211.29.

Boeing Price Performance

Shares of NYSE:BA opened at $161.27 on Thursday. The business’s 50 day simple moving average is $175.09 and its 200 day simple moving average is $179.81. The Boeing Company has a 1 year low of $156.10 and a 1 year high of $267.54. The company has a market capitalization of $99.00 billion, a P/E ratio of -45.43 and a beta of 1.57.

Boeing (NYSE:BA) last released its 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. The business’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.82) earnings per share. On average, sell-side analysts anticipate that The Boeing Company will post -4.26 EPS for the current fiscal year.

Boeing Company 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.