JNBA Financial Advisors Has $66,000 Holdings in The Boeing Company (NYSE:BA)

JNBA Financial Advisors trimmed its holdings in shares of The Boeing Company (NYSE:BA) by 56.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 433 shares of the aircraft producer’s stock after selling 570 shares during the quarter. JNBA Financial Advisors’ holdings in Boeing were worth $66,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Kiely Wealth Advisory Group Inc. bought a new position in shares of Boeing in the second quarter worth about $33,000. Hobbs Group Advisors LLC acquired a new position in shares of Boeing during the second quarter worth approximately $34,000. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of 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 acquiring an additional 165 shares during the period. 1620 Investment Advisors Inc. acquired a new stake in shares of Boeing in the second quarter worth $39,000. Finally, Strategic Financial Concepts LLC bought a new position in Boeing during the second quarter worth $41,000. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Performance

Boeing stock opened at $147.18 on Thursday. The Boeing Company has a 52 week low of $144.13 and a 52 week high of $267.54. The firm has a market cap of $90.99 billion, a P/E ratio of -11.41 and a beta of 1.57. The business’s fifty day moving average is $156.17 and its two-hundred day moving average is $170.60.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. The firm’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($3.26) earnings per share. On average, equities research analysts predict that The Boeing Company will post -16.13 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on BA shares. TD Cowen decreased their price target on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. JPMorgan Chase & Co. lowered their price target on Boeing from $235.00 to $195.00 and set an “overweight” rating on the stock in a research note on Monday, October 14th. DZ Bank cut Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target for the company. in a report on Tuesday, October 15th. Deutsche Bank Aktiengesellschaft lowered their price objective on Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. 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 research report on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to 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.