The Boeing Company (NYSE:BA) Shares Sold by Marble Harbor Investment Counsel LLC

Marble Harbor Investment Counsel LLC cut its position in shares of The Boeing Company (NYSE:BA) by 5.2% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 4,050 shares of the aircraft producer’s stock after selling 220 shares during the period. Marble Harbor Investment Counsel LLC’s holdings in Boeing were worth $737,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Brown Brothers Harriman & Co. raised its stake in shares of Boeing by 435.8% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 27,295 shares of the aircraft producer’s stock worth $4,968,000 after buying an additional 22,201 shares during the last quarter. Retirement Planning Co of New England Inc. increased its holdings in Boeing by 1.3% during the 2nd quarter. Retirement Planning Co of New England Inc. now owns 11,030 shares of the aircraft producer’s stock valued at $2,008,000 after acquiring an additional 139 shares in the last quarter. Williams Financial LLC acquired a new position in Boeing during the second quarter worth about $1,637,000. Inspire Advisors LLC lifted its holdings in shares of Boeing by 3.4% in the second quarter. Inspire Advisors LLC now owns 2,630 shares of the aircraft producer’s stock valued at $479,000 after purchasing an additional 87 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Boeing by 10.0% in the second quarter. Envestnet Asset Management Inc. now owns 556,361 shares of the aircraft producer’s stock valued at $101,263,000 after purchasing an additional 50,767 shares during the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Trading Down 3.7 %

Shares of Boeing stock opened at $156.77 on Monday. The stock has a market capitalization of $96.60 billion, a P/E ratio of -44.16 and a beta of 1.57. The business’s fifty day moving average price is $174.10 and its 200 day moving average price is $179.04. The Boeing Company has a twelve month low of $155.60 and a twelve month high of $267.54.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The firm had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. During the same period in the prior year, the firm earned ($0.82) EPS. The business’s revenue for the quarter was down 14.6% on a year-over-year basis. As a group, sell-side analysts predict that The Boeing Company will post -4.26 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on BA. UBS Group cut their price objective on Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Susquehanna reissued a “positive” rating and issued a $230.00 price target on shares of Boeing in a report on Wednesday, August 14th. Robert W. Baird decreased their price objective on Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, June 3rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $225.00 target price on shares of Boeing in a research note on Tuesday, June 25th. Finally, Stifel Nicolaus upped their target price on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and an average target price of $211.29.

About Boeing

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.