The Boeing Company (NYSE:BA) Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC lessened its holdings in shares of The Boeing Company (NYSE:BA) by 2.2% in the third quarter, Holdings Channel.com reports. The firm owned 190,234 shares of the aircraft producer’s stock after selling 4,248 shares during the period. Janney Montgomery Scott LLC’s holdings in Boeing were worth $28,923,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. International Assets Investment Management LLC grew its position in shares of Boeing by 289.8% in the 3rd quarter. International Assets Investment Management LLC now owns 1,682,970 shares of the aircraft producer’s stock worth $2,558,790,000 after acquiring an additional 1,251,165 shares in the last quarter. Vanguard Group Inc. boosted its position in Boeing by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock valued at $9,596,383,000 after purchasing an additional 1,222,816 shares during the period. Van ECK Associates Corp boosted its position in Boeing by 9,626.0% during the 2nd quarter. Van ECK Associates Corp now owns 1,026,092 shares of the aircraft producer’s stock valued at $186,759,000 after purchasing an additional 1,015,542 shares during the period. Wulff Hansen & CO. boosted its position in Boeing by 15,039.0% during the 2nd quarter. Wulff Hansen & CO. now owns 967,383 shares of the aircraft producer’s stock valued at $176,073,000 after purchasing an additional 960,993 shares during the period. Finally, Newport Trust Company LLC boosted its position in Boeing by 1.2% during the 2nd quarter. Newport Trust Company LLC now owns 31,640,184 shares of the aircraft producer’s stock valued at $5,758,830,000 after purchasing an additional 388,633 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Up 0.3 %

Shares of BA stock opened at $155.07 on Tuesday. The stock’s fifty day simple moving average is $157.09 and its 200-day simple moving average is $170.90. The Boeing Company has a 1-year low of $146.02 and a 1-year high of $267.54. The company has a market capitalization of $95.86 billion, a price-to-earnings ratio of -12.02 and a beta of 1.57.

Boeing (NYSE:BA) last issued its earnings results 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 during the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter in the prior year, the business earned ($3.26) EPS. Boeing’s quarterly revenue was down 1.5% on a year-over-year basis. On average, sell-side analysts predict that The Boeing Company will post -16.15 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BA shares. Benchmark restated a “buy” rating and set a $250.00 price objective on shares of Boeing in a research report on Thursday, October 24th. Wells Fargo & Company cut 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. Morgan Stanley cut their target price on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. DZ Bank downgraded Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a research note on Tuesday, October 15th. Finally, Jefferies Financial Group cut their target price on Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company 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.