D.A. Davidson & CO. Cuts Stock Position in The Boeing Company (NYSE:BA)

D.A. Davidson & CO. decreased its holdings in The Boeing Company (NYSE:BA) by 3.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 114,357 shares of the aircraft producer’s stock after selling 3,760 shares during the quarter. D.A. Davidson & CO.’s holdings in Boeing were worth $17,387,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Hobbs Group Advisors LLC purchased a new position in Boeing in the second quarter worth approximately $34,000. Kiely Wealth Advisory Group Inc. acquired a new stake in shares of Boeing in the 2nd quarter valued at $33,000. Cedar Wealth Management LLC purchased a new stake in shares of Boeing during the 3rd quarter worth $30,000. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Boeing by 351.1% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after purchasing an additional 165 shares in the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new position in Boeing in the second quarter valued at $39,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on BA shares. DZ Bank downgraded 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. Royal Bank of Canada reissued an “outperform” rating and set a $200.00 price objective on shares of Boeing in a report on Wednesday, October 30th. The Goldman Sachs Group reduced their target price on Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Jefferies Financial Group decreased their price target on shares of Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. Finally, Susquehanna decreased their price objective on Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research report on Thursday, October 24th. Three 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 MarketBeat.com, Boeing currently has a consensus rating of “Hold” and a consensus price target of $190.11.

Boeing Stock Up 2.5 %

NYSE:BA opened at $153.08 on Tuesday. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $267.54. The company has a market capitalization of $94.63 billion, a PE ratio of -11.87 and a beta of 1.57. The stock has a fifty day simple moving average of $151.65 and a 200-day simple moving average of $168.08.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same quarter last year, the firm posted ($3.26) earnings per share. The business’s revenue was down 1.5% on a year-over-year basis. As a group, equities analysts anticipate that The Boeing Company will post -16.2 earnings per share for the current year.

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.