The Boeing Company (NYSE:BA) Shares Sold by Summit Trail Advisors LLC

Summit Trail Advisors LLC reduced its holdings in The Boeing Company (NYSE:BA) by 7.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,874 shares of the aircraft producer’s stock after selling 323 shares during the quarter. Summit Trail Advisors LLC’s holdings in Boeing were worth $589,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Cedar Wealth Management LLC acquired a new stake in Boeing in the third quarter valued at $30,000. Kiely Wealth Advisory Group Inc. acquired a new stake in shares of Boeing in the second quarter valued at about $33,000. Hobbs Group Advisors LLC purchased a new stake in Boeing during the second quarter worth about $34,000. Harel Insurance Investments & Financial Services Ltd. grew its position in 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 buying an additional 165 shares during the period. Finally, 1620 Investment Advisors Inc. purchased a new position in Boeing in the second quarter valued at about $39,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BA has been the topic of a number of research reports. Wells Fargo & Company lowered their price target on Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a report on Monday, November 4th. The Goldman Sachs Group dropped their price target on Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. DZ Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research report on Tuesday, October 15th. Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. Finally, TD Cowen reduced their price target on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $190.11.

Boeing Trading Down 1.6 %

Boeing stock opened at $150.72 on Wednesday. The stock has a fifty day moving average price of $151.53 and a 200 day moving average price of $167.88. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $267.54. The firm has a market capitalization of $93.18 billion, a P/E ratio of -11.68 and a beta of 1.57.

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