The Boeing Company (NYSE:BA) Shares Sold by Pin Oak Investment Advisors Inc.

Pin Oak Investment Advisors Inc. lessened its stake in shares of The Boeing Company (NYSE:BA) by 5.3% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,800 shares of the aircraft producer’s stock after selling 100 shares during the period. Pin Oak Investment Advisors Inc.’s holdings in Boeing were worth $273,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. RPg Family Wealth Advisory LLC purchased a new stake in shares of Boeing in the third quarter valued at $28,000. Cedar Wealth Management LLC acquired a new position in Boeing during the third quarter worth $30,000. Kiely Wealth Advisory Group Inc. bought a new position in Boeing during the second quarter valued at about $33,000. Hobbs Group Advisors LLC bought a new stake in shares of Boeing during the 2nd quarter worth about $34,000. Finally, Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Boeing by 351.1% in the 2nd 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 in the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Benchmark reiterated a “buy” rating and issued a $250.00 target price on shares of Boeing in a research note on Thursday, October 24th. Jefferies Financial Group reduced their price objective on Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. Royal Bank of Canada restated an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a research note on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft dropped their target price on Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Finally, Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and cut their target price for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $190.11.

Boeing Price Performance

NYSE:BA opened at $152.42 on Thursday. The business’s 50-day simple moving average is $151.48 and its 200-day simple moving average is $167.77. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $267.54. The stock has a market capitalization of $94.23 billion, a PE ratio of -11.82 and a beta of 1.57.

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 company had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted ($3.26) EPS. On average, research analysts expect that The Boeing Company will post -16.2 earnings per share for the current year.

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.