Aviso Wealth Management Sells 1,572 Shares of The Boeing Company (NYSE:BA)

Aviso Wealth Management lessened its position in shares of The Boeing Company (NYSE:BA) by 23.5% in the third quarter, Holdings Channel.com reports. The firm owned 5,116 shares of the aircraft producer’s stock after selling 1,572 shares during the period. Aviso Wealth Management’s holdings in Boeing were worth $778,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in BA. Van ECK Associates Corp grew its holdings in shares of Boeing by 122.0% in the 3rd quarter. Van ECK Associates Corp now owns 2,277,548 shares of the aircraft producer’s stock valued at $357,712,000 after acquiring an additional 1,251,456 shares in the last quarter. International Assets Investment Management LLC grew its holdings 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 valued at $2,558,790,000 after acquiring an additional 1,251,165 shares in the last quarter. Wulff Hansen & CO. grew its holdings in shares of Boeing by 15,039.0% in the 2nd quarter. Wulff Hansen & CO. now owns 967,383 shares of the aircraft producer’s stock valued at $176,073,000 after acquiring an additional 960,993 shares in the last quarter. Newport Trust Company LLC lifted its stake in Boeing by 1.2% in 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 last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in Boeing by 79.0% in the 1st quarter. Canada Pension Plan Investment Board now owns 726,254 shares of the aircraft producer’s stock valued at $140,160,000 after purchasing an additional 320,502 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their target price on shares of Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. UBS Group cut their target price on shares of Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, October 24th. Stifel Nicolaus raised their target price on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. Finally, Susquehanna cut their price objective on shares of 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 issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $190.37.

Boeing Stock Performance

Shares of BA opened at $140.19 on Monday. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $267.54. The stock has a market capitalization of $86.67 billion, a price-to-earnings ratio of -10.87 and a beta of 1.57. The stock has a fifty day moving average of $153.20 and a 200-day moving average of $169.44.

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