Financial Insights Inc. Sells 414 Shares of The Boeing Company (NYSE:BA)

Financial Insights Inc. trimmed its stake in The Boeing Company (NYSE:BA) by 20.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,566 shares of the aircraft producer’s stock after selling 414 shares during the quarter. Financial Insights Inc.’s holdings in Boeing were worth $238,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in BA. Kiely Wealth Advisory Group Inc. purchased a new position in Boeing during the 2nd quarter worth $33,000. Hobbs Group Advisors LLC purchased a new position in Boeing during the 2nd quarter worth $34,000. McClarren Financial Advisors Inc. grew its stake in Boeing by 451.4% during the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after buying an additional 158 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its stake in Boeing by 351.1% during the 2nd 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 last quarter. Finally, 1620 Investment Advisors Inc. purchased a new position in Boeing during the 2nd quarter worth $39,000. 64.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BA has been the topic of several research analyst reports. 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. Deutsche Bank Aktiengesellschaft dropped their price target on Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday, October 3rd. Jefferies Financial Group dropped their price target on Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. TD Cowen dropped their price target on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Finally, Sanford C. Bernstein dropped their price target on Boeing from $207.00 to $195.00 and set an “outperform” rating on the stock in a research note on Thursday, October 17th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $198.79.

Boeing Trading Up 0.0 %

NYSE BA opened at $159.85 on Wednesday. The stock has a market capitalization of $98.13 billion, a price-to-earnings ratio of -45.03 and a beta of 1.57. The Boeing Company has a twelve month low of $146.02 and a twelve month high of $267.54. The stock has a 50-day moving average of $160.84 and a 200 day moving average of $172.11.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The company had revenue of $16.87 billion during the quarter, compared to the consensus estimate of $17.35 billion. The company’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.82) earnings per share. Equities analysts predict that The Boeing Company will post -5.35 EPS for the current fiscal year.

Boeing Company 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.