Intellectus Partners LLC Has $273,000 Holdings in The Boeing Company (NYSE:BA)

Intellectus Partners LLC decreased its position in shares of The Boeing Company (NYSE:BA) by 12.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,797 shares of the aircraft producer’s stock after selling 250 shares during the quarter. Intellectus Partners LLC’s holdings in Boeing were worth $273,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Kiely Wealth Advisory Group Inc. acquired a new position in shares of Boeing during the second quarter worth $33,000. Hobbs Group Advisors LLC bought a new position in shares of Boeing during the second quarter worth about $34,000. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Boeing by 351.1% in the second 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 during the last quarter. 1620 Investment Advisors Inc. acquired a new stake in Boeing during the 2nd quarter valued at approximately $39,000. Finally, Strategic Financial Concepts LLC bought a new position in Boeing during the 2nd quarter worth approximately $41,000. Institutional investors own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BA. Wells Fargo & Company decreased their price objective on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research report on Monday, November 4th. UBS Group cut their target price on Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Robert W. Baird dropped their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Susquehanna reduced 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. Finally, Citigroup dropped their target price on shares of Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $190.37.

Boeing Price Performance

BA opened at $140.18 on Friday. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $267.54. The firm has a market capitalization of $86.66 billion, a P/E ratio of -10.87 and a beta of 1.57. The company’s 50-day moving average is $153.55 and its 200 day moving average is $169.67.

Boeing (NYSE:BA) last announced its earnings results 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 firm had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. The firm’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($3.26) EPS. On average, equities research analysts expect that The Boeing Company will post -16.09 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.