The Boeing Company (NYSE:BA) Shares Sold by MAI Capital Management

MAI Capital Management lessened its holdings in shares of The Boeing Company (NYSE:BA) by 10.7% in the third quarter, Holdings Channel.com reports. The firm owned 36,871 shares of the aircraft producer’s stock after selling 4,406 shares during the period. MAI Capital Management’s holdings in Boeing were worth $5,606,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Hobbs Group Advisors LLC acquired a new stake in shares of Boeing during the 2nd quarter valued at approximately $34,000. Kiely Wealth Advisory Group Inc. bought a new stake in shares of Boeing in the 2nd quarter worth approximately $33,000. Harel Insurance Investments & Financial Services Ltd. lifted its stake 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 buying an additional 165 shares during the last quarter. 1620 Investment Advisors Inc. bought a new stake in shares of Boeing during the second quarter valued at approximately $39,000. Finally, Pathway Financial Advisers LLC acquired a new position in shares of Boeing during the first quarter valued at $53,000. 64.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

BA has been the subject of a number of research analyst reports. Sanford C. Bernstein downgraded Boeing from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. DZ Bank lowered Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a research report on Tuesday, October 15th. JPMorgan Chase & Co. dropped their price objective on shares of Boeing from $235.00 to $195.00 and set an “overweight” rating on the stock in a research note on Monday, October 14th. TD Cowen dropped their price target on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, October 14th. Finally, Stifel Nicolaus raised their price objective on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Three research 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $190.37.

Boeing Stock Up 1.2 %

Boeing stock opened at $145.58 on Wednesday. The stock has a market cap of $90.00 billion, a price-to-earnings ratio of -11.29 and a beta of 1.57. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $267.54. The business has a 50 day moving average price of $152.53 and a two-hundred day moving average price of $168.95.

Boeing (NYSE:BA) last released 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 during the quarter, compared to analyst estimates of $17.81 billion. The company’s revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the company earned ($3.26) EPS. On average, analysts expect that The Boeing Company will post -16.2 earnings per share 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.