Key Financial Inc Sells 3,000 Shares of The Boeing Company (NYSE:BA)

Key Financial Inc lowered its position in The Boeing Company (NYSE:BA) by 37.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,992 shares of the aircraft producer’s stock after selling 3,000 shares during the quarter. Key Financial Inc’s holdings in Boeing were worth $909,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC bought a new position in Boeing in the 4th quarter valued at $26,000. DiNuzzo Private Wealth Inc. purchased a new stake in shares of Boeing during the fourth quarter valued at $28,000. Vima LLC purchased a new stake in shares of Boeing during the fourth quarter valued at $34,000. Hobbs Group Advisors LLC bought a new position in shares of Boeing in the second quarter worth about $34,000. Finally, McClarren Financial Advisors Inc. increased its stake in Boeing by 451.4% in 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 period. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

NYSE:BA traded up $1.59 during trading hours on Friday, hitting $173.85. 4,144,066 shares of the company were exchanged, compared to its average volume of 7,852,250. The company’s 50 day moving average price is $178.18 and its 200-day moving average price is $182.46. The stock has a market capitalization of $106.72 billion, a price-to-earnings ratio of -48.97 and a beta of 1.56. The Boeing Company has a 52-week low of $159.70 and a 52-week high of $267.54.

Boeing (NYSE:BA) last released its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The company had revenue of $16.87 billion during the quarter, compared to analysts’ expectations of $17.35 billion. Boeing’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.82) earnings per share. On average, equities analysts predict that The Boeing Company will post -2.38 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on BA shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $225.00 target price on shares of Boeing in a research note on Tuesday, June 25th. Stifel Nicolaus increased their price objective on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Sanford C. Bernstein reduced their price objective on Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a report on Monday, August 5th. UBS Group lowered their target price on Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a report on Friday, June 7th. Finally, Susquehanna reissued a “positive” rating and set a $230.00 price target on shares of Boeing in a research report on Wednesday, August 14th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $215.18.

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.