Simon Quick Advisors LLC Has $405,000 Holdings in The Boeing Company (NYSE:BA)

Simon Quick Advisors LLC trimmed its position in The Boeing Company (NYSE:BA) by 22.9% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,224 shares of the aircraft producer’s stock after selling 659 shares during the period. Simon Quick Advisors LLC’s holdings in Boeing were worth $405,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Foundations Investment Advisors LLC grew its holdings in shares of Boeing by 40.0% during the second quarter. Foundations Investment Advisors LLC now owns 68,006 shares of the aircraft producer’s stock valued at $12,378,000 after buying an additional 19,428 shares in the last quarter. Cozad Asset Management Inc. purchased a new position in Boeing during the 2nd quarter valued at about $202,000. Absher Wealth Management LLC increased its holdings in shares of Boeing by 3.4% in the 2nd quarter. Absher Wealth Management LLC now owns 94,727 shares of the aircraft producer’s stock valued at $17,241,000 after purchasing an additional 3,128 shares during the period. Archer Investment Corp lifted its position in shares of Boeing by 21.4% in the second quarter. Archer Investment Corp now owns 3,742 shares of the aircraft producer’s stock worth $681,000 after purchasing an additional 660 shares in the last quarter. Finally, Founders Financial Securities LLC boosted its holdings in shares of Boeing by 55.4% during the second quarter. Founders Financial Securities LLC now owns 1,680 shares of the aircraft producer’s stock worth $306,000 after purchasing an additional 599 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on BA. Baird R W upgraded shares of Boeing to a “strong-buy” rating in a report on Monday, June 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $225.00 price target on shares of Boeing in a research note on Tuesday, June 25th. Bank of America boosted their price target on Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, June 13th. Susquehanna reaffirmed a “positive” rating and set a $230.00 price objective on shares of Boeing in a research report on Wednesday, August 14th. Finally, Sanford C. Bernstein decreased their target price on shares of Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a research report on Monday, August 5th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Boeing has an average rating of “Moderate Buy” and an average target price of $211.29.

Boeing Stock Up 1.4 %

NYSE BA opened at $163.21 on Thursday. The stock has a market cap of $100.19 billion, a P/E ratio of -45.97 and a beta of 1.56. The Boeing Company has a twelve month low of $158.30 and a twelve month high of $267.54. The company’s 50-day simple moving average is $177.43 and its 200 day simple moving average is $181.26.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The firm had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. During the same period in the previous year, the firm posted ($0.82) earnings per share. The company’s quarterly revenue was down 14.6% compared to the same quarter last year. Research analysts anticipate that The Boeing Company will post -4.26 earnings per share 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.