Carson Advisory Inc. Cuts Stock Position in The Boeing Company (NYSE:BA)

Carson Advisory Inc. trimmed its holdings in The Boeing Company (NYSE:BA) by 3.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,776 shares of the aircraft producer’s stock after selling 172 shares during the period. Carson Advisory Inc.’s holdings in Boeing were worth $869,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in BA. Eubel Brady & Suttman Asset Management Inc. lifted its holdings in Boeing by 14.0% in the 2nd quarter. Eubel Brady & Suttman Asset Management Inc. now owns 2,406 shares of the aircraft producer’s stock worth $438,000 after purchasing an additional 295 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of Boeing by 8.8% during the second quarter. Daiwa Securities Group Inc. now owns 140,767 shares of the aircraft producer’s stock valued at $25,620,000 after buying an additional 11,439 shares during the last quarter. RPG Investment Advisory LLC lifted its holdings in shares of Boeing by 0.4% in the second quarter. RPG Investment Advisory LLC now owns 65,849 shares of the aircraft producer’s stock worth $11,985,000 after buying an additional 276 shares in the last quarter. Royal London Asset Management Ltd. grew its stake in Boeing by 2.4% during the second quarter. Royal London Asset Management Ltd. now owns 230,135 shares of the aircraft producer’s stock valued at $41,887,000 after acquiring an additional 5,296 shares in the last quarter. Finally, Liberty Wealth Management LLC increased its holdings in Boeing by 15.5% in the 2nd quarter. Liberty Wealth Management LLC now owns 2,067 shares of the aircraft producer’s stock valued at $376,000 after acquiring an additional 277 shares during the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Shares of NYSE:BA opened at $160.06 on Wednesday. The firm has a market capitalization of $98.62 billion, a PE ratio of -45.09 and a beta of 1.58. The business has a 50 day simple moving average of $175.55 and a two-hundred day simple moving average of $179.94. The Boeing Company has a 1 year low of $156.70 and a 1 year high of $267.54.

Boeing (NYSE:BA) last posted its quarterly earnings data 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 company had revenue of $16.87 billion during the quarter, compared to the consensus estimate of $17.35 billion. The firm’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.82) EPS. Equities research analysts expect that The Boeing Company will post -4.26 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on BA shares. UBS Group dropped their price objective on shares of Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a report on Friday, June 7th. Wells Fargo & Company reissued an “underweight” rating and set a $119.00 price target (down from $185.00) on shares of Boeing in a research note on Tuesday, September 3rd. Stifel Nicolaus lifted 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. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $225.00 target price on shares of Boeing in a research report on Tuesday, June 25th. Finally, Bank of America boosted their price target on shares of Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, June 13th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $211.29.

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.