CVA Family Office LLC Decreases Stock Position in The Boeing Company (NYSE:BA)

CVA Family Office LLC lowered its position in shares of The Boeing Company (NYSE:BA) by 36.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 554 shares of the aircraft producer’s stock after selling 318 shares during the period. CVA Family Office LLC’s holdings in Boeing were worth $84,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Lazari Capital Management Inc. grew its holdings in Boeing by 55.7% during the 2nd quarter. Lazari Capital Management Inc. now owns 23,216 shares of the aircraft producer’s stock valued at $4,226,000 after purchasing an additional 8,309 shares in the last quarter. Sanders Morris Harris LLC boosted its position in Boeing by 869.1% in the 1st quarter. Sanders Morris Harris LLC now owns 22,775 shares of the aircraft producer’s stock valued at $4,395,000 after buying an additional 20,425 shares during the last quarter. Czech National Bank grew its stake in shares of Boeing by 8.4% during the third quarter. Czech National Bank now owns 119,243 shares of the aircraft producer’s stock valued at $18,130,000 after acquiring an additional 9,281 shares in the last quarter. Park Avenue Securities LLC increased its position in shares of Boeing by 20.7% during the first quarter. Park Avenue Securities LLC now owns 10,543 shares of the aircraft producer’s stock worth $2,035,000 after acquiring an additional 1,805 shares during the last quarter. Finally, BSN CAPITAL PARTNERS Ltd acquired a new position in shares of Boeing in the third quarter worth about $11,237,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Performance

BA stock opened at $151.02 on Monday. The stock’s fifty day moving average is $162.41 and its two-hundred day moving average is $173.72. The stock has a market capitalization of $92.71 billion, a price-to-earnings ratio of -42.54 and a beta of 1.57. The Boeing Company has a 1 year low of $146.26 and a 1 year high of $267.54.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The company had revenue of $16.87 billion for the quarter, compared to analysts’ expectations of $17.35 billion. During the same quarter in the previous year, the company posted ($0.82) EPS. The firm’s revenue was down 14.6% compared to the same quarter last year. As a group, analysts predict that The Boeing Company will post -5.35 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BA. The Goldman Sachs Group lowered their price objective on Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. Sanford C. Bernstein decreased their price target 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. Wells Fargo & Company cut their price target on shares of Boeing from $119.00 to $110.00 and set an “underweight” rating on the stock in a report on Tuesday, October 1st. Jefferies Financial Group reduced their price objective on shares of Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Finally, Susquehanna reissued a “positive” rating and issued a $230.00 target price on shares of Boeing in a research report on Wednesday, August 14th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $206.00.

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.