J.W. Cole Advisors Inc. Has $2.79 Million Stock Holdings in The Boeing Company (NYSE:BA)

J.W. Cole Advisors Inc. trimmed its position in The Boeing Company (NYSE:BA) by 15.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,349 shares of the aircraft producer’s stock after selling 3,245 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Boeing were worth $2,790,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Boeing by 2.5% in the first quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock valued at $9,596,383,000 after purchasing an additional 1,222,816 shares during the last quarter. Newport Trust Company LLC boosted its stake in Boeing by 1.2% during the 2nd quarter. Newport Trust Company LLC now owns 31,640,184 shares of the aircraft producer’s stock valued at $5,758,830,000 after purchasing an additional 388,633 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Boeing by 1.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,619,126 shares of the aircraft producer’s stock valued at $1,386,757,000 after buying an additional 106,513 shares during the last quarter. Jennison Associates LLC increased its position in Boeing by 14.1% in the 1st quarter. Jennison Associates LLC now owns 4,203,435 shares of the aircraft producer’s stock worth $811,221,000 after buying an additional 518,952 shares during the period. Finally, Legal & General Group Plc boosted its position in shares of Boeing by 2.0% in the second quarter. Legal & General Group Plc now owns 3,432,485 shares of the aircraft producer’s stock valued at $624,749,000 after acquiring an additional 67,474 shares during the period. 64.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on BA. Deutsche Bank Aktiengesellschaft cut their target price on shares of Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. UBS Group lowered their price objective on Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday. Stifel Nicolaus raised their target price on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Jefferies Financial Group decreased their price target 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, Sanford C. Bernstein dropped their price objective on shares of Boeing from $207.00 to $195.00 and set an “outperform” rating for the company in a research note on Thursday, October 17th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $191.79.

Boeing Price Performance

BA stock opened at $155.01 on Monday. The stock has a market capitalization of $95.16 billion, a price-to-earnings ratio of -43.66 and a beta of 1.57. The business has a fifty day moving average price of $159.68 and a 200 day moving average price of $171.64. The Boeing Company has a fifty-two week low of $146.02 and a fifty-two week high of $267.54.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($3.26) EPS. On average, equities analysts expect that The Boeing Company will post -5.35 earnings per share for the current fiscal 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.