Moors & Cabot Inc. Has $2.85 Million Holdings in The Boeing Company (NYSE:BA)

Moors & Cabot Inc. trimmed its position in The Boeing Company (NYSE:BA) by 3.1% during the third quarter, HoldingsChannel.com reports. The fund owned 18,718 shares of the aircraft producer’s stock after selling 593 shares during the period. Moors & Cabot Inc.’s holdings in Boeing were worth $2,846,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of BA. Cedar Wealth Management LLC bought a new position in shares of Boeing during the 3rd quarter worth approximately $30,000. Kiely Wealth Advisory Group Inc. acquired a new stake in Boeing during the 2nd quarter valued at $33,000. Hobbs Group Advisors LLC acquired a new stake in Boeing during the 2nd quarter valued at $34,000. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Boeing by 351.1% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after buying an additional 165 shares in the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of Boeing during the second quarter worth $39,000. 64.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. TD Cowen dropped their target price on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Benchmark restated a “buy” rating and issued a $250.00 price target on shares of Boeing in a research report on Thursday, October 24th. Morgan Stanley decreased their price target on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. Robert W. Baird decreased their target price on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Finally, Citigroup decreased their target price on Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Boeing presently has an average rating of “Hold” and a consensus price target of $190.37.

Boeing Stock Up 0.4 %

BA stock opened at $146.11 on Thursday. The firm’s fifty day simple moving average is $152.22 and its two-hundred day simple moving average is $168.79. The stock has a market capitalization of $90.33 billion, a price-to-earnings ratio of -11.33 and a beta of 1.57. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $267.54.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter last year, the firm posted ($3.26) EPS. Boeing’s quarterly revenue was down 1.5% compared to the same quarter last year. As a group, equities research analysts expect that The Boeing Company will post -16.2 EPS 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.