Great Valley Advisor Group Inc. Reduces Stock Position in The Boeing Company (NYSE:BA)

Great Valley Advisor Group Inc. trimmed its holdings in The Boeing Company (NYSE:BA) by 25.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,100 shares of the aircraft producer’s stock after selling 6,077 shares during the period. Great Valley Advisor Group Inc.’s holdings in Boeing were worth $2,752,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Earnest Partners LLC increased its holdings in Boeing by 5.8% during the 1st quarter. Earnest Partners LLC now owns 2,106 shares of the aircraft producer’s stock worth $406,000 after acquiring an additional 116 shares during the period. Waverly Advisors LLC increased its holdings in shares of Boeing by 37.2% in the first quarter. Waverly Advisors LLC now owns 11,649 shares of the aircraft producer’s stock worth $2,248,000 after purchasing an additional 3,160 shares during the period. Janus Henderson Group PLC raised its position in shares of Boeing by 21.3% in the first quarter. Janus Henderson Group PLC now owns 93,046 shares of the aircraft producer’s stock worth $17,948,000 after buying an additional 16,342 shares in the last quarter. Industrial Alliance Investment Management Inc. boosted its stake in Boeing by 11.2% during the first quarter. Industrial Alliance Investment Management Inc. now owns 2,391 shares of the aircraft producer’s stock valued at $461,000 after buying an additional 240 shares during the period. Finally, Elkhorn Partners Limited Partnership grew its position in Boeing by 29.8% during the first quarter. Elkhorn Partners Limited Partnership now owns 2,830 shares of the aircraft producer’s stock worth $546,000 after buying an additional 650 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BA. JPMorgan Chase & Co. dropped their price target on Boeing from $235.00 to $195.00 and set an “overweight” rating for the company in a research report on Monday, October 14th. Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. TD Cowen dropped their price objective on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research note on Wednesday, October 30th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $190.37.

Boeing Stock Up 4.1 %

NYSE:BA opened at $149.29 on Monday. The firm has a market capitalization of $92.29 billion, a P/E ratio of -11.57 and a beta of 1.57. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $267.54. The company has a fifty day moving average of $151.70 and a 200 day moving average of $168.27.

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

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.