The Boeing Company (NYSE:BA) Shares Sold by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. decreased its stake in shares of The Boeing Company (NYSE:BA) by 4.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,481 shares of the aircraft producer’s stock after selling 864 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Boeing were worth $2,955,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Hobbs Group Advisors LLC acquired a new stake in shares of Boeing in the second quarter valued at about $34,000. RPg Family Wealth Advisory LLC acquired a new position in Boeing during the third quarter worth about $28,000. Kiely Wealth Advisory Group Inc. acquired a new position in Boeing during the second quarter worth about $33,000. Cedar Wealth Management LLC acquired a new position in Boeing during the third quarter worth about $30,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its position in 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 acquiring an additional 165 shares during the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Price Performance

Shares of NYSE:BA opened at $164.20 on Wednesday. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $267.54. The company’s 50 day moving average is $151.69 and its two-hundred day moving average is $166.22.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates 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 in the previous year, the company posted ($3.26) earnings per share. The company’s revenue was down 1.5% on a year-over-year basis. As a group, research analysts forecast that The Boeing Company will post -16.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BA. Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. Robert W. Baird decreased their target price on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Jefferies Financial Group decreased their target price on shares of Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. Royal Bank of Canada reissued an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday, October 30th. Finally, Susquehanna reduced their price target on shares of Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research note on Thursday, October 24th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Boeing currently has a consensus rating of “Hold” and a consensus target price of $190.11.

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.