The Boeing Company (NYSE:BA) Shares Sold by Marco Investment Management LLC

Marco Investment Management LLC reduced its position in shares of The Boeing Company (NYSE:BA) by 13.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,366 shares of the aircraft producer’s stock after selling 216 shares during the period. Marco Investment Management LLC’s holdings in Boeing were worth $208,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in BA. Hobbs Group Advisors LLC purchased a new stake in shares of Boeing in the second quarter valued at approximately $34,000. Kiely Wealth Advisory Group Inc. acquired a new stake in Boeing in the second quarter valued at $33,000. Cedar Wealth Management LLC purchased a new stake in shares of Boeing during the 3rd quarter worth $30,000. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Boeing by 351.1% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after purchasing an additional 165 shares during the period. Finally, 1620 Investment Advisors Inc. purchased a new position in shares of Boeing in the 2nd quarter valued at about $39,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on BA. DZ Bank downgraded shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a report on Tuesday, October 15th. TD Cowen lowered their price target on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Robert W. Baird reduced their price objective on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Citigroup lowered their target price on Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. 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 assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $190.37.

Boeing Trading Up 4.1 %

NYSE BA opened at $149.29 on Monday. The business’s 50-day moving average price is $151.70 and its 200 day moving average price is $168.27. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $267.54. The company has a market capitalization of $92.29 billion, a PE ratio of -11.57 and a beta of 1.57.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share 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 analyst estimates of $17.81 billion. During the same quarter in the prior year, the firm posted ($3.26) EPS. Boeing’s revenue for the quarter was down 1.5% on a year-over-year basis. Equities analysts predict that The Boeing Company will post -16.2 EPS for the current year.

Boeing 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.