The Boeing Company (NYSE:BA) Shares Sold by Cromwell Holdings LLC

Cromwell Holdings LLC lowered its stake in The Boeing Company (NYSE:BA) by 34.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,223 shares of the aircraft producer’s stock after selling 639 shares during the quarter. Cromwell Holdings LLC’s holdings in Boeing were worth $186,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in BA. Kiely Wealth Advisory Group Inc. acquired a new stake in shares of Boeing in the second quarter valued at approximately $33,000. Hobbs Group Advisors LLC acquired a new stake in shares of Boeing in the 2nd quarter worth $34,000. McClarren Financial Advisors Inc. raised its holdings in shares of Boeing by 451.4% during the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after acquiring an additional 158 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its position 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 valued at $39,000 after acquiring an additional 165 shares during the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new stake in shares of Boeing in the second quarter valued at about $39,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Performance

Shares of NYSE BA opened at $154.97 on Friday. The firm has a market cap of $95.13 billion, a P/E ratio of -43.65 and a beta of 1.57. The firm’s 50 day moving average price is $159.68 and its 200 day moving average price is $171.70. The Boeing Company has a 1 year low of $146.02 and a 1 year high of $267.54.

Boeing (NYSE:BA) last announced its quarterly 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 company had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. During the same period in the prior year, the company posted ($3.26) EPS. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. As a group, equities analysts predict that The Boeing Company will post -5.35 EPS for the current year.

Wall Street Analyst Weigh In

BA has been the topic of several recent analyst reports. 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. Stifel Nicolaus upped their price objective on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, August 1st. DZ Bank downgraded Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a research report on Tuesday, October 15th. Morgan Stanley cut their price objective on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday. Finally, Wells Fargo & Company lowered their target price on shares of Boeing from $109.00 to $86.00 and set an “underweight” rating for the company in a research note on Thursday. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $191.79.

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.