The Boeing Company (NYSE:BA) Shares Sold by Financial Management Professionals Inc.

Financial Management Professionals Inc. reduced its stake in shares of The Boeing Company (NYSE:BA) by 13.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 562 shares of the aircraft producer’s stock after selling 89 shares during the period. Financial Management Professionals Inc.’s holdings in Boeing were worth $85,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Lazari Capital Management Inc. grew its position in Boeing by 55.7% during the second quarter. Lazari Capital Management Inc. now owns 23,216 shares of the aircraft producer’s stock worth $4,226,000 after buying an additional 8,309 shares during the period. Czech National Bank grew its holdings in shares of Boeing by 8.4% in the 3rd quarter. Czech National Bank now owns 119,243 shares of the aircraft producer’s stock worth $18,130,000 after acquiring an additional 9,281 shares during the period. BSN CAPITAL PARTNERS Ltd purchased a new position in Boeing in the 3rd quarter valued at approximately $11,237,000. Sanctuary Advisors LLC acquired a new position in Boeing during the second quarter worth $21,405,000. Finally, Williams Financial LLC purchased a new stake in Boeing during the second quarter worth $1,637,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Down 0.1 %

Shares of BA opened at $155.01 on Friday. The Boeing Company has a fifty-two week low of $146.02 and a fifty-two week high of $267.54. The company’s fifty day moving average is $159.68 and its two-hundred day moving average is $171.66. The firm has a market cap of $95.16 billion, a PE ratio of -43.66 and a beta of 1.57.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates 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. The company’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($3.26) EPS. As a group, equities research analysts anticipate that The Boeing Company will post -5.35 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. UBS Group lowered their price objective on shares of Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. lowered their price target on shares of Boeing from $235.00 to $195.00 and set an “overweight” rating on the stock in a research report on Monday, October 14th. Stifel Nicolaus lifted their price objective on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of Boeing in a report on Thursday. Finally, Jefferies Financial Group dropped their price target on Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $191.79.

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.