Signature Estate & Investment Advisors LLC Sells 559 Shares of The Boeing Company (NYSE:BA)

Signature Estate & Investment Advisors LLC lessened its holdings in The Boeing Company (NYSE:BA) by 17.0% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,732 shares of the aircraft producer’s stock after selling 559 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Boeing were worth $415,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BA. Hobbs Group Advisors LLC acquired a new position in Boeing in the second quarter valued at about $34,000. Kiely Wealth Advisory Group Inc. bought a new stake in shares of Boeing during the 2nd quarter worth approximately $33,000. 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 worth $39,000 after acquiring an additional 165 shares in the last quarter. 1620 Investment Advisors Inc. bought a new position in Boeing in the second quarter valued at approximately $39,000. Finally, Pathway Financial Advisers LLC acquired a new position in Boeing during the first quarter valued at approximately $53,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BA has been the topic of several recent analyst reports. Robert W. Baird decreased their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Morgan Stanley lowered their target price on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Benchmark reaffirmed a “buy” rating and set a $250.00 price target on shares of Boeing in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Finally, Susquehanna dropped their price target on Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research note on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $190.37.

Boeing Price Performance

Shares of Boeing stock opened at $140.19 on Friday. The Boeing Company has a one year low of $137.03 and a one year high of $267.54. The stock’s 50-day moving average is $153.20 and its 200 day moving average is $169.45. The firm has a market cap of $86.67 billion, a price-to-earnings ratio of -10.87 and a beta of 1.57.

Boeing (NYSE:BA) last released its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($3.26) EPS. On average, sell-side analysts expect that The Boeing Company will post -16.09 EPS for the current fiscal year.

About Boeing

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.