Eclectic Associates Inc. ADV Sells 111 Shares of The Boeing Company (NYSE:BA)

Eclectic Associates Inc. ADV reduced its stake in The Boeing Company (NYSE:BA) by 2.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,180 shares of the aircraft producer’s stock after selling 111 shares during the period. Eclectic Associates Inc. ADV’s holdings in Boeing were worth $788,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of BA. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Boeing in the 4th quarter worth about $26,000. Vima LLC bought a new stake in shares of Boeing in the 4th quarter worth about $34,000. Accent Capital Management LLC bought a new stake in shares of Boeing in the 4th quarter worth about $39,000. Hobbs Group Advisors LLC bought a new stake in shares of Boeing in the 2nd quarter worth about $34,000. Finally, McClarren Financial Advisors Inc. increased its holdings in shares of Boeing by 451.4% in the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after buying an additional 158 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Performance

BA stock traded up $4.48 during trading on Friday, reaching $155.00. The company had a trading volume of 6,680,591 shares, compared to its average volume of 8,022,903. The firm has a 50-day simple moving average of $165.48 and a 200-day simple moving average of $175.19. The company has a market cap of $95.15 billion, a price-to-earnings ratio of -43.63 and a beta of 1.57. The Boeing Company has a twelve month low of $149.49 and a twelve month high of $267.54.

Boeing (NYSE:BA) last released its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The company had revenue of $16.87 billion for the quarter, compared to the consensus estimate of $17.35 billion. The firm’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.82) EPS. Sell-side analysts expect that The Boeing Company will post -4.27 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on BA. Susquehanna reaffirmed a “positive” rating and set a $230.00 price target on shares of Boeing in a research note on Wednesday, August 14th. Sanford C. Bernstein dropped their price target on shares of Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a research note on Monday, August 5th. Stifel Nicolaus lifted their price target on shares of Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Bank of America lifted their price target on shares of Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, June 13th. Finally, UBS Group dropped their price target on shares of Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $206.00.

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.