Alpha Cubed Investments LLC Has $655,000 Stock Position in The Boeing Company (NYSE:BA)

Alpha Cubed Investments LLC cut its stake in shares of The Boeing Company (NYSE:BA) by 6.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,311 shares of the aircraft producer’s stock after selling 302 shares during the period. Alpha Cubed Investments LLC’s holdings in Boeing were worth $655,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Chicago Partners Investment Group LLC raised its holdings in shares of Boeing by 0.4% during the fourth quarter. Chicago Partners Investment Group LLC now owns 14,941 shares of the aircraft producer’s stock valued at $3,895,000 after acquiring an additional 56 shares in the last quarter. Madison Park Capital Advisors LLC raised its stake in Boeing by 4.9% in the second quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock worth $219,000 after buying an additional 56 shares in the last quarter. Bridge Creek Capital Management LLC lifted its holdings in Boeing by 3.1% in the first quarter. Bridge Creek Capital Management LLC now owns 1,983 shares of the aircraft producer’s stock worth $383,000 after buying an additional 60 shares during the period. Wealth Alliance Advisory Group LLC boosted its position in Boeing by 1.6% during the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer’s stock valued at $691,000 after acquiring an additional 60 shares in the last quarter. Finally, Angeles Wealth Management LLC grew its holdings in shares of Boeing by 4.2% during the 1st quarter. Angeles Wealth Management LLC now owns 1,524 shares of the aircraft producer’s stock worth $294,000 after acquiring an additional 61 shares during the period. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Down 0.8 %

NYSE:BA opened at $154.64 on Wednesday. The company has a market cap of $94.93 billion, a PE ratio of -43.56 and a beta of 1.57. The company has a 50 day simple moving average of $164.89 and a two-hundred day simple moving average of $174.83. The Boeing Company has a 12 month low of $149.49 and a 12 month high of $267.54.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Susquehanna restated a “positive” rating and set a $230.00 price target on shares of Boeing in a research report on Wednesday, August 14th. TD Cowen dropped their target price on shares of Boeing from $230.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, October 1st. Stifel Nicolaus increased 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. Sanford C. Bernstein dropped their price objective on shares of Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a research note on Monday, August 5th. Finally, The Goldman Sachs Group cut their price objective on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Three investment 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 company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $206.00.

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.