Harmony Asset Management LLC Trims Stock Position in The Boeing Company (NYSE:BA)

Harmony Asset Management LLC lowered its position in shares of The Boeing Company (NYSE:BA) by 9.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,337 shares of the aircraft producer’s stock after selling 246 shares during the period. Harmony Asset Management LLC’s holdings in Boeing were worth $425,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in BA. Chicago Partners Investment Group LLC boosted its stake in Boeing by 0.4% during the 4th 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 during the last quarter. Madison Park Capital Advisors LLC grew 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 purchasing an additional 56 shares in the last quarter. Angeles Wealth Management LLC raised its stake in Boeing by 4.3% during the fourth quarter. Angeles Wealth Management LLC now owns 1,463 shares of the aircraft producer’s stock valued at $381,000 after buying an additional 60 shares in the last quarter. Bridge Creek Capital Management LLC lifted its holdings in Boeing by 3.1% during the 1st 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 last quarter. Finally, Wealth Alliance Advisory Group LLC increased its holdings in shares of Boeing by 1.6% in 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 during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on BA shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $225.00 price target on shares of Boeing in a report on Tuesday, June 25th. Stifel Nicolaus boosted their price objective on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Robert W. Baird dropped their target price on Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. UBS Group reduced their price target on shares of Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a report on Friday, June 7th. Finally, 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 report on Monday, August 5th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $211.29.

Boeing Stock Down 0.8 %

BA stock opened at $153.29 on Monday. The company has a 50 day moving average of $171.21 and a two-hundred day moving average of $177.41. The company has a market cap of $94.10 billion, a price-to-earnings ratio of -43.18 and a beta of 1.57. The Boeing Company has a 12-month low of $152.60 and a 12-month high of $267.54.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (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 analyst estimates of $17.35 billion. During the same period last year, the company posted ($0.82) EPS. The company’s quarterly revenue was down 14.6% compared to the same quarter last year. On average, research analysts anticipate that The Boeing Company will post -4.26 EPS for the current year.

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.