The Boeing Company (NYSE:BA) Shares Sold by Affinity Capital Advisors LLC

Affinity Capital Advisors LLC decreased its stake in The Boeing Company (NYSE:BA) by 5.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,622 shares of the aircraft producer’s stock after selling 100 shares during the quarter. Affinity Capital Advisors LLC’s holdings in Boeing were worth $247,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Chicago Partners Investment Group LLC grew 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 worth $3,895,000 after buying an additional 56 shares in the last quarter. Madison Park Capital Advisors LLC boosted its holdings 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 valued at $219,000 after acquiring an additional 56 shares during the last quarter. Bridge Creek Capital Management LLC boosted 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 valued at $383,000 after acquiring an additional 60 shares during the last quarter. Wealth Alliance Advisory Group LLC grew its position in Boeing by 1.6% during the second 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 period. Finally, Angeles Wealth Management LLC increased its stake in Boeing by 4.2% during the first 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 last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of Boeing stock opened at $155.81 on Tuesday. The Boeing Company has a 1 year low of $149.49 and a 1 year high of $267.54. The firm’s 50-day simple moving average is $165.48 and its 200-day simple moving average is $175.06. The firm has a market cap of $95.65 billion, a PE ratio of -43.89 and a beta of 1.57.

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 business had revenue of $16.87 billion during the quarter, compared to the consensus estimate of $17.35 billion. During the same quarter in the previous year, the company posted ($0.82) earnings per share. The firm’s revenue was down 14.6% compared to the same quarter last year. On average, equities analysts predict that The Boeing Company will post -4.27 earnings per share for the current year.

Wall Street Analyst Weigh In

BA has been the topic of several research analyst reports. TD Cowen reduced their price objective on Boeing from $230.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, October 1st. Jefferies Financial Group reduced their price target on shares of Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Susquehanna reissued a “positive” rating and issued a $230.00 price objective on shares of Boeing in a research report on Wednesday, August 14th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Finally, Bank of America raised their price objective on Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, June 13th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and a consensus price target of $206.00.

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.