Ignite Planners LLC Sells 327 Shares of The Boeing Company (NYSE:BA)

Ignite Planners LLC reduced its stake in The Boeing Company (NYSE:BA) by 2.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,249 shares of the aircraft producer’s stock after selling 327 shares during the period. Ignite Planners LLC’s holdings in Boeing were worth $2,470,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Lazari Capital Management Inc. boosted its stake in Boeing by 55.7% during the second quarter. Lazari Capital Management Inc. now owns 23,216 shares of the aircraft producer’s stock worth $4,226,000 after acquiring an additional 8,309 shares in the last quarter. Sanders Morris Harris LLC grew its stake in shares of Boeing by 869.1% in the 1st quarter. Sanders Morris Harris LLC now owns 22,775 shares of the aircraft producer’s stock worth $4,395,000 after buying an additional 20,425 shares during the last quarter. Czech National Bank grew its stake in shares of Boeing by 8.4% in the 3rd quarter. Czech National Bank now owns 119,243 shares of the aircraft producer’s stock worth $18,130,000 after buying an additional 9,281 shares during the last quarter. Park Avenue Securities LLC raised its stake in Boeing by 20.7% during the first quarter. Park Avenue Securities LLC now owns 10,543 shares of the aircraft producer’s stock valued at $2,035,000 after buying an additional 1,805 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in Boeing in the second quarter worth $21,405,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on BA. TD Cowen reduced their price target on Boeing from $230.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, October 1st. Susquehanna restated a “positive” rating and set a $230.00 price objective on shares of Boeing in a research note on Wednesday, August 14th. The Goldman Sachs Group dropped their target price on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Jefferies Financial Group reduced their price target on shares of Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. Finally, Bank of America boosted their price objective on shares of Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, June 13th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $206.00.

Boeing Price Performance

NYSE:BA opened at $155.81 on Tuesday. The Boeing Company has a one year low of $149.49 and a one year high of $267.54. The business has a fifty day moving average price of $165.48 and a 200-day moving average price of $175.06. The firm has a market capitalization of $95.65 billion, a price-to-earnings ratio of -43.89 and a beta of 1.57.

Boeing (NYSE:BA) last posted 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 firm had revenue of $16.87 billion during the quarter, compared to analysts’ expectations of $17.35 billion. The firm’s revenue for the quarter was down 14.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.82) earnings per share. On average, equities research analysts expect that The Boeing Company will post -4.27 earnings per share for the current fiscal 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.