The Boeing Company (NYSE:BA) Shares Sold by Cromwell Holdings LLC

Cromwell Holdings LLC trimmed its holdings in shares of The Boeing Company (NYSE:BA) by 34.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,223 shares of the aircraft producer’s stock after selling 639 shares during the period. Cromwell Holdings LLC’s holdings in Boeing were worth $186,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Kiely Wealth Advisory Group Inc. acquired a new stake in Boeing during the 2nd quarter worth about $33,000. Hobbs Group Advisors LLC purchased a new position in shares of Boeing in the second quarter worth approximately $34,000. McClarren Financial Advisors Inc. lifted its position 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 valued at $37,000 after acquiring an additional 158 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Boeing by 351.1% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after purchasing an additional 165 shares during the period. Finally, 1620 Investment Advisors Inc. purchased a new position in Boeing during the 2nd quarter worth approximately $39,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the company. Stifel Nicolaus raised their target price on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. JPMorgan Chase & Co. decreased their price target on shares of Boeing from $235.00 to $195.00 and set an “overweight” rating for the company in a report on Monday, October 14th. Wells Fargo & Company lowered their price objective on shares of Boeing from $109.00 to $86.00 and set an “underweight” rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft cut their target price on shares of Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Finally, Benchmark reaffirmed a “buy” rating and issued a $250.00 target price on shares of Boeing in a research report on Thursday. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Boeing presently has an average rating of “Moderate Buy” and an average target price of $191.79.

Boeing Stock Performance

Shares of Boeing stock opened at $154.97 on Friday. The Boeing Company has a twelve month low of $146.02 and a twelve month high of $267.54. The firm has a market cap of $95.13 billion, a P/E ratio of -43.65 and a beta of 1.57. The firm’s 50-day simple moving average is $159.68 and its 200-day simple moving average is $171.70.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. During the same period in the prior year, the company earned ($3.26) EPS. Boeing’s quarterly revenue was down 1.5% on a year-over-year basis. On average, equities analysts forecast that The Boeing Company will post -5.35 earnings per share for the current fiscal year.

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.