Lifeworks Advisors LLC Decreases Stake in The Boeing Company (NYSE:BA)

Lifeworks Advisors LLC reduced its stake in The Boeing Company (NYSE:BA) by 27.6% during the third quarter, Holdings Channel.com reports. The firm owned 2,096 shares of the aircraft producer’s stock after selling 799 shares during the period. Lifeworks Advisors LLC’s holdings in Boeing were worth $319,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of BA. Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Boeing by 7.1% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 16,267 shares of the aircraft producer’s stock valued at $2,473,000 after acquiring an additional 1,079 shares in the last quarter. Black Swift Group LLC raised its holdings in shares of Boeing by 76.6% during the third quarter. Black Swift Group LLC now owns 18,100 shares of the aircraft producer’s stock valued at $2,752,000 after acquiring an additional 7,850 shares in the last quarter. Metis Global Partners LLC raised its holdings in shares of Boeing by 3.0% during the third quarter. Metis Global Partners LLC now owns 18,701 shares of the aircraft producer’s stock valued at $2,843,000 after acquiring an additional 548 shares in the last quarter. Planning Capital Management Corp raised its holdings in shares of Boeing by 741.0% during the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock valued at $50,000 after acquiring an additional 289 shares in the last quarter. Finally, Zions Bancorporation N.A. raised its holdings in shares of Boeing by 85.4% during the third quarter. Zions Bancorporation N.A. now owns 1,550 shares of the aircraft producer’s stock valued at $236,000 after acquiring an additional 714 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Price Performance

Boeing stock opened at $138.13 on Friday. The Boeing Company has a one year low of $137.22 and a one year high of $267.54. The stock has a market capitalization of $85.39 billion, a PE ratio of -10.71 and a beta of 1.57. The business’s fifty day moving average is $154.03 and its 200 day moving average is $169.89.

Boeing (NYSE:BA) last released its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the previous year, the business earned ($3.26) earnings per share. Boeing’s revenue was down 1.5% compared to the same quarter last year. As a group, sell-side analysts expect that The Boeing Company will post -16.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. UBS Group decreased their target price on Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft decreased their price objective on Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. TD Cowen decreased their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Susquehanna decreased their price objective on Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a report on Thursday, October 24th. Finally, Citigroup decreased their price objective on Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $190.37.

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.