Signature Estate & Investment Advisors LLC Sells 559 Shares of The Boeing Company (NYSE:BA)

Signature Estate & Investment Advisors LLC cut its stake in The Boeing Company (NYSE:BA) by 17.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,732 shares of the aircraft producer’s stock after selling 559 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Boeing were worth $415,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Davis R M Inc. grew its stake in Boeing by 2.9% in the 1st quarter. Davis R M Inc. now owns 3,029 shares of the aircraft producer’s stock valued at $585,000 after purchasing an additional 86 shares during the period. Rockport Wealth LLC purchased a new stake in Boeing during the first quarter worth about $416,000. UniSuper Management Pty Ltd raised its position in Boeing by 180.5% in the first quarter. UniSuper Management Pty Ltd now owns 12,542 shares of the aircraft producer’s stock worth $2,420,000 after acquiring an additional 8,070 shares during the period. Atlanta Consulting Group Advisors LLC purchased a new position in Boeing in the first quarter valued at about $228,000. Finally, Burgundy Asset Management Ltd. grew its position in shares of Boeing by 42.9% during the 1st quarter. Burgundy Asset Management Ltd. now owns 50,000 shares of the aircraft producer’s stock valued at $9,650,000 after acquiring an additional 15,000 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on BA shares. JPMorgan Chase & Co. dropped their price objective on Boeing from $235.00 to $195.00 and set an “overweight” rating on the stock in a research note on Monday, October 14th. DZ Bank cut Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a research report on Tuesday, October 15th. Wells Fargo & Company decreased their price objective on Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a report on Monday, November 4th. UBS Group cut their target price on shares of Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Finally, Stifel Nicolaus boosted their price target on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $190.37.

Boeing Stock Performance

Shares of NYSE:BA opened at $140.19 on Friday. The firm has a market capitalization of $86.67 billion, a PE ratio of -10.87 and a beta of 1.57. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $267.54. The firm has a fifty day moving average of $153.20 and a 200 day moving average of $169.45.

Boeing (NYSE:BA) last released its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates 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. Boeing’s revenue was down 1.5% compared to the same quarter last year. During the same period last year, the firm earned ($3.26) EPS. On average, sell-side analysts forecast that The Boeing Company will post -16.09 EPS 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.