The Boeing Company (NYSE:BA) Shares Sold by Centaurus Financial Inc.

Centaurus Financial Inc. lowered its position in The Boeing Company (NYSE:BA) by 5.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,376 shares of the aircraft producer’s stock after selling 748 shares during the quarter. Centaurus Financial Inc.’s holdings in Boeing were worth $1,882,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in BA. Hobbs Group Advisors LLC acquired a new stake in shares of Boeing in the second quarter valued at $34,000. Kiely Wealth Advisory Group Inc. bought a new stake in shares of Boeing in the 2nd quarter worth approximately $33,000. Cedar Wealth Management LLC acquired a new stake in Boeing during the third quarter valued at approximately $30,000. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in Boeing by 351.1% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after buying an additional 165 shares in the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new position in Boeing in the second quarter worth approximately $39,000. Institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Morgan Stanley cut their price objective on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research report on Thursday, October 24th. The Goldman Sachs Group decreased their price target on Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. DZ Bank downgraded Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a report on Tuesday, October 15th. Benchmark reiterated a “buy” rating and issued a $250.00 target price on shares of Boeing in a report on Thursday, October 24th. Finally, Susquehanna dropped their target price on shares of Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Boeing presently has a consensus rating of “Hold” and an average price target of $190.37.

Boeing Stock Performance

Shares of BA opened at $149.29 on Monday. The firm has a market cap of $92.29 billion, a PE ratio of -11.57 and a beta of 1.57. The firm’s 50 day moving average price is $151.70 and its 200 day moving average price is $168.27. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $267.54.

Boeing (NYSE:BA) last released its quarterly 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 firm had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($3.26) EPS. On average, sell-side analysts anticipate that The Boeing Company will post -16.2 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.