The Boeing Company (NYSE:BA) is V2 Financial group LLC’s 10th Largest Position

V2 Financial group LLC lessened its position in shares of The Boeing Company (NYSE:BA) by 2.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 16,855 shares of the aircraft producer’s stock after selling 497 shares during the quarter. Boeing comprises about 1.7% of V2 Financial group LLC’s holdings, making the stock its 10th largest position. V2 Financial group LLC’s holdings in Boeing were worth $2,563,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BA. Lazari Capital Management Inc. increased its holdings in Boeing by 55.7% in the 2nd quarter. Lazari Capital Management Inc. now owns 23,216 shares of the aircraft producer’s stock valued at $4,226,000 after purchasing an additional 8,309 shares during the last quarter. Patten & Patten Inc. TN grew its stake in shares of Boeing by 19.8% in the third quarter. Patten & Patten Inc. TN now owns 24,603 shares of the aircraft producer’s stock valued at $3,741,000 after buying an additional 4,065 shares in the last quarter. Czech National Bank raised its holdings 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 valued at $18,130,000 after buying an additional 9,281 shares during the period. BSN CAPITAL PARTNERS Ltd purchased a new stake in shares of Boeing in the 3rd quarter valued at $11,237,000. Finally, Sanctuary Advisors LLC purchased a new position in Boeing during the 2nd quarter valued at about $21,405,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 1.8 %

Shares of NYSE BA opened at $148.96 on Tuesday. The stock has a market cap of $92.09 billion, a PE ratio of -11.55 and a beta of 1.57. The Boeing Company has a 52-week low of $144.13 and a 52-week high of $267.54. The business has a 50-day moving average price of $154.81 and a 200 day moving average price of $170.26.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($3.26) earnings per share. Sell-side analysts anticipate that The Boeing Company will post -16.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BA has been the topic of a number of recent research reports. DZ Bank lowered shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a research note on Tuesday, October 15th. The Goldman Sachs Group reduced their target price on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Sanford C. Bernstein downgraded shares of Boeing from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $195.00 to $169.00 in a research note on Wednesday, October 30th. Citigroup decreased their target price on Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Finally, Stifel Nicolaus upped their price target on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a 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 assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $190.37.

About Boeing

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.