Loomis Sayles & Co. L P Sells 255,628 Shares of The Boeing Company (NYSE:BA)

Loomis Sayles & Co. L P lessened its stake in The Boeing Company (NYSE:BA) by 1.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,573,538 shares of the aircraft producer’s stock after selling 255,628 shares during the quarter. Boeing comprises about 2.9% of Loomis Sayles & Co. L P’s holdings, making the stock its 10th largest holding. Loomis Sayles & Co. L P owned approximately 2.36% of Boeing worth $2,215,760,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Cedar Wealth Management LLC acquired a new stake in Boeing during the 3rd quarter valued at $30,000. Kiely Wealth Advisory Group Inc. acquired a new stake in shares of Boeing during the second quarter valued at about $33,000. Hobbs Group Advisors LLC purchased a new stake in shares of Boeing during the second quarter worth about $34,000. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Boeing by 351.1% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after acquiring an additional 165 shares in the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new position in Boeing in the second quarter valued at about $39,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on BA shares. Robert W. Baird cut their target price on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Citigroup reduced their price objective on shares of Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research note on Tuesday, October 15th. TD Cowen dropped their target price on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and cut their target price for the company from $195.00 to $169.00 in a research note on Wednesday, October 30th. Finally, Stifel Nicolaus lifted their price target on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Three analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Boeing has an average rating of “Hold” and an average price target of $190.37.

Boeing Stock Performance

BA stock opened at $149.29 on Monday. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $267.54. The company’s 50 day simple moving average is $151.70 and its 200-day simple moving average is $168.27.

Boeing (NYSE:BA) last announced its earnings results 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 for the quarter, compared to the consensus estimate of $17.81 billion. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the business posted ($3.26) earnings per share. On average, research analysts anticipate that The Boeing Company will post -16.2 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.