D.A. Davidson & CO. Sells 3,760 Shares of The Boeing Company (NYSE:BA)

D.A. Davidson & CO. trimmed its holdings in shares of The Boeing Company (NYSE:BA) by 3.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 114,357 shares of the aircraft producer’s stock after selling 3,760 shares during the quarter. D.A. Davidson & CO.’s holdings in Boeing were worth $17,387,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Cedar Wealth Management LLC acquired a new position in Boeing during the 3rd quarter valued at about $30,000. Kiely Wealth Advisory Group Inc. purchased a new stake in shares of Boeing during the second quarter worth about $33,000. Hobbs Group Advisors LLC acquired a new position in shares of Boeing during the second quarter valued at about $34,000. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Boeing by 351.1% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock valued at $39,000 after purchasing an additional 165 shares during the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new position in shares of Boeing in the 2nd quarter valued at approximately $39,000. Institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

BA has been the subject of a number of recent research reports. Wells Fargo & Company reduced their price target on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research report on Monday, November 4th. TD Cowen lowered their price target on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Citigroup dropped their target price on shares of Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Boeing in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group reduced their target price on shares of Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Boeing currently has an average rating of “Hold” and an average price target of $190.11.

Boeing Trading Up 2.5 %

Shares of BA opened at $153.08 on Tuesday. The firm has a market cap of $94.63 billion, a P/E ratio of -11.87 and a beta of 1.57. The company’s 50-day moving average price is $151.65 and its 200 day moving average price is $168.08. The Boeing Company has a 12-month low of $137.03 and a 12-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 (EPS) 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 business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter last year, the business earned ($3.26) earnings per share. Equities research analysts forecast that The Boeing Company will post -16.2 earnings per share for the current 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.