The Boeing Company (NYSE:BA) Shares Sold by Planning Directions Inc.

Planning Directions Inc. reduced its stake in The Boeing Company (NYSE:BA) by 3.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,427 shares of the aircraft producer’s stock after selling 80 shares during the period. Planning Directions Inc.’s holdings in Boeing were worth $369,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in BA. Kiely Wealth Advisory Group Inc. bought a new position in Boeing during the 2nd quarter valued at $33,000. Hobbs Group Advisors LLC bought a new position in Boeing during the second quarter valued at about $34,000. Harel Insurance Investments & Financial Services Ltd. grew 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 acquiring an additional 165 shares during the period. 1620 Investment Advisors Inc. bought a new stake in Boeing in the second quarter worth about $39,000. Finally, Strategic Financial Concepts LLC bought a new stake in Boeing in the second quarter worth about $41,000. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BA. Stifel Nicolaus raised their price objective 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. Susquehanna reduced their target price on shares of Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a report on Thursday, October 24th. DZ Bank cut Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a report on Tuesday, October 15th. The Goldman Sachs Group cut their price objective on Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Finally, UBS Group decreased their target price on Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Three investment 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $190.37.

Boeing Price Performance

Shares of NYSE BA opened at $140.19 on Monday. The Boeing Company has a one year low of $137.03 and a one year high of $267.54. The business’s 50-day moving average price is $153.20 and its two-hundred day moving average price is $169.44. The company has a market capitalization of $86.67 billion, a P/E ratio of -10.87 and a beta of 1.57.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same period last year, the firm posted ($3.26) earnings per share. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, equities analysts anticipate that The Boeing Company will post -16.2 EPS 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.