Financial Counselors Inc. Sells 134 Shares of The Boeing Company (NYSE:BA)

Financial Counselors Inc. lowered its position in The Boeing Company (NYSE:BA) by 0.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,628 shares of the aircraft producer’s stock after selling 134 shares during the quarter. Financial Counselors Inc.’s holdings in Boeing were worth $2,224,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Hobbs Group Advisors LLC acquired a new position in shares of Boeing in the second quarter valued at $34,000. RPg Family Wealth Advisory LLC bought a new stake in shares of Boeing during the third quarter worth approximately $28,000. Kiely Wealth Advisory Group Inc. acquired a new position in shares of Boeing in the second quarter valued at approximately $33,000. Cedar Wealth Management LLC acquired a new stake in Boeing during the 3rd quarter worth approximately $30,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its stake in 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 period. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BA. 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. Citigroup lowered their target price on shares of Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Susquehanna reduced their price target on Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research report on Thursday, October 24th. Royal Bank of Canada reiterated an “outperform” rating and set a $200.00 target price on shares of Boeing in a research report on Wednesday, October 30th. Finally, Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $195.00 to $169.00 in a research report on Wednesday, October 30th. 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. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $190.11.

Boeing Price Performance

Boeing stock opened at $155.65 on Friday. The firm has a market cap of $96.22 billion, a P/E ratio of -12.07 and a beta of 1.57. The stock’s 50 day moving average is $151.48 and its 200 day moving average is $167.51. The Boeing Company has a one year low of $137.03 and a one year high of $267.54.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) 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 the consensus estimate of $17.81 billion. The business’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the company posted ($3.26) earnings per share. Equities analysts anticipate that The Boeing Company will post -16.19 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.