The Boeing Company (NYSE:BA) Shares Sold by KCM Investment Advisors LLC

KCM Investment Advisors LLC trimmed its holdings in The Boeing Company (NYSE:BA) by 4.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,664 shares of the aircraft producer’s stock after selling 419 shares during the quarter. KCM Investment Advisors LLC’s holdings in Boeing were worth $1,317,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Blue Barn Wealth LLC acquired a new stake in Boeing during the first quarter valued at $252,000. Allstate Corp raised its holdings in Boeing by 10.8% in the 1st quarter. Allstate Corp now owns 1,845 shares of the aircraft producer’s stock worth $356,000 after purchasing an additional 180 shares during the period. Patten & Patten Inc. TN boosted its position in Boeing by 12.6% during the first quarter. Patten & Patten Inc. TN now owns 12,998 shares of the aircraft producer’s stock worth $2,509,000 after purchasing an additional 1,452 shares in the last quarter. Chiron Capital Management LLC increased its position in shares of Boeing by 12.8% in the first quarter. Chiron Capital Management LLC now owns 1,758 shares of the aircraft producer’s stock valued at $339,000 after buying an additional 200 shares in the last quarter. Finally, Northern Capital Management Inc. raised its stake in shares of Boeing by 13.3% during the 1st quarter. Northern Capital Management Inc. now owns 2,316 shares of the aircraft producer’s stock worth $447,000 after buying an additional 271 shares during the period. 64.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BA. Susquehanna cut their target price on shares of Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research note on Thursday, October 24th. Sanford C. Bernstein cut shares of Boeing from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Royal Bank of Canada reiterated an “outperform” rating and issued a $200.00 price objective on shares of Boeing in a research report on Wednesday, October 30th. Benchmark reaffirmed a “buy” rating and issued a $250.00 price target on shares of Boeing in a research note on Thursday, October 24th. Finally, JPMorgan Chase & Co. cut their price objective on Boeing from $235.00 to $195.00 and set an “overweight” rating for the company in a research report on Monday, October 14th. Three investment 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $190.37.

Boeing Stock Up 1.5 %

Shares of Boeing stock opened at $140.18 on Friday. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $267.54. The company has a 50 day moving average of $153.20 and a 200 day moving average of $169.44. The company has a market capitalization of $86.66 billion, a P/E ratio of -10.87 and a beta of 1.57.

Boeing (NYSE:BA) last posted its 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 analysts’ expectations of $17.81 billion. Boeing’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($3.26) earnings per share. As a group, research analysts anticipate that The Boeing Company will post -16.09 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.