Bouvel Investment Partners LLC Sells 246 Shares of The Boeing Company (NYSE:BA)

Bouvel Investment Partners LLC cut its position in The Boeing Company (NYSE:BA) by 1.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,616 shares of the aircraft producer’s stock after selling 246 shares during the quarter. Boeing comprises about 1.4% of Bouvel Investment Partners LLC’s holdings, making the stock its 26th largest position. Bouvel Investment Partners LLC’s holdings in Boeing were worth $3,826,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of BA. Van ECK Associates Corp increased its holdings in shares of Boeing by 122.0% in the third quarter. Van ECK Associates Corp now owns 2,277,548 shares of the aircraft producer’s stock worth $357,712,000 after purchasing an additional 1,251,456 shares during the period. International Assets Investment Management LLC lifted its holdings in Boeing by 289.8% in the 3rd quarter. International Assets Investment Management LLC now owns 1,682,970 shares of the aircraft producer’s stock worth $2,558,790,000 after buying an additional 1,251,165 shares during the period. Franklin Resources Inc. raised its holdings in Boeing by 1,296.3% in the 3rd quarter. Franklin Resources Inc. now owns 1,136,895 shares of the aircraft producer’s stock worth $169,386,000 after purchasing an additional 1,055,472 shares in the last quarter. State Street Corp boosted its position in Boeing by 2.3% during the 3rd quarter. State Street Corp now owns 27,778,195 shares of the aircraft producer’s stock valued at $4,223,397,000 after acquiring an additional 636,594 shares in the last quarter. Finally, Jennison Associates LLC boosted its position in shares of Boeing by 9.9% during the third quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock valued at $1,018,775,000 after purchasing an additional 602,143 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on BA shares. DZ Bank downgraded Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a report on Tuesday, October 15th. Robert W. Baird cut their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. The Goldman Sachs Group lowered their target price on Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Susquehanna dropped 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. Finally, 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 report on Tuesday, October 15th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Boeing presently has an average rating of “Moderate Buy” and an average target price of $192.21.

Boeing Price Performance

BA opened at $168.91 on Friday. The firm has a market capitalization of $104.42 billion, a P/E ratio of -13.09 and a beta of 1.52. The Boeing Company has a one year low of $137.03 and a one year high of $217.59. The company has a fifty day moving average price of $162.40 and a 200-day moving average price of $164.98.

Boeing (NYSE:BA) last posted its quarterly earnings data 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 the consensus estimate of $17.81 billion. The business’s revenue was down 1.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($3.26) earnings per share. On average, analysts expect that The Boeing Company will post -16.43 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.