The Boeing Company (NYSE:BA) Shares Sold by Pavion Blue Capital LLC

Pavion Blue Capital LLC trimmed its stake in shares of The Boeing Company (NYSE:BA) by 8.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,065 shares of the aircraft producer’s stock after selling 185 shares during the period. Pavion Blue Capital LLC’s holdings in Boeing were worth $314,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BA. Massachusetts Wealth Management boosted its position in Boeing by 23.9% during the third quarter. Massachusetts Wealth Management now owns 4,230 shares of the aircraft producer’s stock worth $643,000 after purchasing an additional 815 shares in the last quarter. Court Place Advisors LLC boosted its position in Boeing by 9.0% during the third quarter. Court Place Advisors LLC now owns 1,765 shares of the aircraft producer’s stock worth $268,000 after purchasing an additional 145 shares in the last quarter. Financial Partners Group LLC boosted its position in Boeing by 33.2% during the third quarter. Financial Partners Group LLC now owns 7,861 shares of the aircraft producer’s stock worth $1,195,000 after purchasing an additional 1,958 shares in the last quarter. Mount Yale Investment Advisors LLC boosted its position in Boeing by 5.3% during the third quarter. Mount Yale Investment Advisors LLC now owns 3,250 shares of the aircraft producer’s stock worth $494,000 after purchasing an additional 163 shares in the last quarter. Finally, Rowlandmiller & PARTNERS.ADV boosted its position in Boeing by 2.6% during the third quarter. Rowlandmiller & PARTNERS.ADV now owns 9,345 shares of the aircraft producer’s stock worth $1,421,000 after purchasing an additional 240 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BA has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their price target on Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Jefferies Financial Group decreased their target price on Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. Robert W. Baird decreased their target price on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday. Sanford C. Bernstein decreased their target price on Boeing from $207.00 to $195.00 and set an “outperform” rating on the stock in a research report on Thursday, October 17th. Finally, Benchmark restated a “buy” rating and issued a $250.00 target price on shares of Boeing in a research report on Thursday. Three analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and a consensus target price of $191.79.

Boeing Stock Performance

Shares of BA stock opened at $154.97 on Friday. The firm’s 50 day moving average price is $159.68 and its 200-day moving average price is $171.70. The Boeing Company has a one year low of $146.02 and a one year high of $267.54. The firm has a market cap of $95.13 billion, a P/E ratio of -43.65 and a beta of 1.57.

Boeing (NYSE:BA) last issued its quarterly earnings data 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 firm had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter in the prior year, the company posted ($3.26) EPS. The business’s revenue was down 1.5% on a year-over-year basis. As a group, research analysts predict that The Boeing Company will post -5.35 EPS for the current fiscal year.

About Boeing

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.