Capital Advisors Ltd. LLC Sells 82 Shares of The Boeing Company (NYSE:BA)

Capital Advisors Ltd. LLC reduced its position in The Boeing Company (NYSE:BA) by 7.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 959 shares of the aircraft producer’s stock after selling 82 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Boeing were worth $146,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Kiely Wealth Advisory Group Inc. bought a new position in shares of Boeing during the 2nd quarter worth approximately $33,000. Hobbs Group Advisors LLC bought a new position in shares of Boeing during the second quarter valued at $34,000. McClarren Financial Advisors Inc. boosted its stake in shares of Boeing by 451.4% in the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock valued at $37,000 after purchasing an additional 158 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Boeing by 351.1% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after purchasing an additional 165 shares during the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in shares of Boeing during the 2nd quarter worth about $39,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on BA. Sanford C. Bernstein dropped their price target on Boeing from $207.00 to $195.00 and set an “outperform” rating for the company in a report on Thursday, October 17th. Benchmark restated a “buy” rating and issued a $250.00 target price on shares of Boeing in a research note on Thursday. Wells Fargo & Company reduced their price target on shares of Boeing from $109.00 to $86.00 and set an “underweight” rating on the stock in a research report on Thursday. Stifel Nicolaus increased their price objective on shares of Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, TD Cowen dropped their target price on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $191.79.

Boeing Stock Performance

NYSE BA opened at $155.01 on Monday. The stock has a market cap of $95.16 billion, a price-to-earnings ratio of -43.66 and a beta of 1.57. The business has a 50 day simple moving average of $159.68 and a 200 day simple moving average of $171.64. The Boeing Company has a 52-week low of $146.02 and a 52-week high of $267.54.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share 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 the consensus estimate of $17.81 billion. During the same period in the previous year, the business earned ($3.26) EPS. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, analysts predict that The Boeing Company will post -5.35 EPS for the current year.

Boeing Company 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.