Certified Advisory Corp Trims Stock Position in The Boeing Company (NYSE:BA)

Certified Advisory Corp trimmed its holdings in The Boeing Company (NYSE:BA) by 1.9% in the 3rd quarter, HoldingsChannel reports. The fund owned 4,325 shares of the aircraft producer’s stock after selling 84 shares during the quarter. Certified Advisory Corp’s holdings in Boeing were worth $658,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Madison Park Capital Advisors LLC increased its stake in Boeing by 4.9% in the second quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock valued at $219,000 after purchasing an additional 56 shares during the last quarter. Wealth Alliance Advisory Group LLC increased its stake in shares of Boeing by 1.6% during the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer’s stock valued at $691,000 after acquiring an additional 60 shares during the last quarter. IMS Capital Management lifted its holdings in shares of Boeing by 0.4% during the 2nd quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer’s stock worth $2,759,000 after acquiring an additional 62 shares during the period. ADE LLC boosted its position in shares of Boeing by 4.4% in the second quarter. ADE LLC now owns 1,539 shares of the aircraft producer’s stock worth $280,000 after acquiring an additional 65 shares during the last quarter. Finally, Peoples Financial Services CORP. grew its holdings in Boeing by 0.8% in the third quarter. Peoples Financial Services CORP. now owns 8,893 shares of the aircraft producer’s stock valued at $1,352,000 after purchasing an additional 67 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of NYSE BA opened at $149.29 on Friday. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $267.54. The stock’s 50-day simple moving average is $151.70 and its 200-day simple moving average is $168.36. The firm has a market cap of $92.29 billion, a price-to-earnings ratio of -11.57 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) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. During the same period in the previous year, the business posted ($3.26) EPS. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. As a group, research analysts predict that The Boeing Company will post -16.2 EPS for the current year.

Wall Street Analysts Forecast Growth

BA has been the topic of a number of research analyst reports. Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $195.00 to $169.00 in a report on Wednesday, October 30th. Morgan Stanley reduced their target price on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Wells Fargo & Company dropped their price target on Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research note on Monday, November 4th. Stifel Nicolaus lifted their price objective on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Finally, Susquehanna decreased their target price on Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a report on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $190.37.

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.