Sentry Investment Management LLC Has $438,000 Holdings in The Boeing Company (NYSE:BA)

Sentry Investment Management LLC decreased its position in shares of The Boeing Company (NYSE:BA) by 26.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,407 shares of the aircraft producer’s stock after selling 880 shares during the period. Sentry Investment Management LLC’s holdings in Boeing were worth $438,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC bought a new position in Boeing in the 4th quarter valued at $26,000. Vima LLC acquired a new position in Boeing during the 4th quarter worth about $34,000. Hobbs Group Advisors LLC bought a new stake in Boeing during the 2nd quarter worth about $34,000. McClarren Financial Advisors Inc. increased its position in 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 acquiring an additional 158 shares in the last quarter. Finally, Accent Capital Management LLC bought a new position in shares of Boeing in the fourth quarter worth about $39,000. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

NYSE:BA opened at $161.27 on Thursday. The business’s 50-day simple moving average is $175.09 and its 200-day simple moving average is $179.81. The Boeing Company has a fifty-two week low of $156.10 and a fifty-two week high of $267.54. The stock has a market capitalization of $99.00 billion, a PE ratio of -45.43 and a beta of 1.57.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The company had revenue of $16.87 billion for the quarter, compared to analyst estimates of $17.35 billion. The firm’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.82) EPS. On average, research analysts expect that The Boeing Company will post -4.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $225.00 price target on shares of Boeing in a research note on Tuesday, June 25th. Bank of America lifted their target price on Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a research note on Thursday, June 13th. Susquehanna reaffirmed a “positive” rating and set a $230.00 price target on shares of Boeing in a research note on Wednesday, August 14th. UBS Group dropped their price objective on Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a report on Friday, June 7th. Finally, Robert W. Baird reduced their target price on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, June 3rd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Boeing has a consensus rating of “Moderate Buy” and a consensus target price of $211.29.

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.