Mather Group LLC. Has $442,000 Stock Position in The Boeing Company (NYSE:BA)

Mather Group LLC. cut its holdings in shares of The Boeing Company (NYSE:BA) by 30.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,910 shares of the aircraft producer’s stock after selling 1,263 shares during the quarter. Mather Group LLC.’s holdings in Boeing were worth $442,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Lazari Capital Management Inc. boosted its stake in Boeing by 55.7% in the 2nd quarter. Lazari Capital Management Inc. now owns 23,216 shares of the aircraft producer’s stock valued at $4,226,000 after purchasing an additional 8,309 shares during the period. Sanders Morris Harris LLC boosted its stake in Boeing by 869.1% in the 1st quarter. Sanders Morris Harris LLC now owns 22,775 shares of the aircraft producer’s stock valued at $4,395,000 after purchasing an additional 20,425 shares during the period. Czech National Bank boosted its stake in Boeing by 8.4% in the 3rd quarter. Czech National Bank now owns 119,243 shares of the aircraft producer’s stock valued at $18,130,000 after purchasing an additional 9,281 shares during the period. Park Avenue Securities LLC boosted its stake in Boeing by 20.7% in the 1st quarter. Park Avenue Securities LLC now owns 10,543 shares of the aircraft producer’s stock valued at $2,035,000 after purchasing an additional 1,805 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in Boeing in the 2nd quarter valued at $21,405,000. 64.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BA has been the subject of a number of recent analyst reports. TD Cowen cut their target price on Boeing from $230.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, October 1st. Stifel Nicolaus upped their target price on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft dropped their price objective on Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Jefferies Financial Group dropped their price objective on Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. Finally, Wells Fargo & Company dropped their price objective on Boeing from $119.00 to $110.00 and set an “underweight” rating for the company in a research report on Tuesday, October 1st. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Boeing presently has an average rating of “Moderate Buy” and an average price target of $206.00.

Boeing Price Performance

Shares of Boeing stock opened at $146.67 on Friday. The Boeing Company has a one year low of $146.26 and a one year high of $267.54. The stock’s 50-day moving average is $163.42 and its 200 day moving average is $174.42. The firm has a market cap of $90.04 billion, a price-to-earnings ratio of -41.32 and a beta of 1.57.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The company had revenue of $16.87 billion during the quarter, compared to the consensus estimate of $17.35 billion. Boeing’s quarterly revenue 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, sell-side analysts expect that The Boeing Company will post -4.27 EPS for the current fiscal 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.