Stratos Investment Management LLC Has $519,000 Position in The Boeing Company (NYSE:BA)

Stratos Investment Management LLC lessened its holdings in The Boeing Company (NYSE:BA) by 87.0% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,411 shares of the aircraft producer’s stock after selling 22,861 shares during the quarter. Stratos Investment Management LLC’s holdings in Boeing were worth $519,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Kiely Wealth Advisory Group Inc. purchased a new stake in Boeing in the 2nd quarter worth approximately $33,000. Hobbs Group Advisors LLC acquired a new position in shares of Boeing in the second quarter worth $34,000. McClarren Financial Advisors Inc. raised its holdings in shares of Boeing by 451.4% during the first quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after acquiring an additional 158 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Boeing by 351.1% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after acquiring an additional 165 shares in the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in Boeing during the second quarter valued at $39,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 0.2 %

BA stock opened at $155.00 on Friday. The Boeing Company has a twelve month low of $146.02 and a twelve month high of $267.54. The company has a market cap of $95.15 billion, a PE ratio of -43.66 and a beta of 1.57. The business’s 50-day simple moving average is $161.10 and its 200 day simple moving average is $172.53.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The firm had revenue of $16.87 billion during the quarter, compared to the consensus estimate of $17.35 billion. The company’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.82) earnings per share. On average, equities research analysts anticipate that The Boeing Company will post -5.35 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on BA. Wells Fargo & Company cut their price target on Boeing from $110.00 to $109.00 and set an “underweight” rating for the company in a research note on Monday, October 14th. JPMorgan Chase & Co. reduced their target price on shares of Boeing from $235.00 to $195.00 and set an “overweight” rating for the company in a research note on Monday, October 14th. Susquehanna cut their price target on shares of Boeing from $230.00 to $210.00 and set a “positive” rating on the stock in a report on Thursday. Sanford C. Bernstein decreased their price objective on shares of Boeing from $207.00 to $195.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Citigroup lowered their target price on shares of Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $198.79.

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.