Northwest Investment Counselors LLC Has $470,000 Stake in The Boeing Company (NYSE:BA)

Northwest Investment Counselors LLC trimmed its position in The Boeing Company (NYSE:BA) by 4.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,089 shares of the aircraft producer’s stock after selling 156 shares during the quarter. Northwest Investment Counselors LLC’s holdings in Boeing were worth $470,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Hobbs Group Advisors LLC acquired a new position in shares of Boeing in the second quarter valued at $34,000. McClarren Financial Advisors Inc. raised its stake in shares of Boeing by 451.4% in the first 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. Kiely Wealth Advisory Group Inc. bought a new stake in Boeing in the second quarter valued at $33,000. Harel Insurance Investments & Financial Services Ltd. grew its position in Boeing by 351.1% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock valued at $39,000 after acquiring an additional 165 shares during the period. Finally, 1620 Investment Advisors Inc. bought a new stake in Boeing in the second quarter valued at $39,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Performance

NYSE:BA traded up $3.92 during mid-day trading on Monday, hitting $158.92. The company had a trading volume of 10,561,967 shares, compared to its average volume of 8,072,441. The Boeing Company has a fifty-two week low of $146.02 and a fifty-two week high of $267.54. The business’s fifty day moving average is $161.10 and its two-hundred day moving average is $172.44. The firm has a market cap of $97.56 billion, a P/E ratio of -45.58 and a beta of 1.57.

Boeing (NYSE:BA) last released its quarterly earnings results 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 firm had revenue of $16.87 billion during the quarter, compared to the consensus estimate of $17.35 billion. Boeing’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.82) earnings per share. Equities analysts forecast that The Boeing Company will post -5.35 earnings per share for the current year.

Analysts Set New Price Targets

BA has been the topic of a number of analyst reports. The Goldman Sachs Group lowered their price target on Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. TD Cowen lowered their price target on Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Wells Fargo & Company lowered their price target on Boeing from $110.00 to $109.00 and set an “underweight” rating on the stock in a research report on Monday, October 14th. Morgan Stanley lowered their price target on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Friday. Finally, JPMorgan Chase & Co. lowered their price target on Boeing from $235.00 to $195.00 and set an “overweight” rating on the stock in a research report on Monday, October 14th. Three equities 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $198.79.

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.