Amalgamated Bank Sells 1,763 Shares of The Boeing Company (NYSE:BA)

Amalgamated Bank trimmed its stake in shares of The Boeing Company (NYSE:BA) by 1.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 116,078 shares of the aircraft producer’s stock after selling 1,763 shares during the period. Amalgamated Bank’s holdings in Boeing were worth $17,648,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BA. Kiely Wealth Advisory Group Inc. purchased a new position in Boeing in the second quarter worth about $33,000. Hobbs Group Advisors LLC bought a new position in shares of Boeing in the 2nd quarter worth approximately $34,000. Harel Insurance Investments & Financial Services Ltd. boosted its holdings in shares of Boeing by 351.1% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after buying an additional 165 shares during the last quarter. 1620 Investment Advisors Inc. bought a new stake in Boeing during the second quarter valued at approximately $39,000. Finally, Strategic Financial Concepts LLC purchased a new stake in Boeing during the second quarter valued at approximately $41,000. Institutional investors own 64.82% of the company’s stock.

Boeing Price Performance

Shares of BA stock opened at $150.99 on Wednesday. The company has a market cap of $93.34 billion, a PE ratio of -11.70 and a beta of 1.57. The Boeing Company has a 1 year low of $146.02 and a 1 year high of $267.54. The stock’s 50 day simple moving average is $156.65 and its two-hundred day simple moving average is $170.77.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. The business’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($3.26) EPS. Equities research analysts expect that The Boeing Company will post -16.13 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Susquehanna cut their price objective on shares of Boeing from $210.00 to $200.00 and set a “positive” rating for the company in a research report on Thursday, October 24th. Robert W. Baird reduced their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Stifel Nicolaus lifted their price objective on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research report on Thursday, August 1st. DZ Bank cut shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a research note on Tuesday, October 15th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a research note on Thursday, October 3rd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $190.37.

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.