The Boeing Company (NYSE:BA) Shares Sold by JNBA Financial Advisors

JNBA Financial Advisors trimmed its holdings in shares of The Boeing Company (NYSE:BA) by 56.8% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 433 shares of the aircraft producer’s stock after selling 570 shares during the period. JNBA Financial Advisors’ holdings in Boeing were worth $66,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of BA. Lazari Capital Management Inc. boosted its holdings in shares of Boeing by 55.7% in the second quarter. Lazari Capital Management Inc. now owns 23,216 shares of the aircraft producer’s stock valued at $4,226,000 after acquiring an additional 8,309 shares in the last quarter. Czech National Bank boosted its stake in Boeing by 8.4% during 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 in the last quarter. BSN CAPITAL PARTNERS Ltd acquired a new position in shares of Boeing during the 3rd quarter valued at $11,237,000. Sanctuary Advisors LLC bought a new stake in shares of Boeing in the 2nd quarter worth $21,405,000. Finally, Canal Insurance CO acquired a new stake in shares of Boeing in the third quarter valued at $1,520,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on BA shares. UBS Group dropped their price target on shares of Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Stifel Nicolaus increased their target price on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Citigroup reduced their target price on shares of Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 price target on shares of Boeing in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. reduced their price objective on Boeing from $235.00 to $195.00 and set an “overweight” rating for the company in a research note on Monday, October 14th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $190.37.

Boeing Stock Down 2.5 %

Shares of NYSE:BA opened at $147.18 on Thursday. The Boeing Company has a 12-month low of $144.13 and a 12-month high of $267.54. The firm has a market capitalization of $90.99 billion, a P/E ratio of -11.41 and a beta of 1.57. The firm has a fifty day moving average of $156.17 and a two-hundred day moving average of $170.60.

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