The Boeing Company (NYSE:BA) Shares Sold by Cravens & Co Advisors LLC

Cravens & Co Advisors LLC decreased its position in The Boeing Company (NYSE:BA) by 5.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,045 shares of the aircraft producer’s stock after selling 372 shares during the period. Cravens & Co Advisors LLC’s holdings in Boeing were worth $919,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Townsquare Capital LLC increased its position in shares of Boeing by 53.0% during the 3rd quarter. Townsquare Capital LLC now owns 83,727 shares of the aircraft producer’s stock worth $12,730,000 after purchasing an additional 29,018 shares during the last quarter. NCP Inc. raised its stake in shares of Boeing by 37.8% in the 3rd quarter. NCP Inc. now owns 13,279 shares of the aircraft producer’s stock valued at $2,019,000 after acquiring an additional 3,645 shares during the period. Cadence Bank lifted its holdings in shares of Boeing by 5.6% in the 3rd quarter. Cadence Bank now owns 3,043 shares of the aircraft producer’s stock worth $463,000 after acquiring an additional 162 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Boeing during the 3rd quarter worth approximately $1,295,000. Finally, Summit Financial Wealth Advisors LLC raised its position in Boeing by 13.4% in the third quarter. Summit Financial Wealth Advisors LLC now owns 2,538 shares of the aircraft producer’s stock valued at $386,000 after purchasing an additional 300 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Trading Down 1.6 %

Shares of NYSE BA opened at $150.72 on Wednesday. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $267.54. The stock has a 50 day moving average of $151.53 and a two-hundred day moving average of $167.88.

Boeing (NYSE:BA) last released its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the previous year, the business earned ($3.26) EPS. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, equities research analysts forecast that The Boeing Company will post -16.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Morgan Stanley dropped their price objective on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a research note on Thursday, October 24th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 3rd. Benchmark reiterated a “buy” rating and set a $250.00 target price on shares of Boeing in a report on Thursday, October 24th. Wells Fargo & Company dropped their price target on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research note on Monday, November 4th. Finally, Jefferies Financial Group decreased their target price on Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $190.11.

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.