HBW Advisory Services LLC Trims Stock Position in The Boeing Company (NYSE:BA)

HBW Advisory Services LLC lessened its holdings in The Boeing Company (NYSE:BA) by 49.5% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,329 shares of the aircraft producer’s stock after selling 1,302 shares during the period. HBW Advisory Services LLC’s holdings in Boeing were worth $242,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. SouthState Corp boosted its holdings in shares of Boeing by 2.7% during the 4th quarter. SouthState Corp now owns 1,891 shares of the aircraft producer’s stock worth $493,000 after purchasing an additional 50 shares during the last quarter. JFS Wealth Advisors LLC boosted its stake in Boeing by 2.0% during the fourth quarter. JFS Wealth Advisors LLC now owns 2,536 shares of the aircraft producer’s stock worth $661,000 after buying an additional 50 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Boeing by 1.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 4,198 shares of the aircraft producer’s stock valued at $1,094,000 after buying an additional 50 shares in the last quarter. Kornitzer Capital Management Inc. KS increased its stake in shares of Boeing by 1.7% in the 4th quarter. Kornitzer Capital Management Inc. KS now owns 3,077 shares of the aircraft producer’s stock worth $802,000 after acquiring an additional 52 shares during the last quarter. Finally, Davis R M Inc. raised its holdings in shares of Boeing by 1.8% during the 4th quarter. Davis R M Inc. now owns 2,943 shares of the aircraft producer’s stock worth $767,000 after acquiring an additional 52 shares during the period. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

NYSE BA traded down $2.00 during trading on Tuesday, reaching $165.03. The company’s stock had a trading volume of 5,812,304 shares, compared to its average volume of 8,208,652. The Boeing Company has a twelve month low of $159.70 and a twelve month high of $267.54. The business’s fifty day moving average price is $181.72 and its 200-day moving average price is $186.85. The firm has a market cap of $101.69 billion, a price-to-earnings ratio of -46.49 and a beta of 1.56.

Boeing (NYSE:BA) last released its 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 business had revenue of $16.87 billion during the quarter, compared to the consensus estimate of $17.35 billion. During the same period in the prior year, the business posted ($0.82) earnings per share. The business’s revenue for the quarter was down 14.6% compared to the same quarter last year. As a group, sell-side analysts forecast that The Boeing Company will post -2.38 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

BA has been the subject of several recent analyst reports. Bank of America raised their price objective on shares of Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, June 13th. Royal Bank of Canada reduced their price target on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 16th. Baird R W raised Boeing to a “strong-buy” rating in a research note on Monday, June 3rd. UBS Group reduced their price target on shares of Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. Finally, Morgan Stanley dropped their target price on shares of Boeing from $235.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, April 10th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $215.18.

Boeing Company 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.