The Boeing Company (NYSE:BA) Shares Sold by Vestor Capital LLC

Vestor Capital LLC lessened its holdings in shares of The Boeing Company (NYSE:BA) by 5.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,984 shares of the aircraft producer’s stock after selling 185 shares during the period. Vestor Capital LLC’s holdings in Boeing were worth $454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Old North State Wealth Management LLC lifted its holdings in shares of Boeing by 1.6% in the 3rd quarter. Old North State Wealth Management LLC now owns 19,757 shares of the aircraft producer’s stock valued at $3,004,000 after buying an additional 305 shares during the period. Ground Swell Capital LLC purchased a new position in Boeing during the third quarter valued at approximately $275,000. KG&L Capital Management LLC lifted its holdings in Boeing by 3.8% in the third quarter. KG&L Capital Management LLC now owns 31,961 shares of the aircraft producer’s stock valued at $4,867,000 after acquiring an additional 1,165 shares during the period. Forum Financial Management LP boosted its position in Boeing by 12.0% in the 3rd quarter. Forum Financial Management LP now owns 5,929 shares of the aircraft producer’s stock worth $901,000 after purchasing an additional 634 shares in the last quarter. Finally, Angeles Wealth Management LLC grew its stake in shares of Boeing by 47.9% during the 3rd quarter. Angeles Wealth Management LLC now owns 2,501 shares of the aircraft producer’s stock worth $380,000 after purchasing an additional 810 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Price Performance

BA stock opened at $154.81 on Monday. The Boeing Company has a 1 year low of $146.02 and a 1 year high of $267.54. The firm has a market capitalization of $95.70 billion, a PE ratio of -11.98 and a beta of 1.57. The business has a 50 day simple moving average of $157.46 and a 200-day simple moving average of $171.01.

Boeing (NYSE:BA) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the prior year, the firm posted ($3.26) EPS. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, equities research analysts expect that The Boeing Company will post -16.15 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. The Goldman Sachs Group lowered their price target on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Citigroup dropped their target price on Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Sanford C. Bernstein cut Boeing from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $195.00 to $169.00 in a report on Wednesday, October 30th. Morgan Stanley dropped their price objective on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. Finally, Stifel Nicolaus upped their target price on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Three analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $190.42.

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.