The Boeing Company (NYSE:BA) Shares Sold by Intact Investment Management Inc.

Intact Investment Management Inc. decreased its holdings in shares of The Boeing Company (NYSE:BA) by 9.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,900 shares of the aircraft producer’s stock after selling 600 shares during the period. Intact Investment Management Inc.’s holdings in Boeing were worth $897,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in BA. Kiely Wealth Advisory Group Inc. bought a new position in shares of Boeing during the 2nd quarter valued at about $33,000. Hobbs Group Advisors LLC bought a new position in shares of Boeing during the 2nd quarter valued at about $34,000. McClarren Financial Advisors Inc. boosted its position in shares of Boeing by 451.4% during the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock valued at $37,000 after purchasing an additional 158 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Boeing by 351.1% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock valued at $39,000 after purchasing an additional 165 shares in the last quarter. Finally, 1620 Investment Advisors Inc. bought a new position in shares of Boeing during the 2nd quarter valued at about $39,000. Institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. UBS Group reduced their price objective on shares of Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. DZ Bank cut shares of Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price for the company. in a report on Tuesday, October 15th. Morgan Stanley decreased their target price on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. Stifel Nicolaus raised their target price on shares of Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Finally, Citigroup decreased 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. Three 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 issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Boeing has an average rating of “Hold” and a consensus target price of $190.37.

Boeing Stock Performance

Shares of BA opened at $155.07 on Tuesday. The firm has a market cap of $95.86 billion, a PE ratio of -12.02 and a beta of 1.57. The firm’s 50 day moving average price is $157.09 and its 200 day moving average price is $170.90. The Boeing Company has a twelve month low of $146.02 and a twelve month high of $267.54.

Boeing (NYSE:BA) last issued its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $17.81 billion. The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($3.26) earnings per share. On average, sell-side analysts anticipate that The Boeing Company will post -16.15 earnings per share for the current fiscal year.

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.