Crescent Grove Advisors LLC Trims Stake in The Boeing Company (NYSE:BA)

Crescent Grove Advisors LLC lessened its holdings in shares of The Boeing Company (NYSE:BA) by 4.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,273 shares of the aircraft producer’s stock after selling 97 shares during the quarter. Crescent Grove Advisors LLC’s holdings in Boeing were worth $346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of BA. Kiely Wealth Advisory Group Inc. bought a new stake in Boeing during the 2nd quarter worth approximately $33,000. Hobbs Group Advisors LLC bought a new stake in shares of Boeing during the 2nd quarter valued at $34,000. Harel Insurance Investments & Financial Services Ltd. lifted its stake 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 buying an additional 165 shares in the last quarter. 1620 Investment Advisors Inc. bought a new position in Boeing in the 2nd quarter worth $39,000. Finally, Strategic Financial Concepts LLC purchased a new stake in Boeing in the 2nd quarter worth $41,000. Institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 2.5 %

BA stock opened at $147.18 on Thursday. The Boeing Company has a twelve month low of $144.13 and a twelve month high of $267.54. The stock has a market capitalization of $90.99 billion, a price-to-earnings ratio of -11.41 and a beta of 1.57. The firm’s fifty day simple moving average is $156.17 and its two-hundred day simple moving average is $170.60.

Boeing (NYSE:BA) last issued its quarterly 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 company had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. The company’s revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($3.26) EPS. As a group, equities research analysts expect that The Boeing Company will post -16.13 EPS for the current year.

Wall Street Analysts Forecast Growth

BA has been the topic of several research analyst reports. Wells Fargo & Company lowered their price objective on Boeing from $86.00 to $85.00 and set an “underweight” rating on the stock in a research report on Monday. Stifel Nicolaus upped their price target on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. The Goldman Sachs Group reduced their price objective on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Citigroup dropped their target price on shares of Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Finally, Robert W. Baird reduced their price target on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $190.37.

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.