The Boeing Company (NYSE:BA) Shares Sold by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC trimmed its holdings in The Boeing Company (NYSE:BA) by 14.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,666 shares of the aircraft producer’s stock after selling 3,506 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Boeing were worth $3,142,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Madison Park Capital Advisors LLC grew its position in Boeing by 4.9% during the 2nd quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock worth $219,000 after acquiring an additional 56 shares during the last quarter. Wealth Alliance Advisory Group LLC increased its stake in shares of Boeing by 1.6% in the second quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer’s stock valued at $691,000 after buying an additional 60 shares in the last quarter. Angeles Wealth Management LLC raised its holdings in shares of Boeing by 4.2% in the first quarter. Angeles Wealth Management LLC now owns 1,524 shares of the aircraft producer’s stock valued at $294,000 after buying an additional 61 shares during the last quarter. IMS Capital Management raised its holdings in shares of Boeing by 0.4% in the second quarter. IMS Capital Management now owns 16,032 shares of the aircraft producer’s stock valued at $2,759,000 after buying an additional 62 shares during the last quarter. Finally, Meeder Advisory Services Inc. lifted its position in Boeing by 0.9% during the 1st quarter. Meeder Advisory Services Inc. now owns 7,559 shares of the aircraft producer’s stock worth $1,459,000 after buying an additional 65 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BA. Benchmark restated a “buy” rating and issued a $250.00 price objective on shares of Boeing in a research report on Thursday, October 24th. The Goldman Sachs Group dropped their price objective on shares of Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Wells Fargo & Company decreased 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. Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of Boeing in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group lowered their price objective on Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $190.37.

Boeing Price Performance

NYSE:BA opened at $147.18 on Thursday. The business’s 50-day simple moving average is $156.17 and its 200-day simple moving average is $170.60. The Boeing Company has a fifty-two week low of $144.13 and a fifty-two week high of $267.54. The stock has a market capitalization of $90.99 billion, a PE ratio of -11.41 and a beta of 1.57.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter in the prior year, the firm posted ($3.26) earnings per share. The business’s quarterly revenue was down 1.5% on a year-over-year basis. On average, research analysts expect that The Boeing Company will post -16.13 earnings per share for the current year.

About Boeing

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.