Ashton Thomas Private Wealth LLC Has $1.56 Million Position in The Boeing Company (NYSE:BA)

Ashton Thomas Private Wealth LLC cut its holdings in The Boeing Company (NYSE:BA) by 19.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,254 shares of the aircraft producer’s stock after selling 2,421 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Boeing were worth $1,559,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Van ECK Associates Corp boosted its holdings in shares of Boeing by 122.0% in the third quarter. Van ECK Associates Corp now owns 2,277,548 shares of the aircraft producer’s stock valued at $357,712,000 after buying an additional 1,251,456 shares during the period. International Assets Investment Management LLC boosted its stake in Boeing by 289.8% in the 3rd quarter. International Assets Investment Management LLC now owns 1,682,970 shares of the aircraft producer’s stock worth $2,558,790,000 after purchasing an additional 1,251,165 shares during the period. Vanguard Group Inc. increased its holdings in Boeing by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock worth $9,596,383,000 after purchasing an additional 1,222,816 shares in the last quarter. Wulff Hansen & CO. raised its stake in shares of Boeing by 15,039.0% in the 2nd quarter. Wulff Hansen & CO. now owns 967,383 shares of the aircraft producer’s stock valued at $176,073,000 after purchasing an additional 960,993 shares during the period. Finally, Newport Trust Company LLC lifted its holdings in shares of Boeing by 1.2% in the second quarter. Newport Trust Company LLC now owns 31,640,184 shares of the aircraft producer’s stock valued at $5,758,830,000 after purchasing an additional 388,633 shares in the last quarter. 64.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BA shares. 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. The Goldman Sachs Group lowered their price objective 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. TD Cowen cut their price objective on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $200.00 target price on shares of Boeing in a research report on Wednesday, October 30th. Finally, Morgan Stanley cut their price target on shares of Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $190.37.

Boeing Trading Down 3.6 %

BA opened at $139.98 on Thursday. The company has a market cap of $86.54 billion, a P/E ratio of -10.85 and a beta of 1.57. The company has a fifty day moving average price of $154.49 and a two-hundred day moving average price of $170.11. The Boeing Company has a 1-year low of $139.10 and a 1-year high of $267.54.

Boeing (NYSE:BA) last released its quarterly earnings data 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 firm had revenue of $17.84 billion during the quarter, compared to analysts’ expectations of $17.81 billion. During the same period last year, the company posted ($3.26) EPS. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. On average, research analysts forecast that The Boeing Company will post -16.09 EPS 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.