The Boeing Company (NYSE:BA) Shares Sold by Marco Investment Management LLC

Marco Investment Management LLC decreased its position in shares of The Boeing Company (NYSE:BA) by 13.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,366 shares of the aircraft producer’s stock after selling 216 shares during the period. Marco Investment Management LLC’s holdings in Boeing were worth $208,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Larson Financial Group LLC lifted its position in shares of Boeing by 10.8% during the third quarter. Larson Financial Group LLC now owns 16,324 shares of the aircraft producer’s stock worth $2,482,000 after purchasing an additional 1,589 shares in the last quarter. Penserra Capital Management LLC lifted its holdings in Boeing by 17.5% during the 3rd quarter. Penserra Capital Management LLC now owns 4,856 shares of the aircraft producer’s stock worth $738,000 after buying an additional 724 shares in the last quarter. KKM Financial LLC boosted its position in Boeing by 4.7% in the 3rd quarter. KKM Financial LLC now owns 10,193 shares of the aircraft producer’s stock valued at $1,550,000 after buying an additional 456 shares during the period. CMG Global Holdings LLC increased its position in shares of Boeing by 16.7% during the third quarter. CMG Global Holdings LLC now owns 16,190 shares of the aircraft producer’s stock worth $2,462,000 after acquiring an additional 2,316 shares during the period. Finally, Cerity Partners LLC raised its stake in shares of Boeing by 6.6% in the third quarter. Cerity Partners LLC now owns 112,288 shares of the aircraft producer’s stock valued at $17,072,000 after acquiring an additional 6,962 shares in the last quarter. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on BA shares. Morgan Stanley cut their price target on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Thursday, October 24th. The Goldman Sachs Group reduced their target price 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. Robert W. Baird lowered their price target on shares of Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Finally, TD Cowen lowered their target price on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, October 14th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $190.37.

Boeing Price Performance

BA stock opened at $149.29 on Monday. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $267.54. The company has a market cap of $92.29 billion, a price-to-earnings ratio of -11.57 and a beta of 1.57. The company has a fifty day moving average price of $151.70 and a 200 day moving average price of $168.27.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same period last year, the firm earned ($3.26) earnings per share. The business’s revenue was down 1.5% on a year-over-year basis. As a group, analysts anticipate that The Boeing Company will post -16.2 earnings per share for the current year.

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.