The Boeing Company (NYSE:BA) Shares Sold by Carret Asset Management LLC

Carret Asset Management LLC lessened its position in The Boeing Company (NYSE:BA) by 3.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,480 shares of the aircraft producer’s stock after selling 259 shares during the period. Carret Asset Management LLC’s holdings in Boeing were worth $1,289,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Frank Rimerman Advisors LLC increased its stake in Boeing by 4.6% in the third quarter. Frank Rimerman Advisors LLC now owns 2,906 shares of the aircraft producer’s stock valued at $442,000 after purchasing an additional 128 shares during the last quarter. Modera Wealth Management LLC increased its stake in shares of Boeing by 12.6% during the 3rd quarter. Modera Wealth Management LLC now owns 6,237 shares of the aircraft producer’s stock valued at $948,000 after acquiring an additional 700 shares during the last quarter. GHP Investment Advisors Inc. increased its stake in shares of Boeing by 10.2% during the 3rd quarter. GHP Investment Advisors Inc. now owns 1,347 shares of the aircraft producer’s stock valued at $205,000 after acquiring an additional 125 shares during the last quarter. NorthCrest Asset Manangement LLC boosted its position in shares of Boeing by 3.1% in the third quarter. NorthCrest Asset Manangement LLC now owns 62,188 shares of the aircraft producer’s stock worth $9,455,000 after acquiring an additional 1,882 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Boeing by 28.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 480,246 shares of the aircraft producer’s stock worth $75,072,000 after acquiring an additional 105,853 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of NYSE BA opened at $155.01 on Friday. The Boeing Company has a 1 year low of $146.02 and a 1 year high of $267.54. The stock’s 50-day simple moving average is $159.68 and its 200-day simple moving average is $171.66. The firm has a market cap of $95.16 billion, a price-to-earnings ratio of -43.66 and a beta of 1.57.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion during the quarter, compared to the consensus estimate of $17.81 billion. The firm’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($3.26) EPS. As a group, research analysts predict that The Boeing Company will post -5.35 EPS for the current year.

Analysts Set New Price Targets

BA has been the topic of a number of research analyst reports. Stifel Nicolaus lifted their price target on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, August 1st. The Goldman Sachs Group reduced their target price on Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. TD Cowen dropped their price target on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, October 14th. DZ Bank lowered Boeing from a “buy” rating to a “hold” rating and set a $152.00 price objective on the stock. in a research note on Tuesday, October 15th. Finally, UBS Group dropped their target price on shares of Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday. Three analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $191.79.

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.