The Boeing Company (NYSE:BA) Shares Sold by Resources Management Corp CT ADV

Resources Management Corp CT ADV lessened its stake in The Boeing Company (NYSE:BA) by 50.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 290 shares of the aircraft producer’s stock after selling 300 shares during the quarter. Resources Management Corp CT ADV’s holdings in Boeing were worth $53,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Boeing in the 4th quarter worth $26,000. Vima LLC purchased a new stake in shares of Boeing in the fourth quarter valued at about $34,000. Accent Capital Management LLC purchased a new position in Boeing during the fourth quarter worth about $39,000. Frank Rimerman Advisors LLC acquired a new position in Boeing in the 4th quarter valued at about $48,000. Finally, Hobbs Group Advisors LLC purchased a new stake in shares of Boeing in the 2nd quarter valued at approximately $34,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on BA. Bank of America upped their price objective on Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, June 13th. UBS Group decreased their price target on Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. Stifel Nicolaus boosted their price objective on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Baird R W raised shares of Boeing to a “strong-buy” rating in a research note on Monday, June 3rd. Finally, Wells Fargo & Company restated an “underweight” rating and issued a $119.00 price objective (down from $185.00) on shares of Boeing in a report on Tuesday, September 3rd. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $209.83.

Boeing Stock Down 0.3 %

Shares of Boeing stock opened at $155.87 on Wednesday. The firm has a market capitalization of $95.69 billion, a P/E ratio of -43.91 and a beta of 1.57. The Boeing Company has a 52 week low of $151.65 and a 52 week high of $267.54. The firm’s 50 day moving average is $170.15 and its two-hundred day moving average is $176.78.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The company had revenue of $16.87 billion for the quarter, compared to analysts’ expectations of $17.35 billion. During the same quarter in the prior year, the company earned ($0.82) EPS. Boeing’s quarterly revenue was down 14.6% compared to the same quarter last year. As a group, research analysts expect that The Boeing Company will post -4.26 earnings per share for the current fiscal 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.