Trinity Legacy Partners LLC Cuts Stock Position in The Boeing Company (NYSE:BA)

Trinity Legacy Partners LLC decreased its position in shares of The Boeing Company (NYSE:BA) by 6.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,366 shares of the aircraft producer’s stock after selling 100 shares during the period. Trinity Legacy Partners LLC’s holdings in Boeing were worth $249,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC purchased a new stake in shares of Boeing during the 4th quarter valued at $26,000. Vima LLC purchased a new stake in Boeing in the fourth quarter valued at about $34,000. Accent Capital Management LLC acquired a new stake in Boeing in the fourth quarter worth about $39,000. Frank Rimerman Advisors LLC acquired a new stake in Boeing in the fourth quarter worth about $48,000. Finally, Hobbs Group Advisors LLC purchased a new stake in shares of Boeing during the second quarter worth about $34,000. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 0.3 %

BA opened at $155.87 on Wednesday. The company has a fifty day moving average of $170.15 and a two-hundred day moving average of $176.78. The Boeing Company has a fifty-two week low of $151.65 and a fifty-two week high of $267.54.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The firm had revenue of $16.87 billion during the quarter, compared to analysts’ expectations of $17.35 billion. The firm’s revenue for the quarter was down 14.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.82) EPS. Sell-side analysts predict that The Boeing Company will post -4.27 earnings per share for the current fiscal year.

Analyst Ratings Changes

BA has been the subject of several research analyst reports. UBS Group decreased their price objective on shares of Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Baird R W raised shares of Boeing to a “strong-buy” rating in a report on Monday, June 3rd. 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. Jefferies Financial Group reduced their target price on Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research note on Monday. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and set a $119.00 price target (down previously from $185.00) on shares of Boeing in a research 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 given a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $209.83.

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.