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

Delta Investment Management LLC lowered its position in shares of The Boeing Company (NYSE:BA) by 4.6% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 1,731 shares of the aircraft producer’s stock after selling 84 shares during the quarter. Delta Investment Management LLC’s holdings in Boeing were worth $315,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BA. Brio Consultants LLC acquired a new stake in Boeing during the 4th quarter worth about $207,000. Gryphon Financial Partners LLC acquired a new position in shares of Boeing in the 4th quarter valued at about $258,000. Franklin Resources Inc. lifted its holdings in shares of Boeing by 3.6% in the 4th quarter. Franklin Resources Inc. now owns 38,330 shares of the aircraft producer’s stock valued at $9,991,000 after buying an additional 1,325 shares during the period. TD Asset Management Inc lifted its holdings in shares of Boeing by 37.3% in the 4th quarter. TD Asset Management Inc now owns 352,320 shares of the aircraft producer’s stock valued at $91,836,000 after buying an additional 95,700 shares during the period. Finally, Weiss Asset Management LP acquired a new position in shares of Boeing in the 4th quarter valued at about $299,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Trading Up 1.6 %

NYSE:BA opened at $154.58 on Friday. The Boeing Company has a 12 month low of $151.65 and a 12 month high of $267.54. The stock has a 50 day moving average of $169.50 and a two-hundred day moving average of $176.61. The firm has a market cap of $94.89 billion, a P/E ratio of -43.54 and a beta of 1.57.

Boeing (NYSE:BA) last posted its quarterly earnings data 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 business had revenue of $16.87 billion during the quarter, compared to the consensus estimate of $17.35 billion. During the same period in the prior year, the business posted ($0.82) EPS. The company’s quarterly revenue was down 14.6% compared to the same quarter last year. On average, research analysts forecast that The Boeing Company will post -4.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Sanford C. Bernstein decreased their price objective on Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a report on Monday, August 5th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $225.00 price objective on shares of Boeing in a report on Tuesday, June 25th. The Goldman Sachs Group decreased their price objective on Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a report on Tuesday. Baird R W raised Boeing to a “strong-buy” rating in a report on Monday, June 3rd. Finally, Stifel Nicolaus lifted their price target on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $209.83.

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.