Burns J W & Co. Inc. NY Has $784,000 Holdings in The Boeing Company (NYSE:BA)

Burns J W & Co. Inc. NY lowered its position in shares of The Boeing Company (NYSE:BA) by 3.8% during the third quarter, Holdings Channel reports. The fund owned 5,155 shares of the aircraft producer’s stock after selling 205 shares during the quarter. Burns J W & Co. Inc. NY’s holdings in Boeing were worth $784,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BA. Vermillion & White Wealth Management Group LLC acquired a new position in Boeing in the 4th quarter valued at approximately $26,000. Kiely Wealth Advisory Group Inc. acquired a new position in Boeing in the 2nd quarter valued at approximately $33,000. Vima LLC acquired a new position in Boeing in the 4th quarter valued at approximately $34,000. Hobbs Group Advisors LLC acquired a new position in Boeing in the 2nd quarter valued at approximately $34,000. Finally, McClarren Financial Advisors Inc. increased its stake in Boeing by 451.4% in the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock valued at $37,000 after buying an additional 158 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Up 3.0 %

Boeing stock traded up $4.48 during mid-day trading on Friday, reaching $155.00. The company had a trading volume of 6,680,591 shares, compared to its average volume of 8,022,903. The Boeing Company has a 52 week low of $149.49 and a 52 week high of $267.54. The company has a 50 day moving average of $165.48 and a 200-day moving average of $175.19. The firm has a market cap of $95.15 billion, a price-to-earnings ratio of -43.63 and a beta of 1.57.

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

Analysts Set New Price Targets

BA has been the topic of several research reports. Wells Fargo & Company dropped their price objective on shares of Boeing from $119.00 to $110.00 and set an “underweight” rating on the stock in a research note on Tuesday. UBS Group dropped their price target on shares of Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday. The Goldman Sachs Group dropped their price target on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Finally, Susquehanna restated a “positive” rating and set a $230.00 price target on shares of Boeing in a research note on Wednesday, August 14th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $206.00.

Boeing Company 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.