The Boeing Company (NYSE:BA) Shares Sold by Mystic Asset Management Inc.

Mystic Asset Management Inc. lessened its stake in shares of The Boeing Company (NYSE:BA) by 1.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,429 shares of the aircraft producer’s stock after selling 299 shares during the period. Boeing accounts for approximately 1.1% of Mystic Asset Management Inc.’s investment portfolio, making the stock its 22nd biggest position. Mystic Asset Management Inc.’s holdings in Boeing were worth $2,808,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its holdings in Boeing by 1.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 4,198 shares of the aircraft producer’s stock worth $1,094,000 after acquiring an additional 50 shares during the period. Davis R M Inc. grew its stake in shares of Boeing by 1.8% during the 4th quarter. Davis R M Inc. now owns 2,943 shares of the aircraft producer’s stock worth $767,000 after purchasing an additional 52 shares during the period. Chicago Partners Investment Group LLC increased its holdings in shares of Boeing by 0.4% in the 4th quarter. Chicago Partners Investment Group LLC now owns 14,941 shares of the aircraft producer’s stock valued at $3,895,000 after purchasing an additional 56 shares in the last quarter. Madison Park Capital Advisors LLC lifted its stake in shares of Boeing by 4.9% in the second quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock valued at $219,000 after purchasing an additional 56 shares during the period. Finally, Angeles Wealth Management LLC boosted its holdings in Boeing by 4.3% during the fourth quarter. Angeles Wealth Management LLC now owns 1,463 shares of the aircraft producer’s stock worth $381,000 after buying an additional 60 shares in the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Stock Performance

BA stock opened at $156.77 on Friday. The company has a 50 day moving average price of $174.10 and a two-hundred day moving average price of $179.23. The stock has a market capitalization of $96.60 billion, a P/E ratio of -44.16 and a beta of 1.57. The Boeing Company has a one year low of $155.60 and a one year high of $267.54.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The firm had revenue of $16.87 billion during the quarter, compared to analyst estimates of $17.35 billion. The firm’s revenue was down 14.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.82) EPS. Research analysts forecast that The Boeing Company will post -4.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on BA shares. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $119.00 target price (down from $185.00) on shares of Boeing in a report on Tuesday, September 3rd. Baird R W raised Boeing to a “strong-buy” rating in a research note on Monday, June 3rd. Sanford C. Bernstein decreased their target price on Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a research report on Monday, August 5th. Susquehanna restated a “positive” rating and issued a $230.00 price target on shares of Boeing in a research report on Wednesday, August 14th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $225.00 price objective on shares of Boeing in a research report on Tuesday, June 25th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $211.29.

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.