The Boeing Company (NYSE:BA) Position Reduced by Stratos Investment Management LLC

Stratos Investment Management LLC reduced its stake in shares of The Boeing Company (NYSE:BA) by 87.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,411 shares of the aircraft producer’s stock after selling 22,861 shares during the period. Stratos Investment Management LLC’s holdings in Boeing were worth $519,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of BA. Kiely Wealth Advisory Group Inc. bought a new stake in Boeing during the second quarter valued at $33,000. Hobbs Group Advisors LLC acquired a new position in shares of Boeing in the 2nd quarter valued at about $34,000. McClarren Financial Advisors Inc. grew its position in shares of Boeing by 451.4% during 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 last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in Boeing by 351.1% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after acquiring an additional 165 shares during the period. Finally, 1620 Investment Advisors Inc. bought a new position in Boeing in the second quarter worth about $39,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Susquehanna lowered their target price on Boeing from $230.00 to $210.00 and set a “positive” rating for the company in a report on Thursday. Stifel Nicolaus increased their target price on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Jefferies Financial Group cut their price objective on shares of Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research report on Monday, September 23rd. JPMorgan Chase & Co. dropped their price target on shares of Boeing from $235.00 to $195.00 and set an “overweight” rating on the stock in a research note on Monday, October 14th. Finally, TD Cowen decreased their price objective on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Boeing presently has a consensus rating of “Moderate Buy” and an average target price of $198.79.

Boeing Stock Performance

NYSE BA opened at $155.00 on Friday. The Boeing Company has a 1 year low of $146.02 and a 1 year high of $267.54. The business’s fifty day moving average is $161.10 and its two-hundred day moving average is $172.53. The stock has a market capitalization of $95.15 billion, a P/E ratio of -43.66 and a beta of 1.57.

Boeing (NYSE:BA) last announced its 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 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% compared to the same quarter last year. During the same period last year, the company posted ($0.82) earnings per share. On average, research analysts forecast that The Boeing Company will post -5.35 earnings per share for the current year.

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.