The Boeing Company (NYSE:BA) Shares Sold by Certified Advisory Corp

Certified Advisory Corp reduced its stake in shares of The Boeing Company (NYSE:BA) by 1.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,325 shares of the aircraft producer’s stock after selling 84 shares during the period. Certified Advisory Corp’s holdings in Boeing were worth $658,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Jennison Associates LLC raised its position in Boeing by 9.9% during the 3rd quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock worth $1,018,775,000 after buying an additional 602,143 shares during the last quarter. ING Groep NV acquired a new stake in shares of Boeing in the third quarter worth $11,679,000. Lazari Capital Management Inc. raised its holdings in shares of Boeing by 55.7% during the second quarter. Lazari Capital Management Inc. now owns 23,216 shares of the aircraft producer’s stock worth $4,226,000 after purchasing an additional 8,309 shares during the last quarter. Atlanta Consulting Group Advisors LLC lifted its position in Boeing by 537.6% during the third quarter. Atlanta Consulting Group Advisors LLC now owns 7,524 shares of the aircraft producer’s stock valued at $1,144,000 after purchasing an additional 6,344 shares during the period. Finally, Patten & Patten Inc. TN boosted its holdings in Boeing by 19.8% in the third quarter. Patten & Patten Inc. TN now owns 24,603 shares of the aircraft producer’s stock valued at $3,741,000 after purchasing an additional 4,065 shares during the last quarter. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Trading Up 4.1 %

NYSE:BA opened at $149.29 on Friday. The company has a market cap of $92.29 billion, a P/E ratio of -11.57 and a beta of 1.57. The Boeing Company has a twelve month low of $137.03 and a twelve month high of $267.54. The company’s 50-day moving average price is $151.70 and its 200-day moving average price is $168.36.

Boeing (NYSE:BA) last released its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter last year, the business earned ($3.26) earnings per share. Boeing’s quarterly revenue was down 1.5% on a year-over-year basis. On average, analysts expect that The Boeing Company will post -16.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Robert W. Baird reduced their price objective on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday, October 24th. The Goldman Sachs Group dropped their price objective 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. Benchmark reiterated a “buy” rating and issued a $250.00 target price on shares of Boeing in a research note on Thursday, October 24th. Citigroup dropped their price target on shares of Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Boeing from $235.00 to $195.00 and set an “overweight” rating for the company in a research report on Monday, October 14th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $190.37.

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.