Natixis Advisors LLC Sells 67,763 Shares of The Boeing Company (NYSE:BA)

Natixis Advisors LLC reduced its stake in The Boeing Company (NYSE:BA) by 4.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 1,325,065 shares of the aircraft producer’s stock after selling 67,763 shares during the quarter. Natixis Advisors LLC’s holdings in Boeing were worth $201,463,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Kiely Wealth Advisory Group Inc. bought a new stake in Boeing during the second quarter worth $33,000. Hobbs Group Advisors LLC acquired a new position in shares of Boeing in the second quarter valued at about $34,000. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Boeing by 351.1% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock valued at $39,000 after buying an additional 165 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new stake in shares of Boeing during the 2nd quarter worth $39,000. Finally, Strategic Financial Concepts LLC bought a new stake in Boeing during the second quarter worth $41,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on BA shares. TD Cowen lowered their target price on Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a report on Monday, October 14th. Benchmark reissued a “buy” rating and issued a $250.00 price objective on shares of Boeing in a research note on Thursday, October 24th. The Goldman Sachs Group lowered their target price on shares of Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of Boeing in a research note on Wednesday, October 30th. Finally, UBS Group decreased their target price on Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Boeing currently has an average rating of “Hold” and an average target price of $190.37.

Boeing Price Performance

Shares of NYSE:BA opened at $140.19 on Friday. The firm has a market capitalization of $86.67 billion, a PE ratio of -10.87 and a beta of 1.57. The business has a 50 day simple moving average of $153.20 and a two-hundred day simple moving average of $169.44. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $267.54.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The company had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. Boeing’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($3.26) earnings per share. Equities research analysts expect that The Boeing Company will post -16.09 EPS for the current fiscal year.

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.