Signaturefd LLC Has $1.36 Million Stock Holdings in The Boeing Company (NYSE:BA)

Signaturefd LLC lowered its stake in shares of The Boeing Company (NYSE:BA) by 13.4% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,972 shares of the aircraft producer’s stock after selling 1,388 shares during the period. Signaturefd LLC’s holdings in Boeing were worth $1,364,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BA. Hobbs Group Advisors LLC purchased a new position in Boeing in the second quarter valued at about $34,000. McClarren Financial Advisors Inc. lifted its holdings 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. Kiely Wealth Advisory Group Inc. bought a new stake in shares of Boeing in the 2nd quarter valued at approximately $33,000. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Boeing by 351.1% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after buying an additional 165 shares during the last quarter. Finally, 1620 Investment Advisors Inc. bought a new position in Boeing during the second quarter valued at approximately $39,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on BA shares. Sanford C. Bernstein decreased their target price on shares of Boeing from $207.00 to $195.00 and set an “outperform” rating for the company in a research report on Thursday, October 17th. DZ Bank lowered Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price on the stock. in a report on Tuesday, October 15th. Susquehanna reduced their price target on Boeing from $230.00 to $210.00 and set a “positive” rating for the company in a research report on Thursday, October 17th. Morgan Stanley lowered their price objective on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a report on Friday, October 18th. Finally, The Goldman Sachs Group reduced their target price on Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Boeing currently has an average rating of “Moderate Buy” and an average target price of $198.79.

Boeing Stock Down 1.8 %

Boeing stock opened at $157.06 on Thursday. The Boeing Company has a 12 month low of $146.02 and a 12 month high of $267.54. The stock has a market cap of $96.42 billion, a price-to-earnings ratio of -44.24 and a beta of 1.57. The business has a 50 day moving average price of $160.61 and a two-hundred day moving average price of $172.01.

Boeing (NYSE:BA) last posted 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 quarter in the prior year, the company earned ($0.82) EPS. Boeing’s quarterly revenue was down 14.6% on a year-over-year basis. On average, analysts expect that The Boeing Company will post -5.35 earnings per share 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.