Crossmark Global Holdings Inc. Cuts Stock Holdings in The Boeing Company (NYSE:BA)

Crossmark Global Holdings Inc. lowered its stake in shares of The Boeing Company (NYSE:BA) by 2.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,153 shares of the aircraft producer’s stock after selling 383 shares during the period. Crossmark Global Holdings Inc.’s holdings in Boeing were worth $2,152,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Lazari Capital Management Inc. increased its position in shares of Boeing by 55.7% in the second quarter. Lazari Capital Management Inc. now owns 23,216 shares of the aircraft producer’s stock worth $4,226,000 after acquiring an additional 8,309 shares in the last quarter. Czech National Bank increased its position in shares of Boeing by 8.4% in the third quarter. Czech National Bank now owns 119,243 shares of the aircraft producer’s stock worth $18,130,000 after acquiring an additional 9,281 shares in the last quarter. BSN CAPITAL PARTNERS Ltd acquired a new stake in shares of Boeing in the third quarter worth $11,237,000. Sanctuary Advisors LLC acquired a new stake in shares of Boeing in the second quarter worth $21,405,000. Finally, SpiderRock Advisors LLC increased its position in shares of Boeing by 49.0% in the third quarter. SpiderRock Advisors LLC now owns 86,115 shares of the aircraft producer’s stock worth $13,093,000 after acquiring an additional 28,317 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Performance

Boeing stock opened at $145.17 on Wednesday. The firm’s 50-day moving average is $154.81 and its 200-day moving average is $170.26. The Boeing Company has a 1 year low of $143.85 and a 1 year high of $267.54. The company has a market cap of $89.74 billion, a P/E ratio of -11.25 and a beta of 1.57.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the prior year, the firm posted ($3.26) EPS. The business’s revenue was down 1.5% on a year-over-year basis. As a group, sell-side analysts predict that The Boeing Company will post -16.09 earnings per share for the current year.

Analysts Set New Price Targets

BA has been the subject of several recent research reports. TD Cowen dropped their price objective on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, October 14th. UBS Group lowered their price target on shares of Boeing from $215.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Wells Fargo & Company lowered their price target on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a report on Monday, November 4th. Finally, Jefferies Financial Group lowered their price target on shares of Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.