Axa S.A. Has $1.69 Million Position in The Boeing Company (NYSE:BA)

Axa S.A. cut its position in The Boeing Company (NYSE:BA) by 55.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,309 shares of the aircraft producer’s stock after selling 11,552 shares during the quarter. Axa S.A.’s holdings in Boeing were worth $1,694,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in BA. Vermillion & White Wealth Management Group LLC bought a new position in Boeing during the fourth quarter worth about $26,000. Kiely Wealth Advisory Group Inc. acquired a new position in shares of Boeing during the 2nd quarter worth approximately $33,000. Vima LLC acquired a new position in shares of Boeing during the 4th quarter worth approximately $34,000. Hobbs Group Advisors LLC bought a new position in shares of Boeing during the second quarter worth approximately $34,000. Finally, McClarren Financial Advisors Inc. raised its position in shares of Boeing by 451.4% in the first 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 in the last quarter. Institutional investors own 64.82% of the company’s stock.

Boeing Trading Down 2.7 %

Shares of BA opened at $152.03 on Tuesday. The stock’s 50-day moving average price is $167.99 and its two-hundred day moving average price is $175.90. The Boeing Company has a 12 month low of $151.24 and a 12 month high of $267.54. The company has a market capitalization of $93.33 billion, a PE ratio of -42.83 and a beta of 1.57.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The company had revenue of $16.87 billion during the quarter, compared to the consensus estimate of $17.35 billion. Boeing’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.82) earnings per share. Equities research analysts predict that The Boeing Company will post -4.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on BA. Stifel Nicolaus raised their price objective on Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Wells Fargo & Company reaffirmed an “underweight” rating and issued a $119.00 price target (down previously from $185.00) on shares of Boeing in a research note on Tuesday, September 3rd. Jefferies Financial Group decreased their target price on shares of Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a report on Monday, September 23rd. Robert W. Baird dropped their target price on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research report on Monday, June 3rd. Finally, Baird R W upgraded shares of Boeing to a “strong-buy” rating in a research report on Monday, June 3rd. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $209.83.

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.