Thrivent Financial for Lutherans Cuts Holdings in The Boeing Company (NYSE:BA)

Thrivent Financial for Lutherans lessened its position in shares of The Boeing Company (NYSE:BA) by 1.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 32,055 shares of the aircraft producer’s stock after selling 591 shares during the period. Thrivent Financial for Lutherans’ holdings in Boeing were worth $4,874,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kiely Wealth Advisory Group Inc. acquired a new position in shares of Boeing during the 2nd quarter valued at $33,000. Hobbs Group Advisors LLC purchased a new stake in shares of Boeing in the second quarter worth about $34,000. Harel Insurance Investments & Financial Services Ltd. grew its stake 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. purchased a new stake in shares of Boeing during the 2nd quarter valued at about $39,000. Finally, Strategic Financial Concepts LLC acquired a new position in Boeing during the 2nd quarter worth approximately $41,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on BA shares. Citigroup lowered their price objective on shares of Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Stifel Nicolaus lifted their price target on shares of Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Benchmark reaffirmed a “buy” rating and set a $250.00 target price on shares of Boeing in a research report on Thursday, October 24th. Finally, The Goldman Sachs Group reduced their price target on Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Boeing has a consensus rating of “Hold” and an average price target of $190.37.

Boeing Stock Up 4.1 %

Shares of NYSE BA opened at $149.29 on Friday. The firm’s 50-day moving average price is $151.70 and its two-hundred day moving average price is $168.36. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $267.54. The stock has a market capitalization of $92.29 billion, a P/E ratio of -11.57 and a beta of 1.57.

Boeing (NYSE:BA) last released its quarterly earnings data 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 company had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. Boeing’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the prior year, the company earned ($3.26) EPS. As a group, equities research analysts expect that The Boeing Company will post -16.2 earnings per share for the current 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.