Boltwood Capital Management Has $560,000 Stock Position in The Boeing Company (NYSE:BA)

Boltwood Capital Management cut its stake in The Boeing Company (NYSE:BA) by 8.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,683 shares of the aircraft producer’s stock after selling 350 shares during the period. Boltwood Capital Management’s holdings in Boeing were worth $560,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of BA. KBC Group NV grew its holdings in Boeing by 8.2% during the 4th quarter. KBC Group NV now owns 39,196 shares of the aircraft producer’s stock worth $10,217,000 after acquiring an additional 2,977 shares during the last quarter. Capital International Sarl increased its holdings in shares of Boeing by 10.8% in the fourth quarter. Capital International Sarl now owns 24,498 shares of the aircraft producer’s stock valued at $6,386,000 after purchasing an additional 2,397 shares in the last quarter. Crossmark Global Holdings Inc. raised its position in Boeing by 5.8% in the 4th quarter. Crossmark Global Holdings Inc. now owns 14,709 shares of the aircraft producer’s stock worth $3,834,000 after purchasing an additional 811 shares during the last quarter. Annex Advisory Services LLC boosted its position in Boeing by 61.7% in the 4th quarter. Annex Advisory Services LLC now owns 2,468 shares of the aircraft producer’s stock valued at $643,000 after buying an additional 942 shares during the last quarter. Finally, Cetera Advisor Networks LLC boosted its position in Boeing by 13.6% in the 4th quarter. Cetera Advisor Networks LLC now owns 120,736 shares of the aircraft producer’s stock valued at $31,471,000 after buying an additional 14,459 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Down 0.9 %

Shares of Boeing stock opened at $152.89 on Thursday. The firm’s 50-day moving average price is $166.80 and its two-hundred day moving average price is $175.54. The company has a market capitalization of $93.86 billion, a price-to-earnings ratio of -43.07 and a beta of 1.57. The Boeing Company has a 12-month low of $149.49 and a 12-month high of $267.54.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The company had revenue of $16.87 billion for the quarter, compared to analyst estimates of $17.35 billion. During the same quarter last year, the business earned ($0.82) earnings per share. Boeing’s revenue was down 14.6% compared to the same quarter last year. On average, sell-side analysts expect that The Boeing Company will post -4.27 earnings per share for the current year.

Wall Street Analyst Weigh In

BA has been the topic of several research reports. TD Cowen cut their price target on Boeing from $230.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a research note on Thursday. UBS Group dropped their price objective on shares of Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a report on Friday, June 7th. Wells Fargo & Company dropped their target price on Boeing from $119.00 to $110.00 and set an “underweight” rating on the stock in a research report on Tuesday. 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 research note on Tuesday, September 24th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and an average target price of $206.00.

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.