Intellectus Partners LLC Has $273,000 Stock Holdings in The Boeing Company (NYSE:BA)

Intellectus Partners LLC reduced its stake in shares of The Boeing Company (NYSE:BA) by 12.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,797 shares of the aircraft producer’s stock after selling 250 shares during the quarter. Intellectus Partners LLC’s holdings in Boeing were worth $273,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Van ECK Associates Corp raised its position in Boeing by 122.0% in the 3rd quarter. Van ECK Associates Corp now owns 2,277,548 shares of the aircraft producer’s stock valued at $357,712,000 after buying an additional 1,251,456 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Boeing by 289.8% during the 3rd quarter. International Assets Investment Management LLC now owns 1,682,970 shares of the aircraft producer’s stock worth $2,558,790,000 after acquiring an additional 1,251,165 shares in the last quarter. Wulff Hansen & CO. raised its holdings in shares of Boeing by 15,039.0% in the second quarter. Wulff Hansen & CO. now owns 967,383 shares of the aircraft producer’s stock valued at $176,073,000 after purchasing an additional 960,993 shares during the last quarter. Newport Trust Company LLC lifted its position in shares of Boeing by 1.2% in the second quarter. Newport Trust Company LLC now owns 31,640,184 shares of the aircraft producer’s stock worth $5,758,830,000 after purchasing an additional 388,633 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in Boeing by 79.0% during the first quarter. Canada Pension Plan Investment Board now owns 726,254 shares of the aircraft producer’s stock worth $140,160,000 after purchasing an additional 320,502 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on BA shares. Benchmark reiterated a “buy” rating and issued a $250.00 price target on shares of Boeing in a research note on Thursday, October 24th. Wells Fargo & Company reduced their price target on Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a research report on Monday, November 4th. Citigroup lowered their price target on Boeing from $224.00 to $209.00 and set a “buy” rating on the stock in a research report on Tuesday, October 15th. Morgan Stanley cut their price objective on Boeing from $195.00 to $170.00 and set an “equal weight” rating for the company in a report on Thursday, October 24th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $190.37.

Boeing Stock Up 1.5 %

BA stock opened at $140.18 on Friday. The company has a market cap of $86.66 billion, a PE ratio of -10.87 and a beta of 1.57. The Boeing Company has a 52 week low of $137.03 and a 52 week high of $267.54. The business has a 50-day simple moving average of $153.55 and a 200 day simple moving average of $169.67.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing the consensus estimate of ($10.34) by ($0.10). The business had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same period in the prior year, the company posted ($3.26) EPS. Boeing’s quarterly revenue was down 1.5% on a year-over-year basis. On average, analysts anticipate that The Boeing Company will post -16.09 EPS for the current fiscal year.

Boeing 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.