Aviso Wealth Management Has $778,000 Stock Position in The Boeing Company (NYSE:BA)

Aviso Wealth Management decreased its position in shares of The Boeing Company (NYSE:BA) by 23.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,116 shares of the aircraft producer’s stock after selling 1,572 shares during the period. Aviso Wealth Management’s holdings in Boeing were worth $778,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Kiely Wealth Advisory Group Inc. acquired a new stake in shares of Boeing in the second quarter worth about $33,000. Hobbs Group Advisors LLC acquired a new position in shares of Boeing during the 2nd quarter worth about $34,000. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of Boeing by 351.1% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after purchasing an additional 165 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new position in shares of Boeing during the 2nd quarter worth about $39,000. Finally, Strategic Financial Concepts LLC acquired a new position in shares of Boeing during the 2nd quarter worth about $41,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Performance

NYSE:BA opened at $140.19 on Monday. The stock’s fifty day moving average price is $153.20 and its two-hundred day moving average price is $169.44. The Boeing Company has a 52-week low of $137.03 and a 52-week high of $267.54. The company has a market cap of $86.67 billion, a price-to-earnings ratio of -10.87 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) EPS for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The company 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. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. On average, equities analysts predict that The Boeing Company will post -16.2 EPS for the current fiscal year.

Analyst Ratings Changes

BA has been the subject of several research analyst reports. JPMorgan Chase & Co. cut their price objective on Boeing from $235.00 to $195.00 and set an “overweight” rating for the company in a research report on Monday, October 14th. The Goldman Sachs Group lowered their price target on Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. DZ Bank lowered Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a research note on Tuesday, October 15th. Morgan Stanley lowered their price target on Boeing from $195.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 24th. Finally, Benchmark restated a “buy” rating and set a $250.00 price target on shares of Boeing in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Boeing presently has a consensus rating of “Hold” and an average target price of $190.37.

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.