Pin Oak Investment Advisors Inc. Reduces Stock Position in The Boeing Company (NYSE:BA)

Pin Oak Investment Advisors Inc. decreased its position in shares of The Boeing Company (NYSE:BA) by 5.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,800 shares of the aircraft producer’s stock after selling 100 shares during the quarter. Pin Oak Investment Advisors Inc.’s holdings in Boeing were worth $273,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Hobbs Group Advisors LLC acquired a new stake in Boeing during the 2nd quarter valued at $34,000. RPg Family Wealth Advisory LLC purchased a new stake in Boeing during the 3rd quarter worth about $28,000. Kiely Wealth Advisory Group Inc. acquired a new position in Boeing in the 2nd quarter valued at about $33,000. Cedar Wealth Management LLC purchased a new position in Boeing in the 3rd quarter valued at about $30,000. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its stake 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. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on BA. TD Cowen cut their price objective on shares of Boeing from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, October 14th. Jefferies Financial Group reduced their price target on Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday, September 23rd. Susquehanna reduced their target price on Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research report on Thursday, October 24th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 price objective on shares of Boeing in a report on Wednesday, October 30th. Finally, The Goldman Sachs Group decreased their target price on shares of Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $190.11.

Boeing Price Performance

Shares of Boeing stock opened at $152.42 on Thursday. The Boeing Company has a 1-year low of $137.03 and a 1-year high of $267.54. The company has a market capitalization of $94.23 billion, a P/E ratio of -11.82 and a beta of 1.57. The business’s fifty day moving average price is $151.48 and its two-hundred day moving average price is $167.77.

Boeing (NYSE:BA) last released its quarterly earnings results 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 business had revenue of $17.84 billion for the quarter, compared to the consensus estimate of $17.81 billion. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the business earned ($3.26) EPS. On average, research analysts expect that The Boeing Company will post -16.2 earnings per share for the current fiscal 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.