The Boeing Company (NYSE:BA) Shares Sold by Marble Harbor Investment Counsel LLC

Marble Harbor Investment Counsel LLC cut its holdings in The Boeing Company (NYSE:BA) by 5.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,050 shares of the aircraft producer’s stock after selling 220 shares during the period. Marble Harbor Investment Counsel LLC’s holdings in Boeing were worth $737,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC purchased a new stake in Boeing during the fourth quarter worth approximately $26,000. Vima LLC acquired a new stake in Boeing during the fourth quarter worth approximately $34,000. Hobbs Group Advisors LLC purchased a new stake in shares of Boeing during the 2nd quarter worth approximately $34,000. McClarren Financial Advisors Inc. boosted its holdings in shares of Boeing by 451.4% in the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock valued at $37,000 after buying an additional 158 shares in the last quarter. Finally, Accent Capital Management LLC purchased a new position in shares of Boeing in the 4th quarter valued at $39,000. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Trading Down 3.7 %

NYSE BA opened at $156.77 on Monday. The business’s 50 day moving average is $174.10 and its two-hundred day moving average is $179.04. The stock has a market capitalization of $96.60 billion, a price-to-earnings ratio of -44.16 and a beta of 1.57. The Boeing Company has a 12-month low of $155.60 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 for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The company had revenue of $16.87 billion during the quarter, compared to analysts’ expectations of $17.35 billion. During the same quarter in the previous year, the company earned ($0.82) earnings per share. Boeing’s revenue for the quarter was down 14.6% compared to the same quarter last year. Equities analysts forecast that The Boeing Company will post -4.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Stifel Nicolaus upped their price objective on shares of Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, August 1st. Baird R W raised Boeing to a “strong-buy” rating in a research report on Monday, June 3rd. Robert W. Baird cut their price target on Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. Susquehanna reissued a “positive” rating and issued a $230.00 price objective on shares of Boeing in a report on Wednesday, August 14th. Finally, Wells Fargo & Company restated an “underweight” rating and set a $119.00 target price (down from $185.00) on shares of Boeing in a research report on Tuesday, September 3rd. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Boeing presently has a consensus rating of “Moderate Buy” and a consensus price target of $211.29.

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.