The Boeing Company (NYSE:BA) Shares Sold by Simmons Bank

Simmons Bank decreased its position in shares of The Boeing Company (NYSE:BA) by 8.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,660 shares of the aircraft producer’s stock after selling 802 shares during the period. Simmons Bank’s holdings in Boeing were worth $1,317,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Souders Financial Advisors acquired a new stake in shares of Boeing during the third quarter worth about $850,000. Haverford Trust Co lifted its holdings in Boeing by 10.5% during the 3rd quarter. Haverford Trust Co now owns 3,140 shares of the aircraft producer’s stock worth $477,000 after buying an additional 298 shares in the last quarter. Empower Advisory Group LLC boosted its position in Boeing by 9.6% in the 3rd quarter. Empower Advisory Group LLC now owns 331,810 shares of the aircraft producer’s stock valued at $50,448,000 after buying an additional 28,980 shares during the period. Aptus Capital Advisors LLC grew its stake in shares of Boeing by 10.7% in the third quarter. Aptus Capital Advisors LLC now owns 8,146 shares of the aircraft producer’s stock worth $1,239,000 after acquiring an additional 787 shares in the last quarter. Finally, Missouri Trust & Investment Co increased its position in shares of Boeing by 4.5% during the third quarter. Missouri Trust & Investment Co now owns 11,866 shares of the aircraft producer’s stock worth $1,804,000 after acquiring an additional 506 shares during the period. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Boeing Stock Down 3.6 %

Shares of NYSE BA opened at $139.98 on Thursday. The business has a 50-day moving average price of $154.49 and a 200 day moving average price of $170.11. The stock has a market cap of $86.54 billion, a PE ratio of -10.85 and a beta of 1.57. The Boeing Company has a 52-week low of $139.10 and a 52-week high of $267.54.

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

Analyst Upgrades and Downgrades

BA has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft decreased their target price on Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. The Goldman Sachs Group decreased their price objective on Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. Royal Bank of Canada restated an “outperform” rating and set a $200.00 target price on shares of Boeing in a research note on Wednesday, October 30th. Citigroup decreased their price target on shares of Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a research note on Tuesday, October 15th. Finally, UBS Group dropped their price objective on shares of Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Boeing presently has a consensus rating of “Hold” and a consensus price target 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.