The Boeing Company (NYSE:BA) Shares Sold by Physicians Financial Services Inc.

Physicians Financial Services Inc. trimmed its holdings in shares of The Boeing Company (NYSE:BA) by 86.2% during the third quarter, Holdings Channel reports. The fund owned 2,600 shares of the aircraft producer’s stock after selling 16,292 shares during the quarter. Physicians Financial Services Inc.’s holdings in Boeing were worth $395,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Kiely Wealth Advisory Group Inc. acquired a new stake in shares of Boeing during the 2nd quarter valued at approximately $33,000. Hobbs Group Advisors LLC acquired a new position in shares of Boeing during the second quarter worth approximately $34,000. Harel Insurance Investments & Financial Services Ltd. grew its holdings in Boeing by 351.1% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after buying an additional 165 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new stake in Boeing in the 2nd quarter valued at approximately $39,000. Finally, Strategic Financial Concepts LLC bought a new stake in Boeing during the 2nd quarter valued at $41,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on BA shares. Susquehanna cut their price objective on shares of Boeing from $210.00 to $200.00 and set a “positive” rating on the stock in a research note on Thursday, October 24th. UBS Group dropped their target price on Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut their price objective on Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a report on Thursday, October 3rd. Benchmark reaffirmed a “buy” rating and issued a $250.00 price objective on shares of Boeing in a research note on Thursday, October 24th. Finally, Citigroup reduced their target price on shares of Boeing from $224.00 to $209.00 and set a “buy” rating for the company in a report on Tuesday, October 15th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Boeing currently has an average rating of “Hold” and an average price target of $190.37.

Boeing Stock Performance

Shares of NYSE:BA traded up $0.08 during midday trading on Friday, hitting $151.06. The company’s stock had a trading volume of 1,917,333 shares, compared to its average volume of 8,973,135. The stock’s 50 day simple moving average is $156.17 and its 200 day simple moving average is $170.60. The stock has a market capitalization of $93.39 billion, a price-to-earnings ratio of -11.70 and a beta of 1.57. The Boeing Company has a fifty-two week low of $144.13 and a fifty-two week high of $267.54.

Boeing (NYSE:BA) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the prior year, the company posted ($3.26) earnings per share. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, analysts anticipate that The Boeing Company will post -16.09 EPS for the current year.

About Boeing

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.