Brighton Jones LLC Sells 192 Shares of The Boeing Company (NYSE:BA)

Brighton Jones LLC decreased its stake in The Boeing Company (NYSE:BA) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 21,617 shares of the aircraft producer’s stock after selling 192 shares during the period. Brighton Jones LLC’s holdings in Boeing were worth $3,826,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in BA. Sugar Maple Asset Management LLC bought a new position in shares of Boeing in the 4th quarter worth about $27,000. RPg Family Wealth Advisory LLC purchased a new stake in Boeing in the third quarter worth about $28,000. Cedar Wealth Management LLC bought a new stake in shares of Boeing during the 3rd quarter valued at $30,000. Albion Financial Group UT grew its holdings in Boeing by 116.1% during the 4th quarter. Albion Financial Group UT now owns 296 shares of the aircraft producer’s stock valued at $52,000 after buying an additional 159 shares in the last quarter. Finally, Planning Capital Management Corp increased its holdings in shares of Boeing by 741.0% in the third quarter. Planning Capital Management Corp now owns 328 shares of the aircraft producer’s stock worth $50,000 after purchasing an additional 289 shares during the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Up 2.0 %

BA stock opened at $178.34 on Friday. The Boeing Company has a fifty-two week low of $137.03 and a fifty-two week high of $217.59. The company has a market capitalization of $110.25 billion, a P/E ratio of -13.82 and a beta of 1.52. The company has a 50-day simple moving average of $164.90 and a 200 day simple moving average of $164.53.

Boeing (NYSE:BA) last released its quarterly earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share for the quarter, missing analysts’ consensus estimates of ($10.34) by ($0.10). The company had revenue of $17.84 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same period last year, the business earned ($3.26) EPS. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. Equities analysts anticipate that The Boeing Company will post -16.36 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on BA shares. Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $195.00 to $169.00 in a research note on Wednesday, October 30th. Benchmark restated a “buy” rating and issued a $250.00 price objective on shares of Boeing in a report on Thursday, October 24th. Robert W. Baird dropped their target price on Boeing from $240.00 to $200.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. DZ Bank downgraded Boeing from a “buy” rating to a “hold” rating and set a $152.00 price target on the stock. in a research report on Tuesday, October 15th. Finally, TD Cowen dropped their price objective on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Boeing has a consensus rating of “Moderate Buy” and a consensus price target of $192.21.

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.