MAI Capital Management Sells 4,406 Shares of The Boeing Company (NYSE:BA)

MAI Capital Management decreased its holdings in shares of The Boeing Company (NYSE:BA - Free Report) by 10.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,871 shares of the aircraft producer's stock after selling 4,406 shares during the period. MAI Capital Management's holdings in Boeing were worth $5,606,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Newport Trust Company LLC increased its holdings in shares of Boeing by 1.2% in the second quarter. Newport Trust Company LLC now owns 31,640,184 shares of the aircraft producer's stock valued at $5,758,830,000 after purchasing an additional 388,633 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Boeing by 1.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,619,126 shares of the aircraft producer's stock valued at $1,386,757,000 after purchasing an additional 106,513 shares in the last quarter. Legal & General Group Plc grew its holdings in Boeing by 2.0% during the 2nd quarter. Legal & General Group Plc now owns 3,432,485 shares of the aircraft producer's stock worth $624,749,000 after acquiring an additional 67,474 shares during the period. Van ECK Associates Corp grew its holdings in Boeing by 122.0% during the 3rd quarter. Van ECK Associates Corp now owns 2,277,548 shares of the aircraft producer's stock worth $357,712,000 after acquiring an additional 1,251,456 shares during the period. Finally, Swiss National Bank grew its holdings in Boeing by 1.1% during the 3rd quarter. Swiss National Bank now owns 1,735,500 shares of the aircraft producer's stock worth $263,865,000 after acquiring an additional 19,400 shares during the period. Institutional investors own 64.82% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have commented on BA shares. Stifel Nicolaus lifted their target price on shares of Boeing from $230.00 to $235.00 and gave the stock a "buy" rating in a report on Thursday, August 1st. DZ Bank cut shares of 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. Jefferies Financial Group reduced their price target on shares of Boeing from $270.00 to $240.00 and set a "buy" rating on the stock in a research report on Monday, September 23rd. Morgan Stanley cut their price objective on shares of Boeing from $195.00 to $170.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 24th. Finally, Susquehanna cut their price target on shares of Boeing from $210.00 to $200.00 and set a "positive" 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 assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $190.37.

Boeing Trading Up 0.3 %

NYSE BA traded up $0.48 during trading on Wednesday, reaching $146.08. The company's stock had a trading volume of 9,221,746 shares, compared to its average volume of 9,184,624. The firm has a market capitalization of $90.31 billion, a price-to-earnings ratio of -11.38 and a beta of 1.57. The firm has a 50 day moving average price of $152.53 and a 200 day moving average price of $168.95. The Boeing Company has a 12 month low of $137.03 and a 12 month high of $267.54.

Boeing (NYSE:BA - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $17.84 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same period last year, the firm posted ($3.26) earnings per share. Boeing's revenue was down 1.5% compared to the same quarter last year. On average, equities analysts forecast that The Boeing Company will post -16.2 EPS for the current fiscal year.

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.