Pathstone Holdings LLC Decreases Position in The Boeing Company (NYSE:BA)

Pathstone Holdings LLC decreased its position in shares of The Boeing Company (NYSE:BA - Free Report) by 5.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 84,178 shares of the aircraft producer's stock after selling 5,215 shares during the period. Pathstone Holdings LLC's holdings in Boeing were worth $12,800,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its holdings in shares of Boeing by 122.0% in the third quarter. Van ECK Associates Corp now owns 2,277,548 shares of the aircraft producer's stock worth $357,712,000 after buying an additional 1,251,456 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Boeing by 289.8% during the 3rd quarter. International Assets Investment Management LLC now owns 1,682,970 shares of the aircraft producer's stock worth $2,558,790,000 after purchasing an additional 1,251,165 shares during the period. Wulff Hansen & CO. grew its holdings in shares of Boeing by 15,039.0% during the second quarter. Wulff Hansen & CO. now owns 967,383 shares of the aircraft producer's stock worth $176,073,000 after purchasing an additional 960,993 shares during the last quarter. Newport Trust Company LLC increased its position in Boeing by 1.2% in the 2nd quarter. Newport Trust Company LLC now owns 31,640,184 shares of the aircraft producer's stock valued at $5,758,830,000 after acquiring an additional 388,633 shares during the period. Finally, Canada Pension Plan Investment Board lifted its stake in shares of Boeing by 79.0% in the first quarter. Canada Pension Plan Investment Board now owns 726,254 shares of the aircraft producer's stock valued at $140,160,000 after purchasing an additional 320,502 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Boeing Trading Down 1.8 %

Shares of NYSE:BA traded down $2.63 during midday trading on Thursday, reaching $143.45. 5,814,742 shares of the company were exchanged, compared to its average volume of 9,169,066. The business's fifty day moving average is $152.22 and its two-hundred day moving average is $168.79. The Boeing Company has a one year low of $137.03 and a one year high of $267.54. The stock has a market cap of $88.68 billion, a PE ratio of -11.04 and a beta of 1.57.

Boeing (NYSE:BA - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The aircraft producer reported ($10.44) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($10.34) by ($0.10). The firm had revenue of $17.84 billion for the quarter, compared to analysts' expectations 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 company earned ($3.26) earnings per share. As a group, sell-side analysts expect that The Boeing Company will post -16.2 EPS for the current year.

Analyst Ratings Changes

BA has been the subject of a number of recent analyst reports. Royal Bank of Canada restated an "outperform" rating and set a $200.00 price objective on shares of Boeing in a research note on Wednesday, October 30th. Sanford C. Bernstein lowered Boeing from an "outperform" rating to a "market perform" rating and dropped their price target for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft lowered their price target on Boeing from $225.00 to $195.00 and set a "buy" rating on the stock in a research report on Thursday, October 3rd. Stifel Nicolaus lifted their target price on shares of Boeing from $230.00 to $235.00 and gave the company a "buy" rating in a research report on Thursday, August 1st. Finally, UBS Group lowered their target price on Boeing from $215.00 to $195.00 and set a "buy" rating for the company in a research note on Thursday, October 24th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company 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.