Captrust Financial Advisors Has $7.72 Million Position in The Boeing Company (NYSE:BA)

Captrust Financial Advisors cut its holdings in The Boeing Company (NYSE:BA) by 1.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,767 shares of the aircraft producer’s stock after selling 733 shares during the quarter. Captrust Financial Advisors’ holdings in Boeing were worth $7,719,000 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 Boeing by 122.0% in 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. International Assets Investment Management LLC boosted its holdings in Boeing by 289.8% during the third quarter. International Assets Investment Management LLC now owns 1,682,970 shares of the aircraft producer’s stock valued at $2,558,790,000 after acquiring an additional 1,251,165 shares during the period. Wulff Hansen & CO. grew its position in shares of Boeing by 15,039.0% in the second quarter. Wulff Hansen & CO. now owns 967,383 shares of the aircraft producer’s stock valued at $176,073,000 after purchasing an additional 960,993 shares during the last quarter. Jennison Associates LLC increased its stake in shares of Boeing by 9.9% in the third quarter. Jennison Associates LLC now owns 6,700,706 shares of the aircraft producer’s stock worth $1,018,775,000 after purchasing an additional 602,143 shares during the period. Finally, Newport Trust Company LLC lifted its position in shares of Boeing by 1.2% during the 2nd quarter. Newport Trust Company LLC now owns 31,640,184 shares of the aircraft producer’s stock worth $5,758,830,000 after purchasing an additional 388,633 shares during the last quarter. 64.82% of the stock is owned by institutional investors.

Boeing Trading Up 0.7 %

NYSE:BA opened at $156.54 on Tuesday. The stock has a market capitalization of $96.77 billion, a P/E ratio of -12.13 and a beta of 1.57. The Boeing Company has a 1 year low of $137.03 and a 1 year high of $267.54. The firm has a 50 day moving average of $151.48 and a 200-day moving average of $167.35.

Boeing (NYSE:BA) last posted its quarterly earnings data on Wednesday, October 23rd. The aircraft producer reported ($10.44) EPS for the quarter, missing analysts’ consensus estimates 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 business’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, analysts forecast that The Boeing Company will post -16.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on BA shares. Deutsche Bank Aktiengesellschaft lowered their target price on Boeing from $225.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 3rd. Citigroup cut their target price 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. Wells Fargo & Company reduced their price target on shares of Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a report on Monday, November 4th. Sanford C. Bernstein lowered shares of Boeing from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $195.00 to $169.00 in a research report on Wednesday, October 30th. Finally, The Goldman Sachs Group reduced their target price on shares of Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $190.11.

Boeing Company 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.