Montz Harcus Wealth Management LLC Sells 173 Shares of The Boeing Company (NYSE:BA)

by · The Cerbat Gem

Montz Harcus Wealth Management LLC trimmed its position in The Boeing Company (NYSE:BA – Free Report) by 4.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,510 shares of the aircraft producer’s stock after selling 173 shares during the period. Montz Harcus Wealth Management LLC’s holdings in Boeing were worth $534,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in BA. Hobbs Group Advisors LLC purchased a new stake in Boeing in the second quarter valued at approximately $34,000. McClarren Financial Advisors Inc. increased its holdings in shares of Boeing by 451.4% in the 1st quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after buying an additional 158 shares during the last quarter. Kiely Wealth Advisory Group Inc. purchased a new stake in shares of Boeing during the 2nd quarter valued at $33,000. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Boeing by 351.1% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after acquiring an additional 165 shares during the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new position in Boeing in the second quarter worth $39,000. 64.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on BA shares. Robert W. Baird dropped their price target on Boeing from $240.00 to $200.00 and set an “outperform” rating for the company in a research note on Thursday. DZ Bank downgraded Boeing from a “buy” rating to a “hold” rating and set a $152.00 target price for the company. in a research report on Tuesday, October 15th. Stifel Nicolaus increased their price target 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. Wells Fargo & Company decreased their price target on shares of Boeing from $109.00 to $86.00 and set an “underweight” rating on the stock in a research note on Thursday. Finally, The Goldman Sachs Group cut their price objective 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 investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $191.79.

View Our Latest Stock Analysis on Boeing

Boeing Trading Down 0.1 %

BA traded down $0.19 during midday trading on Friday, reaching $155.01. The company’s stock had a trading volume of 8,152,969 shares, compared to its average volume of 8,128,691. The Boeing Company has a 1 year low of $146.02 and a 1 year high of $267.54. The stock’s 50-day moving average is $159.68 and its 200-day moving average is $171.66. The firm has a market capitalization of $95.16 billion, a price-to-earnings ratio of -43.66 and a beta of 1.57.

Boeing (NYSE:BA – Get Free Report) last released its 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 analyst estimates of $17.81 billion. During the same quarter last year, the business earned ($3.26) earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, equities research analysts forecast that The Boeing Company will post -5.35 earnings per share for the current fiscal year.

About Boeing

(Free Report)

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.

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