The Boeing Company (NYSE:BA) Stock Holdings Reduced by Tompkins Financial Corp

by · The Cerbat Gem

Tompkins Financial Corp cut its position in shares of The Boeing Company (NYSE:BA – Free Report) by 29.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 588 shares of the aircraft producer’s stock after selling 246 shares during the period. Tompkins Financial Corp’s holdings in Boeing were worth $89,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in BA. Kiely Wealth Advisory Group Inc. acquired a new stake in shares of Boeing in the second quarter worth about $33,000. Hobbs Group Advisors LLC acquired a new stake in Boeing in the 2nd quarter worth approximately $34,000. Harel Insurance Investments & Financial Services Ltd. boosted its position in Boeing by 351.1% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 212 shares of the aircraft producer’s stock worth $39,000 after purchasing an additional 165 shares during the period. 1620 Investment Advisors Inc. acquired a new position in Boeing during the second quarter valued at approximately $39,000. Finally, Strategic Financial Concepts LLC acquired a new position in Boeing during the 2nd quarter worth $41,000. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Performance

Shares of BA opened at $151.68 on Friday. The firm has a market cap of $93.77 billion, a P/E ratio of -11.76 and a beta of 1.57. The Boeing Company has a twelve month low of $144.13 and a twelve month high of $267.54. The firm’s 50 day moving average price is $155.31 and its two-hundred day moving average price is $170.34.

Boeing (NYSE:BA – Get Free Report) last posted 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. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($3.26) earnings per share. On average, sell-side analysts anticipate that The Boeing Company will post -16.09 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on BA. Wells Fargo & Company cut their price target on Boeing from $86.00 to $85.00 and set an “underweight” rating for the company in a report on Monday, November 4th. Stifel Nicolaus lifted their price objective on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, August 1st. UBS Group lowered their target price on shares of Boeing from $215.00 to $195.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Deutsche Bank Aktiengesellschaft cut their price objective on Boeing from $225.00 to $195.00 and set a “buy” rating for the company in a research report on Thursday, October 3rd. Finally, TD Cowen reduced their target price on shares of Boeing from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $190.37.

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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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