Crestwood Advisors Group LLC Sells 133 Shares of The Boeing Company (NYSE:BA)

Crestwood Advisors Group LLC cut its holdings in The Boeing Company (NYSE:BAGet Rating) by 6.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,869 shares of the aircraft producer’s stock after selling 133 shares during the period. Crestwood Advisors Group LLC’s holdings in Boeing were worth $256,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Loomis Sayles & Co. L P grew its holdings in Boeing by 19.8% during the 4th quarter. Loomis Sayles & Co. L P now owns 13,367,929 shares of the aircraft producer’s stock valued at $2,691,231,000 after purchasing an additional 2,210,908 shares during the last quarter. BlackRock Inc. grew its holdings in Boeing by 2.9% during the 1st quarter. BlackRock Inc. now owns 31,674,287 shares of the aircraft producer’s stock valued at $6,065,627,000 after purchasing an additional 887,382 shares during the last quarter. Renaissance Technologies LLC bought a new position in Boeing during the 1st quarter valued at about $135,429,000. Wellington Management Group LLP grew its holdings in Boeing by 125.0% during the 1st quarter. Wellington Management Group LLP now owns 1,139,143 shares of the aircraft producer’s stock valued at $218,147,000 after purchasing an additional 632,913 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its holdings in Boeing by 17.9% during the 4th quarter. Nuveen Asset Management LLC now owns 3,636,168 shares of the aircraft producer’s stock valued at $732,033,000 after purchasing an additional 552,493 shares during the last quarter. 57.10% of the stock is currently owned by institutional investors.

Boeing Stock Performance

Shares of BA opened at $144.29 on Friday. The company has a 50 day moving average price of $158.72 and a 200-day moving average price of $157.22. The Boeing Company has a fifty-two week low of $113.02 and a fifty-two week high of $233.94. The stock has a market capitalization of $85.68 billion, a PE ratio of -16.12 and a beta of 1.35.

Boeing (NYSE:BAGet Rating) last posted its earnings results on Wednesday, July 27th. The aircraft producer reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.23). The company had revenue of $16.68 billion for the quarter, compared to the consensus estimate of $17.53 billion. During the same period last year, the firm earned $0.40 earnings per share. The firm’s revenue was down 1.9% compared to the same quarter last year. Equities research analysts forecast that The Boeing Company will post -1.95 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on BA shares. StockNews.com upgraded shares of Boeing from a “sell” rating to a “hold” rating in a report on Friday, July 29th. Benchmark lowered their price objective on shares of Boeing from $250.00 to $200.00 and set a “buy” rating for the company in a research report on Friday, July 15th. Bank of America boosted their price objective on shares of Boeing from $170.00 to $175.00 and gave the company a “neutral” rating in a research report on Wednesday, September 7th. Morgan Stanley boosted their price objective on shares of Boeing from $215.00 to $233.00 and gave the company an “overweight” rating in a research report on Thursday, September 8th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $281.00 price objective on shares of Boeing in a research report on Tuesday, August 23rd. Three analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $218.07.

Boeing Profile

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The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.

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Institutional Ownership by Quarter for Boeing (NYSE:BA)

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