The Boeing Company (NYSE:BA) Shares Sold by Strategic Blueprint LLC

Strategic Blueprint LLC decreased its stake in shares of The Boeing Company (NYSE:BA) by 14.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,842 shares of the aircraft producer’s stock after selling 479 shares during the period. Strategic Blueprint LLC’s holdings in Boeing were worth $517,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of BA. Vermillion & White Wealth Management Group LLC acquired a new position in shares of Boeing in the 4th quarter worth approximately $26,000. DiNuzzo Private Wealth Inc. acquired a new position in shares of Boeing in the 4th quarter worth approximately $28,000. Vima LLC acquired a new position in shares of Boeing in the 4th quarter worth approximately $34,000. Hobbs Group Advisors LLC acquired a new position in shares of Boeing in the 2nd quarter worth approximately $34,000. Finally, McClarren Financial Advisors Inc. increased its position in shares of Boeing by 451.4% in the first quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after acquiring an additional 158 shares in the last quarter. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Up 0.9 %

BA stock opened at $172.26 on Friday. The company has a market capitalization of $105.75 billion, a price-to-earnings ratio of -48.52 and a beta of 1.56. The Boeing Company has a 12 month low of $159.70 and a 12 month high of $267.54. The firm has a 50 day moving average of $178.26 and a two-hundred day moving average of $182.53.

Boeing (NYSE:BA) last posted its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) EPS for the quarter, missing the consensus estimate of ($1.00) by ($1.90). The business had revenue of $16.87 billion for the quarter, compared to the consensus estimate of $17.35 billion. The firm’s quarterly revenue was down 14.6% on a year-over-year basis. During the same period last year, the company earned ($0.82) earnings per share. On average, research analysts expect that The Boeing Company will post -2.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BA has been the topic of a number of recent analyst reports. Bank of America boosted their price target on shares of Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a report on Thursday, June 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $225.00 price target on shares of Boeing in a report on Tuesday, June 25th. Susquehanna restated a “positive” rating and set a $230.00 price target on shares of Boeing in a report on Wednesday, August 14th. Sanford C. Bernstein cut their price target on shares of Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a report on Monday, August 5th. Finally, Baird R W upgraded shares of Boeing to a “strong-buy” rating in a report on Monday, June 3rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $215.18.

About Boeing

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.