Invesco LLC Sells 110 Shares of The Boeing Company (NYSE:BA)

Invesco LLC trimmed its holdings in The Boeing Company (NYSE:BA) by 3.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,771 shares of the aircraft producer’s stock after selling 110 shares during the quarter. Invesco LLC’s holdings in Boeing were worth $504,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Liberty Wealth Management LLC boosted its position in Boeing by 15.5% in the 2nd quarter. Liberty Wealth Management LLC now owns 2,067 shares of the aircraft producer’s stock valued at $376,000 after buying an additional 277 shares during the last quarter. Choreo LLC grew its position in shares of Boeing by 74.5% during the 2nd quarter. Choreo LLC now owns 25,650 shares of the aircraft producer’s stock worth $4,785,000 after buying an additional 10,949 shares during the period. PFG Investments LLC boosted its stake in Boeing by 34.2% in the second quarter. PFG Investments LLC now owns 26,287 shares of the aircraft producer’s stock valued at $4,784,000 after acquiring an additional 6,703 shares during the last quarter. Total Investment Management Inc. raised its position in shares of Boeing by 6.8% during the 2nd quarter. Total Investment Management Inc. now owns 1,769 shares of the aircraft producer’s stock valued at $322,000 after acquiring an additional 112 shares during the last quarter. Finally, First Foundation Advisors lifted its stake in shares of Boeing by 8.4% in the 2nd quarter. First Foundation Advisors now owns 5,791 shares of the aircraft producer’s stock valued at $1,054,000 after purchasing an additional 451 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Performance

NYSE BA opened at $162.92 on Tuesday. The stock has a market cap of $100.39 billion, a PE ratio of -45.89 and a beta of 1.58. The firm has a 50-day moving average of $176.06 and a 200-day moving average of $180.23. The Boeing Company has a 52-week low of $156.70 and a 52-week high of $267.54.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (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 analysts’ expectations of $17.35 billion. The firm’s revenue was down 14.6% on a year-over-year basis. During the same period in the previous year, the business earned ($0.82) EPS. As a group, analysts predict that The Boeing Company will post -4.26 EPS for the current fiscal year.

Analysts Set New Price Targets

BA has been the topic of several analyst reports. UBS Group cut their target price on Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. Susquehanna reiterated a “positive” rating and issued a $230.00 target price on shares of Boeing in a report on Wednesday, August 14th. Wells Fargo & Company restated an “underweight” rating and issued a $119.00 price objective (down previously from $185.00) on shares of Boeing in a research report on Tuesday, September 3rd. Bank of America raised their price target on Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, June 13th. Finally, Stifel Nicolaus raised their target price on shares of Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. Three analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $211.29.

Boeing 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.