Clarius Group LLC Sells 321 Shares of The Boeing Company (NYSE:BA)

Clarius Group LLC decreased its stake in The Boeing Company (NYSE:BA) by 8.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,496 shares of the aircraft producer’s stock after selling 321 shares during the period. Clarius Group LLC’s holdings in Boeing were worth $636,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of BA. Strategic Blueprint LLC lifted its holdings in shares of Boeing by 8.7% during the fourth quarter. Strategic Blueprint LLC now owns 3,295 shares of the aircraft producer’s stock valued at $859,000 after acquiring an additional 264 shares during the period. U.S. Capital Wealth Advisors LLC lifted its holdings in shares of Boeing by 41.5% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 15,761 shares of the aircraft producer’s stock valued at $4,108,000 after acquiring an additional 4,622 shares during the period. Orca Investment Management LLC lifted its holdings in shares of Boeing by 5.5% during the fourth quarter. Orca Investment Management LLC now owns 3,772 shares of the aircraft producer’s stock valued at $983,000 after acquiring an additional 195 shares during the period. One Charles Private Wealth Services LLC bought a new position in shares of Boeing during the fourth quarter valued at $205,000. Finally, J.W. Cole Advisors Inc. lifted its holdings in shares of Boeing by 5.8% during the fourth quarter. J.W. Cole Advisors Inc. now owns 29,133 shares of the aircraft producer’s stock valued at $7,594,000 after acquiring an additional 1,596 shares during the period. Institutional investors and hedge funds own 64.82% of the company’s stock.

Boeing Stock Performance

Shares of NYSE:BA traded down $0.15 during midday trading on Friday, hitting $168.72. 542,278 shares of the stock were exchanged, compared to its average volume of 8,124,865. The stock has a market capitalization of $103.57 billion, a price-to-earnings ratio of -47.53 and a beta of 1.56. The business’s 50-day moving average price is $181.28 and its 200 day moving average price is $186.22. The Boeing Company has a 12 month low of $159.70 and a 12 month high of $267.54.

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Wells Fargo & Company cut their price target on Boeing from $190.00 to $185.00 and set an “equal weight” rating for the company in a report on Friday, August 2nd. Sanford C. Bernstein cut their price target on Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a report on Monday. JPMorgan Chase & Co. cut their price target on Boeing from $230.00 to $210.00 and set an “overweight” rating for the company in a report on Friday, April 12th. Northcoast Research cut Boeing from a “neutral” rating to a “sell” rating and set a $140.00 price target for the company. in a report on Wednesday, April 17th. Finally, Citigroup dropped their price objective on Boeing from $252.00 to $224.00 and set a “buy” rating for the company in a report on Thursday, April 25th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $215.18.

Boeing Company 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.