Nelson Van Denburg & Campbell Wealth Management Group LLC lessened its holdings in Boeing Co (NYSE:BA) by 3.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,483 shares of the aircraft producer’s stock after selling 308 shares during the quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC’s holdings in Boeing were worth $3,607,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of BA. NuWave Investment Management LLC grew its position in Boeing by 554.5% during the 2nd quarter. NuWave Investment Management LLC now owns 72 shares of the aircraft producer’s stock worth $26,000 after acquiring an additional 61 shares during the last quarter. Nordea Investment Management AB boosted its position in shares of Boeing by 128.1% during the first quarter. Nordea Investment Management AB now owns 73 shares of the aircraft producer’s stock valued at $28,000 after purchasing an additional 41 shares in the last quarter. Guidant Wealth Advisors bought a new stake in shares of Boeing during the second quarter valued at approximately $28,000. Transamerica Financial Advisors Inc. bought a new stake in shares of Boeing during the second quarter valued at approximately $40,000. Finally, Next Capital Management LLC bought a new stake in shares of Boeing during the second quarter valued at approximately $42,000. Institutional investors own 67.85% of the company’s stock.

BA stock traded down $0.28 during midday trading on Wednesday, reaching $373.82. 26,790 shares of the company traded hands, compared to its average volume of 5,392,899. Boeing Co has a 52-week low of $292.47 and a 52-week high of $446.01. The company has a debt-to-equity ratio of 48.98, a quick ratio of 0.29 and a current ratio of 1.03. The business has a 50 day moving average of $369.09 and a 200-day moving average of $362.44. The firm has a market capitalization of $211.41 billion, a price-to-earnings ratio of 23.36, a P/E/G ratio of 12.19 and a beta of 1.25.

Boeing (NYSE:BA) last issued its quarterly earnings data on Wednesday, July 24th. The aircraft producer reported $2.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.85 by $1.07. Boeing had a negative return on equity of 632.24% and a net margin of 5.42%. The business had revenue of $15.75 billion for the quarter, compared to the consensus estimate of $15.05 billion. During the same period in the prior year, the business posted $3.33 earnings per share. The company’s quarterly revenue was down 35.1% compared to the same quarter last year. Research analysts anticipate that Boeing Co will post 3.73 earnings per share for the current year.

BA has been the topic of several research reports. Cowen set a $460.00 price target on Boeing and gave the company a “buy” rating in a research report on Tuesday, September 10th. JPMorgan Chase & Co. lowered their price objective on Boeing from $430.00 to $425.00 and set an “overweight” rating for the company in a research note on Thursday, July 25th. Wolfe Research cut Boeing from an “outperform” rating to a “peer perform” rating and lowered their price objective for the company from $404.00 to $393.00 in a research note on Thursday, July 25th. Buckingham Research set a $395.00 price objective on Boeing and gave the company a “hold” rating in a research note on Friday, September 27th. Finally, Morgan Stanley set a $500.00 price objective on Boeing and gave the company a “buy” rating in a research note on Thursday, September 12th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and fourteen have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $403.10.

Boeing Profile

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 in 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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