Cooper Financial Group Has $625,000 Stake in The Boeing Company (NYSE:BA)

Cooper Financial Group trimmed its position in shares of The Boeing Company (NYSE:BA) by 48.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,237 shares of the aircraft producer’s stock after selling 3,101 shares during the period. Cooper Financial Group’s holdings in Boeing were worth $625,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Boeing by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 48,501,954 shares of the aircraft producer’s stock worth $12,642,519,000 after buying an additional 892,446 shares in the last quarter. Capital Research Global Investors grew its stake in Boeing by 35.5% during the fourth quarter. Capital Research Global Investors now owns 16,880,647 shares of the aircraft producer’s stock worth $4,400,109,000 after buying an additional 4,425,964 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Boeing by 23.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 9,823,006 shares of the aircraft producer’s stock worth $2,560,466,000 after acquiring an additional 1,884,850 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Boeing by 1.1% in the third quarter. Morgan Stanley now owns 8,362,267 shares of the aircraft producer’s stock worth $1,602,880,000 after acquiring an additional 91,801 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Boeing by 1.1% in the fourth quarter. Northern Trust Corp now owns 5,003,262 shares of the aircraft producer’s stock worth $1,304,150,000 after acquiring an additional 52,081 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors and hedge funds.

Boeing Stock Performance

Boeing stock opened at $174.88 on Monday. The Boeing Company has a 52-week low of $159.70 and a 52-week high of $267.54. The firm has a 50 day moving average price of $177.52 and a two-hundred day moving average price of $200.39.

Boeing (NYSE:BA) last announced its quarterly earnings data on Wednesday, April 24th. The aircraft producer reported ($1.13) EPS for the quarter, topping the consensus estimate of ($1.43) by $0.30. The company had revenue of $16.57 billion for the quarter, compared to analyst estimates of $17.69 billion. Equities analysts expect that The Boeing Company will post -1.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BA. Barclays dropped their target price on shares of Boeing from $235.00 to $190.00 and set an “equal weight” rating for the company in a report on Monday, April 22nd. StockNews.com cut shares of Boeing from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Susquehanna reissued a “positive” rating and issued a $230.00 target price on shares of Boeing in a report on Wednesday, May 15th. Royal Bank of Canada dropped their target price on shares of Boeing from $225.00 to $215.00 and set an “outperform” rating for the company in a report on Tuesday, April 16th. Finally, Melius Research reiterated a “hold” rating on shares of Boeing in a report on Monday, April 1st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $220.89.

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.