Pacer Advisors Inc. Acquires 2,066 Shares of The Boeing Company (NYSE:BA)

Pacer Advisors Inc. grew its holdings in The Boeing Company (NYSE:BA) by 5.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 41,287 shares of the aircraft producer’s stock after acquiring an additional 2,066 shares during the period. Pacer Advisors Inc.’s holdings in Boeing were worth $7,515,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Newport Trust Company LLC raised its position in Boeing by 1.2% in the second quarter. Newport Trust Company LLC now owns 31,640,184 shares of the aircraft producer’s stock worth $5,758,830,000 after acquiring an additional 388,633 shares during the period. AE Wealth Management LLC raised its position in Boeing by 19.5% in the second quarter. AE Wealth Management LLC now owns 16,402 shares of the aircraft producer’s stock worth $2,985,000 after acquiring an additional 2,678 shares during the period. DCF Advisers LLC raised its position in Boeing by 5.7% in the second quarter. DCF Advisers LLC now owns 4,650 shares of the aircraft producer’s stock worth $846,000 after acquiring an additional 250 shares during the period. Hollencrest Capital Management raised its position in shares of Boeing by 7.5% during the 2nd quarter. Hollencrest Capital Management now owns 1,441 shares of the aircraft producer’s stock valued at $262,000 after purchasing an additional 100 shares during the period. Finally, Bridges Investment Management Inc. lifted its stake in shares of Boeing by 30.7% during the 2nd quarter. Bridges Investment Management Inc. now owns 19,391 shares of the aircraft producer’s stock valued at $3,529,000 after buying an additional 4,554 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BA has been the topic of a number of analyst reports. Sanford C. Bernstein lowered their target price on shares of Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a research note on Monday, August 5th. Susquehanna restated a “positive” rating and set a $230.00 target price on shares of Boeing in a research note on Wednesday, August 14th. Jefferies Financial Group lowered their target price on shares of Boeing from $270.00 to $240.00 and set a “buy” rating on the stock in a research note on Monday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $225.00 price target on shares of Boeing in a research note on Tuesday, June 25th. Finally, Robert W. Baird decreased their price target on shares of Boeing from $300.00 to $240.00 and set an “outperform” rating on the stock in a research note on Monday, June 3rd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Boeing currently has a consensus rating of “Moderate Buy” and an average price target of $212.89.

Boeing Trading Up 2.0 %

Shares of NYSE:BA opened at $156.30 on Tuesday. The company has a market capitalization of $95.95 billion, a price-to-earnings ratio of -44.03 and a beta of 1.57. The Boeing Company has a 12 month low of $151.65 and a 12 month high of $267.54. The firm’s 50-day moving average is $170.76 and its 200 day moving average is $177.08.

Boeing (NYSE:BA) last issued its quarterly 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 company had revenue of $16.87 billion for the quarter, compared to the consensus estimate of $17.35 billion. The company’s revenue was down 14.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.82) EPS. As a group, equities analysts forecast that The Boeing Company will post -4.26 EPS for the current fiscal year.

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.