The Boeing Company (NYSE:BA) Holdings Trimmed by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. cut its holdings in The Boeing Company (NYSE:BA) by 21.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,366 shares of the aircraft producer’s stock after selling 942 shares during the quarter. Newbridge Financial Services Group Inc.’s holdings in Boeing were worth $613,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Boeing by 2.5% during the first quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock worth $9,596,383,000 after purchasing an additional 1,222,816 shares during the period. Newport Trust Company LLC raised its holdings in Boeing by 1.2% during the 2nd quarter. Newport Trust Company LLC now owns 31,640,184 shares of the aircraft producer’s stock worth $5,758,830,000 after buying an additional 388,633 shares during the period. Capital Research Global Investors lifted 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 valued at $4,400,109,000 after buying an additional 4,425,964 shares in the last quarter. Price T Rowe Associates Inc. MD boosted 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 buying an additional 1,884,850 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Boeing by 1.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,619,126 shares of the aircraft producer’s stock worth $1,386,757,000 after acquiring an additional 106,513 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Performance

BA opened at $154.24 on Wednesday. The company has a market cap of $94.69 billion, a PE ratio of -43.45 and a beta of 1.57. The stock has a 50-day moving average of $167.34 and a 200-day moving average of $175.70. The Boeing Company has a 52-week low of $149.49 and a 52-week high of $267.54.

Boeing (NYSE:BA) last announced its earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.00) by ($1.90). The business had revenue of $16.87 billion during the quarter, compared to analysts’ expectations of $17.35 billion. During the same period in the prior year, the firm earned ($0.82) earnings per share. The firm’s revenue for the quarter was down 14.6% on a year-over-year basis. On average, research analysts predict that The Boeing Company will post -4.27 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently commented on BA. The Goldman Sachs Group decreased their price objective on shares of Boeing from $232.00 to $202.00 and set a “buy” rating for the company in a research note on Tuesday, September 24th. Susquehanna reaffirmed a “positive” rating and issued a $230.00 target price on shares of Boeing in a research report on Wednesday, August 14th. TD Cowen dropped their price target on Boeing from $230.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday. Jefferies Financial Group decreased their price objective on Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research report on Monday, September 23rd. Finally, Sanford C. Bernstein lowered their target price on Boeing from $222.00 to $207.00 and set an “outperform” rating on the stock in a research note on Monday, August 5th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $207.67.

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.