Doliver Advisors LP Has $504,000 Stake in The Boeing Company (NYSE:BA)

Doliver Advisors LP trimmed its position in shares of The Boeing Company (NYSE:BA) by 6.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,314 shares of the aircraft producer’s stock after selling 216 shares during the quarter. Doliver Advisors LP’s holdings in Boeing were worth $504,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in Boeing by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock worth $9,596,383,000 after buying an additional 1,222,816 shares during the period. Newport Trust Company LLC lifted its stake in shares of 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. Price T Rowe Associates Inc. MD boosted its holdings in 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 valued at $2,560,466,000 after acquiring an additional 1,884,850 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Boeing by 1.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 7,619,126 shares of the aircraft producer’s stock valued at $1,386,757,000 after purchasing an additional 106,513 shares during the period. Finally, Northern Trust Corp lifted its position in shares of Boeing by 1.1% in the 4th quarter. Northern Trust Corp now owns 5,003,262 shares of the aircraft producer’s stock worth $1,304,150,000 after purchasing an additional 52,081 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Performance

BA stock opened at $152.89 on Thursday. The Boeing Company has a 52-week low of $149.49 and a 52-week high of $267.54. The business has a 50-day simple moving average of $166.80 and a two-hundred day simple moving average of $175.54. The company has a market capitalization of $93.86 billion, a P/E ratio of -43.07 and a beta of 1.57.

Boeing (NYSE:BA) last posted its 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 business had revenue of $16.87 billion for the quarter, compared to analysts’ expectations of $17.35 billion. During the same quarter in the prior year, the company posted ($0.82) earnings per share. The firm’s quarterly revenue was down 14.6% on a year-over-year basis. As a group, sell-side analysts forecast that The Boeing Company will post -4.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on BA shares. Jefferies Financial Group lowered their target price on shares of Boeing from $270.00 to $240.00 and set a “buy” rating for the company in a research note on Monday, September 23rd. UBS Group dropped their price objective on Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. TD Cowen decreased their target price on Boeing from $230.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday. The Goldman Sachs Group dropped their price target on Boeing from $232.00 to $202.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $225.00 price objective on shares of Boeing in a research report on Tuesday, June 25th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $207.67.

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.