Vanguard Personalized Indexing Management LLC Increases Holdings in The Boeing Company (NYSE:BA)

Vanguard Personalized Indexing Management LLC raised its stake in The Boeing Company (NYSE:BA) by 15.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,184 shares of the aircraft producer’s stock after purchasing an additional 5,704 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Boeing were worth $7,755,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC acquired a new stake in Boeing during the 4th quarter valued at $26,000. Vima LLC purchased a new position in Boeing in the 4th quarter valued at about $34,000. Hobbs Group Advisors LLC acquired a new stake in shares of Boeing during the second quarter valued at about $34,000. McClarren Financial Advisors Inc. increased its position in shares of Boeing by 451.4% during the first quarter. McClarren Financial Advisors Inc. now owns 193 shares of the aircraft producer’s stock worth $37,000 after acquiring an additional 158 shares during the last quarter. Finally, Accent Capital Management LLC acquired a new position in shares of Boeing in the fourth quarter worth about $39,000. Institutional investors and hedge funds own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BA. Robert W. Baird lowered their price objective on Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. Bank of America lifted their price target on shares of Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, June 13th. Baird R W upgraded shares of Boeing to a “strong-buy” rating in a research note on Monday, June 3rd. Sanford C. Bernstein dropped their target price on shares of Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a research report on Monday, August 5th. Finally, Susquehanna restated a “positive” rating and issued a $230.00 target price on shares of Boeing in a research note on Wednesday, August 14th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $211.29.

Boeing Price Performance

Shares of BA opened at $155.17 on Thursday. The Boeing Company has a 12 month low of $154.02 and a 12 month high of $267.54. The stock has a fifty day moving average price of $172.38 and a 200 day moving average price of $178.23. The company has a market cap of $95.26 billion, a P/E ratio of -43.71 and a beta of 1.57.

Boeing (NYSE:BA) last released 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 firm had revenue of $16.87 billion for the quarter, compared to analyst estimates of $17.35 billion. The business’s revenue was down 14.6% on a year-over-year basis. During the same period in the prior year, the company earned ($0.82) EPS. As a group, research analysts anticipate that The Boeing Company will post -4.26 earnings per share for the current year.

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.