The Boeing Company (NYSE:BA) Stock Holdings Lowered by Blair William & Co. IL

Blair William & Co. IL lessened its position in The Boeing Company (NYSE:BA) by 12.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 150,343 shares of the aircraft producer’s stock after selling 21,365 shares during the period. Blair William & Co. IL’s holdings in Boeing were worth $27,364,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of BA. Vanguard Group Inc. increased its stake in shares of Boeing by 2.5% in the first quarter. Vanguard Group Inc. now owns 49,724,770 shares of the aircraft producer’s stock valued at $9,596,383,000 after purchasing an additional 1,222,816 shares during the period. Capital Research Global Investors grew its holdings in Boeing by 35.5% in the 4th 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 increased its position in Boeing by 23.7% in the 4th 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 period. Massachusetts Financial Services Co. MA raised its stake 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 acquiring an additional 106,513 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Boeing by 1.1% during the 4th quarter. Northern Trust Corp now owns 5,003,262 shares of the aircraft producer’s stock valued at $1,304,150,000 after acquiring an additional 52,081 shares in the last quarter. 64.82% of the stock is currently owned by institutional investors.

Boeing Stock Down 0.8 %

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

Boeing (NYSE:BA) last posted 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 analyst estimates of $17.35 billion. During the same period in the prior year, the company posted ($0.82) EPS. The business’s revenue for the quarter was down 14.6% compared to the same quarter last year. Analysts expect that The Boeing Company will post -4.26 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Stifel Nicolaus raised their price target on Boeing from $230.00 to $235.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Robert W. Baird lowered their target price 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. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $225.00 price target on shares of Boeing in a research note on Tuesday, June 25th. Wells Fargo & Company reiterated an “underweight” rating and set a $119.00 price objective (down previously from $185.00) on shares of Boeing in a research note on Tuesday, September 3rd. Finally, Bank of America boosted their target price on Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a report on Thursday, June 13th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $211.29.

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.