The Boeing Company (NYSE:BA) Position Lessened by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT lowered its position in The Boeing Company (NYSE:BA) by 69.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,573 shares of the aircraft producer’s stock after selling 3,575 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Boeing were worth $286,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Capital Research Global Investors grew its stake in shares of Boeing by 35.5% in the 4th 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. Wellington Management Group LLP grew its position in Boeing by 563.9% in the fourth quarter. Wellington Management Group LLP now owns 3,439,093 shares of the aircraft producer’s stock worth $896,434,000 after acquiring an additional 2,921,043 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Boeing by 23.7% during the 4th 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 purchasing an additional 1,884,850 shares during the last quarter. Global Assets Advisory LLC bought a new position in shares of Boeing during the 1st quarter valued at $272,312,000. Finally, Vanguard Group Inc. lifted its stake in shares of Boeing by 2.5% in the 1st 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 last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on BA shares. Stifel Nicolaus increased their target price on shares of Boeing from $230.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, August 1st. Wells Fargo & Company reissued an “underweight” rating and issued a $119.00 price objective (down from $185.00) on shares of Boeing in a research note on Tuesday, September 3rd. Bank of America upped their target price on Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research report on Thursday, June 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $225.00 price target on shares of Boeing in a research report on Tuesday, June 25th. Finally, Baird R W raised shares of Boeing to a “strong-buy” rating in a report on Monday, June 3rd. Three analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and an average target price of $211.29.

Boeing Price Performance

Boeing stock opened at $154.55 on Friday. The Boeing Company has a 52-week low of $154.02 and a 52-week high of $267.54. The stock has a fifty day moving average price of $171.80 and a two-hundred day moving average price of $178.07. The firm has a market capitalization of $94.88 billion, a P/E ratio of -43.54 and a beta of 1.57.

Boeing (NYSE:BA) last announced its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) earnings per share (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 analysts’ expectations of $17.35 billion. The firm’s revenue was down 14.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.82) earnings per share. On average, equities research analysts predict 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.