Canada Pension Plan Investment Board Reduces Holdings in The Boeing Company (NYSE:BA)

Canada Pension Plan Investment Board lowered its holdings in The Boeing Company (NYSE:BA) by 67.1% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 239,130 shares of the aircraft producer’s stock after selling 487,124 shares during the quarter. Canada Pension Plan Investment Board’s holdings in Boeing were worth $43,524,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Chicago Partners Investment Group LLC lifted its holdings in Boeing by 0.4% in the 4th quarter. Chicago Partners Investment Group LLC now owns 14,941 shares of the aircraft producer’s stock worth $3,895,000 after buying an additional 56 shares during the period. Madison Park Capital Advisors LLC raised its position in shares of Boeing by 4.9% in the 2nd quarter. Madison Park Capital Advisors LLC now owns 1,204 shares of the aircraft producer’s stock worth $219,000 after acquiring an additional 56 shares in the last quarter. Angeles Wealth Management LLC raised its position in shares of Boeing by 4.3% in the 4th quarter. Angeles Wealth Management LLC now owns 1,463 shares of the aircraft producer’s stock worth $381,000 after acquiring an additional 60 shares in the last quarter. Bridge Creek Capital Management LLC raised its position in shares of Boeing by 3.1% in the 1st quarter. Bridge Creek Capital Management LLC now owns 1,983 shares of the aircraft producer’s stock worth $383,000 after acquiring an additional 60 shares in the last quarter. Finally, Wealth Alliance Advisory Group LLC raised its position in shares of Boeing by 1.6% in the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 3,798 shares of the aircraft producer’s stock worth $691,000 after acquiring an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 64.82% of the company’s stock.

Boeing Stock Down 0.8 %

NYSE:BA opened at $153.29 on Friday. The business’s 50-day simple moving average is $171.21 and its two-hundred day simple moving average is $177.57. The stock has a market cap of $94.10 billion, a PE ratio of -43.18 and a beta of 1.57. The Boeing Company has a 52 week low of $152.60 and a 52 week high of $267.54.

Boeing (NYSE:BA) last posted its quarterly earnings results on Wednesday, July 31st. The aircraft producer reported ($2.90) 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 analyst estimates of $17.35 billion. The firm’s revenue for the quarter was down 14.6% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.82) earnings per share. Sell-side analysts anticipate that The Boeing Company will post -4.26 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on BA shares. Susquehanna reissued a “positive” rating and issued a $230.00 target price on shares of Boeing in a research report on Wednesday, August 14th. Sanford C. Bernstein decreased their target price on Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a research report on Monday, August 5th. UBS Group reduced their price objective on Boeing from $250.00 to $240.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Bank of America raised their price objective on Boeing from $180.00 to $200.00 and gave the company a “neutral” rating in a research report on Thursday, June 13th. Finally, Wells Fargo & Company reaffirmed an “underweight” rating and set a $119.00 price objective (down previously from $185.00) on shares of Boeing in a research report on Tuesday, September 3rd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $211.29.

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.