Epoch Investment Partners Inc. Sells 291,519 Shares of The Boeing Company (NYSE:BA)

Epoch Investment Partners Inc. trimmed its position in The Boeing Company (NYSE:BA) by 96.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,587 shares of the aircraft producer’s stock after selling 291,519 shares during the period. Epoch Investment Partners Inc.’s holdings in Boeing were worth $1,745,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of BA. Frank Rimerman Advisors LLC boosted its position in Boeing by 1,401.6% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 2,778 shares of the aircraft producer’s stock worth $506,000 after acquiring an additional 2,593 shares during the last quarter. ProShare Advisors LLC boosted its holdings in Boeing by 14.8% during the second quarter. ProShare Advisors LLC now owns 194,177 shares of the aircraft producer’s stock worth $35,342,000 after purchasing an additional 25,058 shares during the last quarter. Kowal Investment Group LLC bought a new position in Boeing in the second quarter valued at $307,000. Hancock Whitney Corp increased its stake in Boeing by 1.0% in the 2nd quarter. Hancock Whitney Corp now owns 7,582 shares of the aircraft producer’s stock valued at $1,380,000 after buying an additional 72 shares during the last quarter. Finally, Merriman Wealth Management LLC lifted its position in Boeing by 27.0% during the 2nd quarter. Merriman Wealth Management LLC now owns 3,445 shares of the aircraft producer’s stock worth $627,000 after buying an additional 732 shares in the last quarter. 64.82% of the stock is owned by institutional investors and hedge funds.

Boeing Stock Up 2.0 %

Shares of BA stock opened at $156.30 on Tuesday. The Boeing Company has a 12-month low of $151.65 and a 12-month high of $267.54. The company has a market capitalization of $95.95 billion, a PE ratio of -44.03 and a beta of 1.57. The firm has a 50 day moving average price of $170.76 and a two-hundred day moving average price of $177.08.

Boeing (NYSE:BA) last released 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 during the quarter, compared to analyst estimates of $17.35 billion. During the same period in the previous year, the business earned ($0.82) EPS. Boeing’s revenue for the quarter was down 14.6% compared to the same quarter last year. As a group, research analysts expect that The Boeing Company will post -4.26 EPS for the current year.

Analysts Set New Price Targets

BA has been the subject of several analyst reports. Robert W. Baird decreased their price objective on Boeing from $300.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, June 3rd. Susquehanna reaffirmed a “positive” rating and set a $230.00 price target on shares of Boeing in a research report on Wednesday, August 14th. Bank of America upped their price objective on Boeing from $180.00 to $200.00 and gave the stock a “neutral” rating in a research note on Thursday, June 13th. Sanford C. Bernstein decreased their target price on shares of Boeing from $222.00 to $207.00 and set an “outperform” rating for the company in a research note on Monday, August 5th. Finally, UBS Group dropped their price target on shares of Boeing from $250.00 to $240.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $212.89.

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.