HYA Advisors Inc grew its stake in shares of The Boeing Company (NYSE:BA – Get Rating) by 5.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,861 shares of the aircraft producer’s stock after acquiring an additional 150 shares during the period. HYA Advisors Inc’s holdings in Boeing were worth $548,000 at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. Bank of Montreal Can grew its stake in Boeing by 165.0% in the 4th quarter. Bank of Montreal Can now owns 4,377,572 shares of the aircraft producer’s stock worth $1,015,817,000 after acquiring an additional 2,725,602 shares during the period. Loomis Sayles & Co. L P grew its stake in shares of Boeing by 19.8% during the 4th quarter. Loomis Sayles & Co. L P now owns 13,367,929 shares of the aircraft producer’s stock valued at $2,691,231,000 after buying an additional 2,210,908 shares during the period. Clear Street LLC purchased a new stake in shares of Boeing during the 4th quarter valued at $199,306,000. Nuveen Asset Management LLC grew its stake in shares of Boeing by 17.9% during the 4th quarter. Nuveen Asset Management LLC now owns 3,636,168 shares of the aircraft producer’s stock valued at $732,033,000 after buying an additional 552,493 shares during the period. Finally, American Century Companies Inc. grew its stake in shares of Boeing by 4,303.9% during the 4th quarter. American Century Companies Inc. now owns 359,311 shares of the aircraft producer’s stock valued at $72,336,000 after buying an additional 351,152 shares during the period. Institutional investors own 53.96% of the company’s stock.
Several research firms recently weighed in on BA. Wells Fargo & Company reduced their target price on shares of Boeing from $250.00 to $214.00 in a report on Thursday, April 28th. Bank of America reduced their target price on shares of Boeing from $180.00 to $150.00 in a report on Tuesday, May 17th. Jefferies Financial Group cut their price objective on shares of Boeing from $270.00 to $225.00 and set a “buy” rating on the stock in a report on Monday, May 2nd. StockNews.com lowered shares of Boeing from a “hold” rating to a “sell” rating in a report on Friday, May 6th. Finally, JPMorgan Chase & Co. set a $190.00 price objective on shares of Boeing in a report on Tuesday, May 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $225.83.
Boeing (NYSE:BA – Get Rating) last posted its quarterly earnings data on Wednesday, April 27th. The aircraft producer reported ($2.75) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($2.49). The company had revenue of $13.99 billion for the quarter, compared to analyst estimates of $15.90 billion. The company’s revenue for the quarter was down 8.1% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.53) earnings per share. On average, analysts anticipate that The Boeing Company will post -0.81 EPS for the current year.
Boeing Company Profile (Get Rating)
The Boeing Company, together with its subsidiaries, designs, develops, manufactures, sales, services, and supports commercial jetliners, military aircraft, satellites, missile defense, human space flight and launch systems, and services worldwide. The company operates through four segments: Commercial Airplanes; Defense, Space & Security; Global Services; and Boeing Capital.
- Get a free copy of the StockNews.com research report on Boeing (BA)
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