Psagot Value Holdings Ltd. Israel boosted its holdings in The Boeing Company (NYSE:BA – Get Rating) by 41.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 920 shares of the aircraft producer’s stock after buying an additional 270 shares during the period. Psagot Value Holdings Ltd. Israel’s holdings in Boeing were worth $176,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Boeing by 0.6% during the first quarter. Vanguard Group Inc. now owns 43,355,912 shares of the aircraft producer’s stock valued at $8,302,657,000 after purchasing an additional 276,392 shares during the period. BlackRock Inc. increased its position in shares of Boeing by 2.9% during the first quarter. BlackRock Inc. now owns 31,674,287 shares of the aircraft producer’s stock valued at $6,065,627,000 after purchasing an additional 887,382 shares during the period. Loomis Sayles & Co. L P increased its position in shares of Boeing by 19.8% during the fourth 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 purchasing an additional 2,210,908 shares during the period. Geode Capital Management LLC increased its position in shares of Boeing by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 8,616,520 shares of the aircraft producer’s stock valued at $1,729,452,000 after purchasing an additional 207,904 shares during the period. Finally, Bank of Montreal Can increased its position in shares of Boeing by 165.0% during the fourth quarter. Bank of Montreal Can now owns 4,377,572 shares of the aircraft producer’s stock valued at $1,015,817,000 after purchasing an additional 2,725,602 shares during the period. 57.10% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of analysts have recently issued reports on BA shares. Robert W. Baird restated an “outperform” rating and set a $245.00 price objective on shares of Boeing in a research report on Wednesday. Bank of America increased their price target on Boeing from $170.00 to $175.00 and gave the stock a “neutral” rating in a report on Wednesday. Morgan Stanley increased their price target on Boeing from $215.00 to $233.00 and gave the stock an “overweight” rating in a report on Thursday. Wells Fargo & Company decreased their price objective on Boeing from $214.00 to $210.00 and set an “overweight” rating for the company in a report on Thursday, July 28th. Finally, StockNews.com raised Boeing from a “sell” rating to a “hold” rating in a research report on Friday, July 29th. Four analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, Boeing currently has a consensus rating of “Moderate Buy” and an average target price of $220.06.
Boeing Stock Performance
Boeing (NYSE:BA – Get Rating) last released its earnings results on Wednesday, July 27th. The aircraft producer reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.23). The firm had revenue of $16.68 billion during the quarter, compared to the consensus estimate of $17.53 billion. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.40 earnings per share. On average, equities analysts forecast that The Boeing Company will post -1.9 earnings per share for the current year.
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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